Maryland HB752 updates definitions and penalties for crimes involving gift cards.

Maryland HB752 amends the Commercial Law and Criminal Law articles to redefine "gift card" and specify penalties for altering or tampering with gift cards with intent to defraud. The bill distinguishes between closed-loop and open-loop gift cards, setting the value of a gift card as the highest of the face value, the value represented by the defendant, or the loss incurred by any person. It prohibits altering or tampering with gift cards or their packaging with intent to defraud, classifying such actions as a misdemeanor.

Maryland HB752 updates definitions and penalties for crimes involving gift cards.

Maryland HB752 amends the Commercial Law and Criminal Law articles to redefine "gift card" and specify penalties for altering or tampering with gift cards with intent to defraud. The bill distinguishes between closed-loop and open-loop gift cards, setting the value of a gift card as the highest of the face value, the value represented by the defendant, or the loss incurred by any person. It prohibits altering or tampering with gift cards or their packaging with intent to defraud, classifying such actions as a misdemeanor.