Michigan House votes to give consumers more time to redeem gift cards

By: The Associated Press
By: The Associated Press

The state House has passed bills giving consumers more time to redeem gift certificates at stores.

The legislation approved Wednesday would prohibit selling gift certificates or gift cards that have expiration dates less than five years from the date of purchase.

Lawmakers also voted to stop retailers from tacking inactivity or other service fees onto gift certificates.

Retailers who violate conditions in the bills could be fined up to $25,000.

If enacted, the law won't take effect until September 2008. The bills now head to the Senate.

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