Bill Text: TX HB2391 | 2015-2016 | 84th Legislature | Enrolled

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Bill Title: Relating to the redemption of certain stored value cards, including gift cards, for cash.

Sponsorship: Bipartisan Bill

Status: (Enrolled - Dead) 2015-06-17 - Effective on 9/1/15 [HB2391 Detail]

Download: Texas-2015-HB2391-Enrolled.html

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H.B. No. 2391

AN ACT
relating to the redemption of certain stored value cards, including
gift cards, for cash.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 604, Business & Commerce Code, is
amended by adding Subchapter D to read as follows:
SUBCHAPTER D. REDEMPTION OF CERTAIN LOW-VALUE CARDS
Sec. 604.151. APPLICABILITY OF SUBCHAPTER. (a) This
subchapter does not apply to a stored value card:
(1) described by Sections 604.002(1)-(3);
(2) issued as a refund for merchandise returned
without a receipt; or
(3) that has an initial value of $5 or less and to
which additional value cannot be added.
(b) Except as otherwise provided by Subsection (a), Section
604.002 does not apply to this subchapter.
Sec. 604.152. CASH REFUND FOR LOW-VALUE CARD. If a stored
value card is redeemed in person to make a purchase and a balance of
less than $2.50 remains following the redemption, at the consumer's
request the seller shall refund the balance of the card in cash to
the consumer.
SECTION 2. This Act takes effect September 1, 2015.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 2391 was passed by the House on May
11, 2015, by the following vote: Yeas 110, Nays 20, 1 present, not
voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 2391 was passed by the Senate on May
25, 2015, by the following vote: Yeas 26, Nays 5.
______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor