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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

081

:
GIFT CERTIFICATES











 

§

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.)