When did CT mandate no expiration on gift certificates?
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While there are no national regulations governing gift cards, some states have enacted restrictions. California, Connecticut, Montana and Rhode Island, for example, prohibit expiration dates on gift cards, according to the National Conference of State Legislatures. Eleven states require card issuers to prominently disclose expiration dates. At least 10 states have adopted laws limiting service fees and inactivity fees.
Gift cards and gift certificates purchased by shoppers in Connecticut cannot have an expiration date or incur inactivity fees. A landmark 2003 Connecticut law, initiated and advocated by State Treasurer Denise Nappier and subsequently approved by the state legislature, made Connecticut one of the first states to provide consumers with important protections in the use of gift cards and gift certificates. In the past, prior to the Connecticut law, consumers would lose money from the value of gift cards and gift certificates due to monthly fees and other charges, and expiration dates. Public Act 03-1 (sections 66-84 inclusive) became law on August 16, 2003.
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