Spavelous Spas Finder | The Perfect Gift | Spa Gift Certificate
Indiana:
(317) 232-6201
Indiana Government Center South - 5th Floor, 402 West Washington Street, Indianapolis, IN 46204
http://www.in.gov/attorneygeneral/
Indiana Escheat – Gift certificates are exempt from unclaimed property laws. Indiana Code § 32-34-1-1.
Iowa:
(515) 281-5164
Hoover State Office Bldg., 1305 E. Walnut, Des Moines, IA 50319
http://www.IowaAttorneyGeneral.org
Iowa Expiration – Iowa allows sellers of gift certificates to have expiration dates.
Fees – No fees may be charged without a contract. Iowa Code § 556.9.
Redemption – An issuer of a gift certificate shall not deduct from the face value of the gift certificate any charge imposed due to the failure of the owner of the gift certificates to present the gift certificate in a timely manner, unless a valid and enforceable written contract exists between the issuer and the owner of the gift certificate pursuant to which the issuer regularly imposes such charges and does not regularly reverse or otherwise cancel them. Iowa Code § 556.9(2)
Gift Cards – Gift cards are covered under the definition of “gift certificate.” Iowa Code § 556.9(2)
Kansas:
(785) 296-2215
120 S.W. 10th Ave., 2nd Fl., Topeka, KS 66612-1597
http://www.ksag.org/home/
Kansas Expiration – Effective January 1, 2007, gift certificates with expiration dates must expire no less than five years after the date of purchase. Cards without expiration dates are valid until redeemed or replaced. 2006 H.B. 2658.
Fees – No fees may be charged during the first 12 months following issuance. 2006 H.B. 2658.
Kentucky:
(502) 696-5300
State Capitol, Rm. 116, Frankfort, KY 40601
http://ag.ky.gov
Kentucky Expiration – Gift certificates with expiration dates must expire no less than one year after the date of purchase. Cards without expiration dates printed on the front or back are valid until redeemed or replaced. Kentucky Rev. Stat. § 367.890.
Fees – No fees may be charged prior to expiration. Kentucky Rev. Stat. § 367.890(3).
Louisiana:
225-326-6000
P.O. Box 94095, Baton Rouge, LA 70804-4095
http://www.ag.state.la.us/
Louisiana Expiration – An expiration date cannot be less than five years from the date of issuance. It is unlawful for a person to sell a gift certificate with a service fee or dormancy fee, though the seller can impose a one-time handling fee that shall not exceed one dollar per gift certificate. Louisiana Revised Statute § 1423(B). A gift certificate sold without an expiration date shall be valid until redeemed or replaced. Louisiana Revised Statute § 1423.
Fees – In general, no service fees, although a one-time handling fee of $1 or less is permissible. Louisiana Revised Statute § 1423(B)(2).
Disclosure – Expiration dates shall appear in capital letters in at least ten-point font on the gift certificate. Louisiana
Revised Statute §1423(B)
Gift Cards – Gift cards are covered under the definition of “gift certificate”. Louisiana Revised Statute §1423(A)
***Note – The provisions of §1423 do not apply to gift certificates distributes to a consumer pursuant to an awards loyalty or promotional program without anything being given in exchange for the gift certificate by the consumer. The provisions also do not apply to gift certificates sold below face value or donated to non-profits, or to gift certificates that are usable with multiple sellers of goods. Louisiana Revised Statute §1423(D)
Maine:
(207) 626-8800
State House Station 6, Augusta, ME 04333
http://www.state.me.us/ag
Maine Expiration – A period of limitation may not be imposed on the owner’s right to redeem the gift obligation. Maine Revised Statutes 33 § 1953(G)
Redemption – A gift obligation is considered abandoned 3 years after December 31st of the year in which the gift obligation occurred. A period of limitation may not be imposed on the owner’s right to redeem the gift obligation. The amount unclaimed is the face value of the gift obligation, except that the amount unclaimed is 60% of the gift obligation’s face value if the issuer of the gift obligation does not impose a dormancy charge. Fees or charges may not be imposed on gift obligations unless they are noted on the gift obligation and are in accordance with section 1956. The amount of these charges or fees may not be unconscionable. Maine Revised Statutes 33 § 1953(G)
Disclosure – Fees or charges may not be imposed on gift obligations unless they are noted on the gift obligation and are in accordance with section 1956. Maine Revised Statutes 33 § 1953(G)
Gift Cards – Gift certificates and gift cards are both covered under the definition of “gift obligation.” Maine Revised Statutes 33 § 1952
Maryland:
(410) 576-6300
200 St. Paul Place, Baltimore, MD 21202-2202
http://www.oag.state.md.us
Maryland Expiration – Gift certificates must be valid for not less than 4 years. Any expiration date must be clearly disclosed. Maryland Commercial Code Ann. § 14-1319; 14-1320.
Fees – Fees must be disclosed, and no fees may be charged within 4 years of purchase. Maryland Commercial Code Ann. § 14-1319; 14-1320.
Escheat – Gift cards are exempt from the unclaimed property act. Maryland Commercial Code Ann. § 17-101(m).
Massachusetts:
(617) 727-2200
1 Ashburton Place, Boston, MA 02108-1698
www.mass.gov/ago
Massachusetts Expiration – A gift certificate sold or offered to be sold shall be valid for not less than 7 years after its date of issuance. Massachusetts General Laws 200A §5D. A gift certificate without an expiration date will not expire. Massachusetts General Laws200A § 5D
Redemption – Notwithstanding any general or special law to the contrary, upon a gift certificate being redeemed for at least 90 per cent of its face value, a consumer shall make an election to receive the balance in cash or to continue with the gift certificate. Massachusetts General Laws 200A § 5D. Since the gift card must be redeemable in full value for seven years, issuers are not allowed to deduct service charges or dormancy fees. As of April 1, 2003, issuers of gift certificates that have expired may retain the unredeemed amount on a gift certificate. Massachusetts General Laws 200A § 5D.
Disclosure – The date of issuance and the expiration date shall be clearly identified on the face of the gift certificate or gift card with a banked dollar value clearly printed upon a sales receipt transferred to the purchaser or holder of the electronic card through means of an internet site or a toll free information telephone line. Massachusetts General Laws 200A §5D
Gift Cards – Gift cards are covered under the definition of “gift certificate”. Massachusetts General Laws 255D §1
Michigan:
(517) 373-1110
P.O.Box 30212, 525 W. Ottawa St., Lansing, MI 48909-0212
http://www.michigan.gov/ag
Michigan Escheat – Gift certificates unclaimed for more than five years are deemed abandoned in the amount of the purchase price. Michigan Comp. Laws § 567.235.
Minnesota:
(651) 296-3353
State Capitol, Ste. 102, St. Paul, MN 55155
http://www.ag.state.mn.us
Minnesota Escheat – Gift cards are exempt from the definition of intangible property. Minnesota Stat. § 345.39.
A new Minnesota law (¶32,314) prohibits expiration dates and service fees for gift certificates and gift cards. Laws of 2007, Chapter 93, approved May 21, 2007, effective August 1, 2007.
Mississippi:
(601) 359-3680
Department of Justice, P.O. Box 220, Jackson, MS 37205-0220
http://www.ago.state.ms.us/
Mississippi Escheat – Gift certificates unclaimed for more than five years are deemed abandoned. Mississippi Code Ann. § 89-12-14.
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Spavelous Spas Finder | The Perfect Gift | Spa Gift Certificate
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