Texas Business And Commerce Code Title 12, Chapter 604 - Sale Or Issuance Of Stored Value Card

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 604.001 - Definition Of Stored Value Card
  In this chapter, "stored value card": (1) means a record, as defined by Section 322.002, including a record that contains a microprocessor chip, magnetic strip,...
• Texas Section 604.002 - Inapplicability Of Chapter
  This chapter does not apply to a stored value card that: (1) is issued by: (A) a financial institution acting as a financial agent of...

SUBCHAPTER B PERMISSIBLE FEES

• Texas Section 604.003 - Cause Of Action Not Created
  This chapter does not create a cause of action against a person who issues or sells a stored value card. Added by Acts 2007, 80th...
• Texas Section 604.051 - Fees And Charges Related To Issuance And Handling Of Card
  If disclosed as required by Subchapter C, the issuer of a stored value card may impose and collect a reasonable: (1) handling fee in connection...

SUBCHAPTER C REQUIRED DISCLOSURES

• Texas Section 604.052 - Fees Or Charges That Decrease Unredeemed Balance Of Card
  The issuer of a stored value card may impose or collect a periodic fee or other charge that causes the unredeemed balance of the card...
• Texas Section 604.101 - Required Disclosure Of Certain Matters Applicable To Card
  An expiration date or policy, fee, or other material restriction or contract term applicable to a stored value card must be clearly and conspicuously disclosed...
• Texas Section 604.102 - Required Printing Of Certain Disclosures
  In addition to the disclosure required under Section 604.101, a disclosure regarding the expiration of a stored value card or a periodic fee that reduces...

SUBCHAPTER D REDEMPTION OF CERTAIN LOW-VALUE CARDS

• Texas Section 604.103 - Validity Of Card Sold Without Required Disclosures
  A stored value card sold without the disclosure required by this subchapter of an expiration date or policy, fee, or other material restriction or contract...
• Texas Section 604.151 - Applicability Of Subchapter
  (a) This subchapter does not apply to a stored value card: (1) described by Sections 604.002(1)-(3); (2) issued as a refund for merchandise returned without...
• Texas Section 604.152 - Cash Refund For Low-value Card
  If a stored value card is redeemed in person to make a purchase and a balance of less than $2.50 remains following the redemption, at...

Last modified: September 28, 2016