Iowa HF842 establishes penalties for theft, forgery, and fraud involving gift cards.

Iowa HF842 addresses theft, forgery, and fraud involving gift cards. It defines "cardholder," "card issuer," and "gift card" and outlines penalties for various offenses. Acquiring or retaining a gift card or redemption information without consent is an aggravated misdemeanor. Altering or tampering with a gift card is forgery, also an aggravated misdemeanor. Using a gift card or redemption information obtained fraudulently is theft, with penalties ranging from a serious misdemeanor to a class "C" felony, depending on the value of the stolen property.

Iowa HF842 establishes penalties for theft, forgery, and fraud involving gift cards.

Iowa HF842 addresses theft, forgery, and fraud involving gift cards. It defines "cardholder," "card issuer," and "gift card" and outlines penalties for various offenses. Acquiring or retaining a gift card or redemption information without consent is an aggravated misdemeanor. Altering or tampering with a gift card is forgery, also an aggravated misdemeanor. Using a gift card or redemption information obtained fraudulently is theft, with penalties ranging from a serious misdemeanor to a class "C" felony, depending on the value of the stolen property.