Gift Certificate Law

Posted on Apr 2, 2013 in General Retail Information, OCP

1/15/13 [OCP]

If you receive a gift certificate for your birthday or the holidays, you may be pleasantly surprised to learn that you do not have to use it immediately.

The gift certificate law provides additional protection for those who either buy or receive a gift certificate. The law states that any restaurant or other party involved in retail goods and services must honor its gift certificates for at least two years. If there is an expiration date, it must be listed on the gift certificate. Otherwise, the gift certificate should be honored so long as the company remains in business.

The law does not cover all vouchers or certificates issued by restaurants or retailers. Certificates sold at a discount or given as a bonus or premium are not covered. It applies only to certificates for which the issuer has received payment for the full face value.