Section 103.1 – Transaction or gift cards.

• (1) A retail business engaging in a transaction involving a transaction card or gift card issued by that retail business and that bears the branding of that retail business is not subject to this chapter.

• (2) A pawn or secondhand business may not purchase or pawn a gift card or transaction card.

• (3) This chapter does not prohibit a pawn or secondhand business from issuing or accepting as payment a gift card that:
  • (a) is issued solely by the pawn or secondhand business; and
  • (b) bears the brand or name of the pawn or secondhand business.

Enacted by Chapter 309, 2019 General Session