Retailers must print any limitations on gift cards and certificates

(TRENTON)-Governor James E. McGreevey today signed Assembly Bill 555, which requires retailers to conspicuously print terms and limitations on gift certificates, otherwise, consumers can redeem its value at any time.

"This consumer friendly law will allow New Jerseyans to get the true value of their dollar," said McGreevey. "Anyone who has received or purchased a gift certificate or gift card that does not specifically state the expiration date or other limitations will now be able to redeem it at any time."

According to the legislation, unless a gift certificate, or more commonly, a gift card, states the expiration date or other limitations directly on it, a consumer will be able to redeem its value at any time. Additionally, the conditions and limitations must be fully disclosed and printed clearly on the certificate or card.

"By requiring retailers to clearly print the terms and limitations on the certificate or card, we can ensure that shoppers are being treated fairly," stated McGreevey.

Sponsored by Assemblymen Anthony Impreveduto (D-Bergen/Hudson) and Rafael Fraguela (D-Hudson), the bill unanimously passed the Assembly (70-0) on February 11th and unanimously passed the Senate (39-0) on March 7th.

The law, which is not retroactive, will take effect on the first day of the fourth month following enactment, September 1, 2002 and will be enforced by the Division of Consumer Affairs.