Enacts the New York gift certificate scam prevention act
What changed between versions
Added a new definition for 'promotional gift certificates' to clarify rules for cards issued without consideration for promotional purposes.
Revised packaging requirements for gift certificates to focus on concealing visible numbers used for balance inquiries or redemption, rather than specific packaging types.
Added new record-keeping requirements for third-party resellers to include the specific amount issued, prices paid, and consumer signature.
Added requirements for resellers to maintain records chronologically in ink or secure digital systems, with provisions for handwritten corrections.
Added specific prohibitions against falsifying, destroying, or refusing to allow inspection of required records.
Expanded law enforcement inspection rights to allow access to records during ordinary business hours or at any reasonable time.