{"data":{"id":"us-md/md.-code-commercial-law-14-4901","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 14–4901","heading":"","body":"(a) In this subtitle the following words have the meanings indicated.\n(b) “Closed–loop gift card” means a card, code, or device that is:\n(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\n(2) Redeemable on presentation by a consumer at a single merchant or a group of affiliated merchants.\n(c) “Division” has the meaning stated in § 13–101 of this article.\n(d) “Merchant” has the meaning stated in § 13–101 of this article.\n(e) “Open–loop gift card” means a card, code, or device that is:\n(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;\n(2) Payment card network branded; and\n(3) (i) Redeemable on presentation at multiple unaffiliated merchants for goods or services within the payment card network; or\n(ii) Usable at an automated teller machine.\n(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:\n(1) Buying open– or closed–loop gift cards on behalf of consumers; or\n(2) Reselling open– or closed–loop gift cards to consumers.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=14-4901","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"39b18a3703603cea42edfbeeb2972dd115fa206db31a546c9ba8edd6a27f42dc","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-14-4813","next":"us-md/md.-code-commercial-law-14-4902"},"notice":"GroundRules: Original legal text. Not legal advice."}