New York gift certificate scam prevention act requires certain sale, security, and record-keeping requirements for gift certificates.
The New York gift certificate scam prevention act amends the general business law to establish specific requirements for the sale and record-keeping of gift certificates. It mandates that gift certificates conceal certain numbers unless they incorporate technology to prevent tampering. Third-party gift certificate resellers must record and maintain detailed information for three years, including the names and identification numbers of sellers and consumers, transaction descriptions, and prices.
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