Bill Text: IA SF2334 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: A bill for an act relating to gift card fraud notice.(Formerly SF 2147.)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2024-03-04 - Amendment S-5040 filed. S.J. 443. [SF2334 Detail]
Download: Iowa-2023-SF2334-Introduced.html
Senate
File
2334
-
Introduced
SENATE
FILE
2334
BY
COMMITTEE
ON
JUDICIARY
(SUCCESSOR
TO
SF
2147)
(COMPANION
TO
HF
2251
BY
YOUNG)
A
BILL
FOR
An
Act
relating
to
gift
card
fraud
notice.
1
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
2
TLSB
6000SV
(2)
90
cm/jh
S.F.
2334
Section
1.
NEW
SECTION
.
554H.1
Gift
card
fraud
notice.
1
1.
As
used
in
this
section,
“gift
card”
means
a
written
2
promise
or
electronic
payment
device
that
is
all
of
the
3
following:
4
a.
Usable
at
a
single
merchant;
an
affiliated
group
or
5
merchants
that
share
the
same
name,
mark,
or
logo;
or
multiple
6
unaffiliated
merchants
or
service
providers.
7
b.
Issued
in
a
specific
amount.
8
c.
May
or
may
not
be
increased
in
value
or
reloaded.
9
d.
Purchased
on
a
prepaid
basis
for
the
future
purchase
or
10
delivery
of
any
goods
or
services.
11
e.
Honored
upon
presentation.
12
2.
a.
A
person,
firm,
partnership,
association,
13
corporation,
store,
or
mercantile
establishment
that
sells
14
gift
cards
redeemable
at
any
location
other
than
the
place
15
of
purchase
shall
display
a
conspicuous
notice
in
a
format
16
prescribed
by
the
consumer
protection
division
of
the
office
of
17
the
attorney
general.
The
notice
must
do
the
following:
18
(1)
Caution
the
purchaser
about
gift
card
fraud.
19
(2)
Provide
instruction
on
what
to
do
if
the
purchaser
20
believes
that
the
purchaser
may
be
a
victim
of
a
gift
card
21
fraud,
including
that
the
purchaser
may
report
the
alleged
22
violation
to
the
consumer
protection
division
of
the
office
of
23
the
attorney
general.
24
(3)
Be
posted
in
a
conspicuous
manner
within
the
25
establishment
in
at
least
one
of
the
following
locations:
26
(a)
On
all
displays
where
third-party
or
open-loop
gift
27
cards
are
displayed.
28
(b)
At
all
physical
points
of
sale.
29
(c)
On
the
electronic
payment
system
screen
prior
to
the
30
purchaser
finalizing
payment.
31
b.
In
addition
to
but
not
in
lieu
of
paragraph
“a”
,
32
subparagraph
(3),
a
person,
firm,
partnership,
association,
33
corporation,
store,
or
mercantile
establishment
may
place
a
34
notice
on
the
sales
receipt.
35
-1-
LSB
6000SV
(2)
90
cm/jh
1/
2
S.F.
2334
3.
A
person,
firm,
partnership,
association,
corporation,
1
store,
or
mercantile
establishment
that
violates
this
section
2
shall
be
given
a
written
citation
by
the
consumer
protection
3
division
of
the
office
of
the
attorney
general.
A
person,
4
firm,
partnership,
association,
corporation,
store,
or
5
mercantile
establishment
that
receives
three
citations
or
more
6
from
the
consumer
protection
division
of
the
office
of
the
7
attorney
general
shall
be
subject
to
a
civil
penalty
of
up
to
8
two
hundred
fifty
dollars.
9
EXPLANATION
10
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
11
the
explanation’s
substance
by
the
members
of
the
general
assembly.
12
This
bill
relates
to
gift
card
fraud
notice.
The
bill
13
requires
any
person,
firm,
partnership,
association,
14
corporation,
store,
or
mercantile
establishment
that
sells
gift
15
cards
to
other
businesses
to
display
a
notice
of
gift
card
16
fraud.
17
The
bill
requires
that
a
notice
shall
provide
information
on
18
what
gift
card
fraud
is
and
what
a
person
can
do
if
the
person
19
believes
he
or
she
may
be
the
victim
of
gift
card
fraud.
The
20
bill
also
provides
that
the
notice
must
be
displayed
on
all
21
displays
that
gift
cards
are
located,
at
all
physical
points
22
of
sale,
or
on
the
electronic
payment
system
screen
prior
to
23
completion
of
the
sale.
24
The
bill
provides
that
a
business
that
violates
the
bill
25
shall
receive
a
citation
from
the
consumer
protection
division
26
of
the
office
of
the
attorney
general
and
that
three
or
more
27
citations
shall
result
in
a
civil
penalty
of
no
more
than
$250.
28
-2-
LSB
6000SV
(2)
90
cm/jh
2/
2
