SB4038 - Tennessee - Consumer Protection

Companion Bill HB4023. Consumer Protection - Prohibits the diminution in value of gift cards and gift certificates. - Amends TCA Title 47, Chapter 18. Fiscal Summary for SB4038 / *HB4023Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for SB4038 / *HB4023 Under this bill, any gift certificate or gift card would retain its full unused value until presented in exchange for merchandise; no gift certificate or gift card would expire until the full unused value of the certificate or card has been spent; and no dormancy fee may be charged against a gift card or gift certificate. A violation of this bill would be an unfair or deceptive act or practice affecting the conduct of any trade or commerce [...]

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