IOW LEG Gift Card Fraud Penalties

Updated on: Apr 24, 2025

Latest Event


  • Apr. 2025 IOW LEG Governor Approval
  • On Apr. 18, 2025, IOW LEG reported governor approved bill, effective Jul. 1, 2025.

On Mar. 19, IOW LEG passed bill concerning theft, fraud on gift cards.

  • IOW LEG issued SF 266 to set penalties for theft, forgery and fraud involving gift card.
  • Provisions codified new section IOW LEG 7142D on crimes involving gift cards.
  • Bill Provisions
  • Created new criminal offenses and established new penalties for gift card fraud.
  • Provided that the value of retail merchandise received by a person in violation of bill within any 6-month period may be aggregate, defendant will be charged accordingly.
  • Legislative History
  • On Feb. 11, 2025, bill introduced in Senate; on Mar. 12, 2025, bill passed Senate.
  • On Mar. 12, 2025, bill was introduced in House; on Mar. 19, 2025, bill passed House.
  • Effectiveness
  • Upon approval by the governor, SB 266 will be effective as of Jul. 1, 2025.
  • Apr. 2025 IOW LEG Governor Approval
  • On Apr. 18, 2025, IOW LEG reported governor approved bill, effective Jul. 1, 2025.
Regulators
IOW LEG
Entity Types
Bank; CNSM; Corp
Reference
Act, 4/18/2025; Bill SF266, 3/19/2025;
Functions
Compliance; Financial; Fraud; Legal
Countries
United States of America
Category
State
N/A
Products
Banking; Corporate
Rule Type
Final
Regions
Am
Rule Date
Mar 19, 2025
Effective Date
Jul 1, 2025
Rule ID
247951
Linked to
N/A
Reg. Last Update
Apr 18, 2025
Report Section
US Consumer