Maryland SB437 updates definitions and penalties for crimes involving gift cards.

Maryland SB437 redefines "gift card" to include open-loop and closed-loop cards, excluding credit cards and electronic funds transfers. It specifies the value of a gift card for theft and fraud crimes, setting it as the highest of the card's face value, the value represented by the defendant, or the loss incurred by the victim. The bill also criminalizes altering or tampering with a gift card with intent to defraud, classifying it as a misdemeanor. The changes take effect October 1, 2026.

Maryland SB437 updates definitions and penalties for crimes involving gift cards.

Maryland SB437 redefines "gift card" to include open-loop and closed-loop cards, excluding credit cards and electronic funds transfers. It specifies the value of a gift card for theft and fraud crimes, setting it as the highest of the card's face value, the value represented by the defendant, or the loss incurred by the victim. The bill also criminalizes altering or tampering with a gift card with intent to defraud, classifying it as a misdemeanor. The changes take effect October 1, 2026.