§14–4904.

The Division shall: (1) Create a model notice regarding open– and closed–loop gift cards for use by merchants that: (i) Cautions a consumer about gift card scams; (ii) Instructs a consumer on what to do if the consumer suspects the consumer may be a victim of a gift card scam; and (iii) Indicates a gift card may not be used to pay debt; (2) Issue guidelines regarding the detection and prevention of open– and closed–loop gift card fraud that include: (i) Information that raises public awareness about gift card fraud; (ii) Information about how common gift card fraud schemes work; and (iii) Best practices for a merchant to prevent gift card fraud; and (3) Make available online and periodically update the model notice and guidelines required under this section.