SB1078 amends the Civil Code to allow certain gift certificates to be redeemed in cash without penalty.

SB1078 amends the Civil Code to allow gift certificates with a cash redemption threshold below the required amount to be redeemed in cash without penalty if they were manufactured or printed before April 1, 2026. The bill also mandates that issuers display a notice in at least 24-point font stating that gift certificates with a cash value of less than fifteen dollars are redeemable in cash for their cash value. The bill further requires issuers to maintain records demonstrating the manufacture or print date of the gift certificate.

SB1078 amends the Civil Code to allow certain gift certificates to be redeemed in cash without penalty.

SB1078 amends the Civil Code to allow gift certificates with a cash redemption threshold below the required amount to be redeemed in cash without penalty if they were manufactured or printed before April 1, 2026. The bill also mandates that issuers display a notice in at least 24-point font stating that gift certificates with a cash value of less than fifteen dollars are redeemable in cash for their cash value. The bill further requires issuers to maintain records demonstrating the manufacture or print date of the gift certificate.