Senate Bill S1329

Signed By Governor
2023-2024 Legislative Session

Requires the consumer protection division to establish a model notice of potential scams when selling gift cards

download bill text pdf

Sponsored By

Current Bill Status Via A1009 - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-S1329 (ACTIVE) - Details

See Assembly Version of this Bill:
A1009
Law Section:
General Business Law
Laws Affected:
Amd §396-i, Gen Bus L (as proposed in S.145-B & A.266-A)

2023-S1329 (ACTIVE) - Summary

Requires the consumer protection division to establish a model notice of potential scams when selling gift cards.

2023-S1329 (ACTIVE) - Sponsor Memo

2023-S1329 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1329
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 11, 2023
                                ___________
 
 Introduced  by  Sen.  THOMAS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the general  business  law,  in  relation  to  providing
   notice of potential scams when selling gift cards
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 2-b of section 396-i of  the  general  business
 law,  as  added  by  a  chapter of the laws of 2022 amending the general
 business law relating to providing notice of potential scams when  sell-
 ing gift cards, as proposed in legislative bills numbers S. 145-B and A.
 266-A, is amended to read as follows:
   2-b.  (A)  No  person,  firm,  partnership, association or corporation
 shall sell a gift certificate to a purchaser unless the seller  displays
 a  conspicuous notice at or near where the gift certificate is displayed
 or at or near the physical location where  the  sale  occurs,  that  (i)
 cautions  the purchaser about prepaid card scams, and (ii) instructs the
 purchaser on what to do if they suspect they might be a potential victim
 of such a scam.
   (B) THE CONSUMER PROTECTION DIVISION, AS ESTABLISHED IN SECTION  NINE-
 TY-FOUR-A  OF THE EXECUTIVE LAW, SHALL CREATE A MODEL NOTICE WHICH SELL-
 ERS MAY USE TO COMPLY WITH THE REQUIREMENTS OF THIS  SECTION  AND  SHALL
 MAKE  SUCH  NOTICE  ACCESSIBLE TO SELLERS INCLUDING, BUT NOT LIMITED TO,
 POSTING SUCH NOTICE ON THE CONSUMER PROTECTION DIVISION'S WEBSITE  IN  A
 FORMAT AVAILABLE FOR SELLERS TO PRINT AND DISPLAY.
   §  2.  This  act  shall  take  effect on the same date and in the same
 manner as a chapter of the laws of 2022 amending  the  general  business
 law  relating  to  providing notice of potential scams when selling gift
 cards, as proposed in legislative bills numbers S. 145-B and  A.  266-A,
 takes effect.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04305-01-3

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