Michigan HB4599 amends the definition of gift card fraud to include both open-loop and closed-loop gift cards.

Michigan HB4599 amends the definition of gift card fraud to include both open-loop and closed-loop gift cards. The bill adds a new section to the existing law, clarifying that gift card fraud now encompasses both types of gift cards. This change aims to ensure that all forms of gift card fraud are covered under the law, protecting consumers from fraudulent activities involving gift cards.

Michigan HB4599 amends the definition of gift card fraud to include both open-loop and closed-loop gift cards.

Michigan HB4599 amends the definition of gift card fraud to include both open-loop and closed-loop gift cards. The bill adds a new section to the existing law, clarifying that gift card fraud now encompasses both types of gift cards. This change aims to ensure that all forms of gift card fraud are covered under the law, protecting consumers from fraudulent activities involving gift cards.