Maryland § 14-4901

§ 14-4901.

    (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.