The provisions of this chapter shall not apply to certificates issued in paper form, prepaid telecommunications cards, open loop gift cards, rechargeable cards, and card that are not marketed or identified as gift cards, cards issued as an award or promotional program, which do not require a disbursement of money in exchange, or those gift cards that have been purchased on a date prior to the effective date of this act. The provisions of this chapter shall not apply to gift cards, of any type, that were issued and/or administered by a bank in Puerto Rico.
History —Mar. 19, 2015, No. 31, § 7.