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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 8 : Banking and Insurance

Chapter 081 : GIFT CERTIFICATES

(Cite as: 8 V.S.A. § 2702a)
  • § 2702a. Loyalty, award, or promotional gift certificate

    A loyalty, award, or promotional gift certificate shall clearly and legibly set forth the following disclosures, as applicable:

    (1) a statement indicating that the gift certificate is issued for loyalty, award, or promotional purposes, which shall be included on the front of the gift certificate;

    (2) the expiration date for both the paid value of the gift certificate, if any, and the promotional value of the gift certificate, if any, which shall be included on the front of the gift certificate;

    (3) the amount of any fees that may be imposed in connection with the gift certificate and the conditions under which they may be imposed, which shall be provided on or with the gift certificate; and

    (4) if any fee is assessed against the gift certificate, a toll-free telephone number and, if one is maintained, a website address that a consumer may use to obtain fee information, which shall be included on the gift certificate. (Added 2011, No. 136 (Adj. Sess.), § 7, eff. May 18, 2012.)