§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.