Gift Cards

Effective August 22, 2010, The Credit Card Accountability Responsibility and Disclosure Act (also known as “The Card Act”) will regulate gift cards, The Act will require that cards do not expire for five years after issuance, and the expiration date must be disclosed upfront.  That Card Act also bans dormancy or inactivity fees on gift cards unless there has been no activity in a 12-month period.

Please send your legal and consumer questions to elisha.abrams@gmail.com, or write to 2401 Pennsylvania Ave., Suite 1C-46, Philadelphia, PA 19130, Tel: 215-765-4828, Web Address: http://www.legallyinformed.com

Twitter: legallyinformed@twitter.com

© Elisha Hoffman Abrams and LegallyInformed’s Blog, 2009. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Elisha Hoffman Abrams and LegallyInformed’s Blog with appropriate and specific direction to the original content.

Information on this blog should not be relied on as legal advice, and does not create an attorney-client relationship.  An attorney-client relationship is not created until a retainer agreement is signed.

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