Organized Retail Theft Prevention
Secondhand dealers - gift card transactions - record-keeping. The act requires secondhand dealers who purchase gift cards to keep a record of those purchases. Failure to record the purchases in an electronic database is a class 3 misdemeanor. The act requires pawnbrokers to record the identification number, retailer name, and value of each gift card sold. The act adds a gift card to the definition of a "valuable article", which triggers certain record-keeping requirements.
(Note: This summary applies to this bill as enacted.)