Florida H0707 amends gift certificate laws to prohibit expiration dates and fees on gift certificates and credit memos.

Florida H0707 revises the definition of "gift certificate" to exclude certain items and prohibits expiration dates and fees on gift certificates and credit memos. It specifies that unredeemed gift certificates are not required to be reported as unclaimed property and that the consideration paid for such certificates is the property of the issuer. The act also allows issuers to honor expired gift certificates on or before the effective date.

Florida H0707 amends gift certificate laws to prohibit expiration dates and fees on gift certificates and credit memos.

Florida H0707 revises the definition of "gift certificate" to exclude certain items and prohibits expiration dates and fees on gift certificates and credit memos. It specifies that unredeemed gift certificates are not required to be reported as unclaimed property and that the consideration paid for such certificates is the property of the issuer. The act also allows issuers to honor expired gift certificates on or before the effective date.