MA H1611

Establishes new criminal penalties for gift card fraud by adding Sections 37F and 37G to Chapter 266 of the Massachusetts General Laws

Defines key terms including "closed-loop gift cards" (redeemable at single merchant or affiliated group) and "open-loop gift cards" (redeemable at multiple unaffiliated merchants within a payment network)

Classifies fraudulent acquisition or retention of gift cards or redemption information without consent as larceny under existing state law

Classifies fraudulent alteration or tampering with gift cards as forgery under Chapter 267

Elevates the offense to felony larceny when the total value obtained through gift card fraud exceeds $1,200 within any consecutive six-month period