Virginia HB689 amends the definition of gift certificates, addresses international transactions, and mandates fraud reporting.
Virginia HB689 amends the definition of "gift certificate" to include general use prepaid cards. It requires merchants to disclose information about dormancy fees and inactivity charges. The bill mandates that local law enforcement report gift certificate fraud to the Internet Crime Complaint Center of the Federal Bureau of Investigation. It also addresses issues related to international transactions and fraud reporting.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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