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State Sen. David Carlucci (D-Rockland/Westchester) greeted shoppers at the mall Friday to let them know about new state laws concerning gift cards that were signed in September.
The new law delays the point in which fees may be charged for unused gift cards, and prevents an expiration of fewer than five years from the date it was issued.
"Many consumers are unaware of hidden fees associated with gift cards. This law will help unknowing consumers save money," Carlucci said.
The law extends the time period in which fees can be charged to unused card balances from 13 to 25 months and waives any monthly service fees that are applied after 25 months if the gift card is used within three years of the date it was issued.
"It is especially important to make consumers aware of their rights during the holiday season when there are so many unfortunate scams out there designed to deceive shoppers," Carlucci said.
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