Establishes penalties for crimes involving gift cards, including fraud and forgery.
The bill amends Chapter 266 of the General Laws to introduce new sections addressing crimes involving gift cards. It defines terms such as "open-loop gift card" and "closed-loop gift card." The bill makes it a crime to acquire or retain possession of a gift card with intent to defraud, classifying it as larceny. If the value of items obtained exceeds $1,200 in any six-month period, it becomes felony larceny. Altering or tampering with a gift card with intent to defraud is classified as forgery. The bill aims to protect consumers and merchants from fraudulent activities involving gift cards.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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