2008-11-22T12:36:44Z http://blog.illinois-bankruptcy-attorney.com/atom.aspx Quick Blogcast tag:blog.illinois-bankruptcy-attorney.com,2008-01-02:db10ad24-3fae-4363-8566-49b001021be0 Andy Miofsky 2008-01-02T23:13:28Z 2008-01-02T22:39:00Z HB 369, Public Act 095-0525, requires businesses to honor that promise and to provide full value for a period not less than 5 years.  In the past, some merchants charged a fee or forfeited the remaining amount on the card if the entire balance was not used at the time of the purchase.  Other merchants charged a monthly fee on the unused balance of the card.  In those examples, merchants received full payment in exchange for the card, but did not provide full value to the consumer.  Under the new law it is a consumer fraud and deceptive business practice act violation to sell a gift card in violation of the above terms.  The law does make an exception for cards issued for food products, telecommunication cards and cards issued for redemption by multiple sellers.  Violations of the law should be brought to the attention of the Illinois Attorney General or your Illinois consumer law attorney.



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