Colorado § 6-1-722 - Gift certificates - validity - exemptions - definition.
Full text of Colorado Colorado Revised Statutes § 6-1-722 — Gift certificates - validity - exemptions - definition., with citation guidance and answers to common questions.
§ 6-1-722. Gift certificates - validity - exemptions - definition.
(1) (a) As used in this section, "gift card" means a prefunded tangible or electronic record of a specific monetary value evidencing an issuer's agreement to provide goods, services, credit, money, or anything of value. A "gift card" includes, but is not limited to, a tangible card; electronic card; stored-value card; or certificate or similar instrument, card, or tangible record, all of which contain a microprocessor chip, magnetic chip, or other means for the storage of information and for which the value is decremented upon each use. A "gift card" does not include a prefunded tangible or electronic record issued by, or on behalf of, any government agency; a gift certificate that is issued only on paper; a prepaid telecommunications or technology card; a card or certificate issued to a consumer pursuant to an awards, loyalty, or promotional program for which no money or other item of monetary value was exchanged; or a card that is donated or sold below face value at a volume discount to an employer or charitable organization for fundraising purposes.
(b) This section shall not apply to gift cards that are usable with multiple sellers of goods or services. This exception shall not apply to a gift card usable only with affiliated sellers of goods or services.
(2) On and after August 11, 2010, the issuer shall redeem the remaining value of a gift card for cash if the amount remaining is five dollars or less on request of the holder.
(3) It is unlawful for any person or entity to sell to a purchaser a gift card that contains a service fee, a dormancy fee, an inactivity fee, a maintenance fee, or any other type of fee.
(4) A violation of this section is an unfair or deceptive trade practice as provided in this article 1.
Source: L. 2010: Entire section added, (SB 10-155), ch. 180, p. 647, § 1, effective August 11. L. 2026: (4) amended, (HB 26-1426), ch. 334, p. 2000, § 23, effective August 12.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 6-1-722
What does Colorado Revised Statutes § 6-1-722 cover?
Section 6-1-722 ("Gift certificates - validity - exemptions - definition.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 6-1-722?
A common citation format is "Colorado Revised Statutes § 6-1-722" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 6-1-722 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.