{"data":{"id":"us-tx/tex.-business-commerce-code-604.002","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 604.002","heading":"INAPPLICABILITY OF CHAPTER.","body":"This chapter does not apply to a stored value card that:\n(1) is issued by:\n(A) a financial institution acting as a financial agent of the United States or this state;\n(B) a federally insured financial institution, as defined by Section 201.101, Finance Code, if the financial institution is primarily liable for the card as the issuing principal; or\n(C) an air carrier holding a certificate of public convenience and necessity under Title 49, United States Code;\n(2) is issued as a prepaid calling card by a prepaid calling card company regulated under Section 55.253, Utilities Code;\n(3) is distributed by the issuer to a person under an awards, rewards, loyalty, incentive, rebate, or promotional program and is not issued or reloaded in exchange for money tendered by the cardholder;\n(4) is sold below face value or donated to:\n(A) an employee of the seller or issuer;\n(B) a nonprofit or charitable organization; or\n(C) an educational institution for fund-raising purposes; or\n(5) does not expire and for which the seller does not charge a fee other than a fee described in Section 604.051.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS","CHAPTER 604. SALE OR ISSUANCE OF STORED VALUE CARD","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.604.htm#604.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"8697c5f2a6be3b1016c90830c471f34b8f3702406193d3ec5b2ea9e2c0e811ce","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-604.001","next":"us-tx/tex.-business-commerce-code-604.003"},"notice":"GroundRules: Original legal text. Not legal advice."}