§ 14–4901
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 14-4901 (2026)
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 49. Gift Card Fraud
§ 14–4901LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
“Closed–loop gift card” means a card, code, or device that is:
(1)
Issued to a consumer on a prepaid basis primarily for personal, family, or household purposes in a specified amount, regardless of whether that amount may be increased or reloaded in exchange for payment; and
(2)
Redeemable on presentation by a consumer at a single merchant or a group of affiliated merchants.
(c)
“Division” has the meaning stated in § 13–101 of this article.
(d)
“Merchant” has the meaning stated in § 13–101 of this article.
(e)
“Open–loop gift card” means a card, code, or device that is:
(1)
Issued to a consumer on a prepaid basis primarily for personal, family, or household purposes in a specified amount, regardless of whether that amount may be increased or reloaded in exchange for payment;
(2)
Payment card network branded; and
(3)
(i)
Redeemable on presentation at multiple unaffiliated merchants for goods or services within the payment card network; or
(ii)
Usable at an automated teller machine.
(f)
“Third–party gift card reseller” means a merchant who, without authorization from or affiliation with the business entity issuing an open– or a closed–loop gift card, is engaged in the business of:
(1)
Buying open– or closed–loop gift cards on behalf of consumers; or
(2)
Reselling open– or closed–loop gift cards to consumers.