Senate Amendment 5222


PAG LIN




     1  1    Amend Senate File 2372 as follows:
     1  2 #1.  By striking everything after the enacting
     1  3 clause and inserting the following:
     1  4    <Section 1.  NEW SECTION.  555D.1  GIFT
     1  5 CERTIFICATES == DEFINITION.
     1  6    For purposes of this chapter, "gift certificate"
     1  7 means the same as defined in section 556.9, subsection
     1  8 2.
     1  9    Sec. 2.  NEW SECTION.  555D.2  GIFT CERTIFICATES ==
     1 10 FULL DISCLOSURE.
     1 11    A gift certificate shall contain on the face of the
     1 12 certificate or electronic gift card full disclosure of
     1 13 all of the following:
     1 14    1.  An expiration date after which the certificate
     1 15 or card cannot be redeemed.
     1 16    2.  Any fee or other charge which may be assessed,
     1 17 charged, or deducted from or with respect to the gift
     1 18 certificate.
     1 19    Sec. 3.  NEW SECTION.  555D.3  PENALTY.
     1 20    A violation of this chapter is an unlawful practice
     1 21 under section 714.16.>
     1 22 #2.  Title page, by striking lines 1 through 3 and
     1 23 inserting the following:  <An Act relating to the
     1 24 issuance of gift certificates by requiring full
     1 25 disclosure of expiration dates and fees, and making
     1 26 penalties applicable.>
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     1 29                               
     1 30 STEVE KETTERING
     1 31 JERRY BEHN
     1 32 SF 2372.701 82
     1 33 rn/nh/20716
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