• No expiration dates and no fees, with one exception.

• Permits a $1 per month fee only when the card has a balance of $5 or less, the card has been unused for 24 months, and the card is reloadable.

•Covers gift cards usable at a single store or chain. Multiple-use gift cards are not covered.

Connecticut:

• No expiration dates.

• No inactivity fees.

Hawaii:

• No expiration within the first two years.

• No fees.

Illinois:

• Discourages expiration dates and service fees by exempting funds for cards without expiration and fees from escheat.

Iowa

• No fees unless there is a written contract between the card issuer and the holder of the gift card.

Kansas

• No expiration for one year

• No fees for one year

• Does not cover prepaid cards purchased from banks.

• Becomes effective January 1, 2007.

• No expiration for one year

• No fees for one year

• Does not cover general use prepaid cards usable with multiple unaffiliated merchants or at ATMs.

• No expiration dates shorter than five years.

• No service fees, except for a one-time handling fee of $1.

• Covers cards issued to be redeemed in goods or services provided by the card seller.

Maine:

• No expiration dates.

• No fees unless printed on the card, allowed by written contract with the card owner, and not unconscionable.

Massachusetts:

• No expiration for the first seven years.

• Attorney General has stated that inactivity fees violate the state’s rule against expiration within the first seven years.

Maryland:

• No expiration for the first four years..

• No fees for the first four years.

• Fees that do apply after the first fours years must disclosed on the certificate or card, attached sticker, or envelope, and may not be changed except to benefit the consumer.

• Does not apply to cards processed through a national debit or credit card service that are usable at multiple unaffiliated sellers of goods or services.

Nebraska

• Discourages expiration dates and fees through application of escheat law.

• For gift cards over $100, no expiration earlier than the date the funds escheat to the state.

• For gift cards of $100 or less, no expiration dates.

• No fees on cards of any amount.

New Jersey:

• Cards are “valid until presented.”

• All other restrictions must be conspicuously printed on the card.

• Covers cards issued by retail merchandise establishments.

New York:

• No monthly service fees before 13th month of dormancy.

Nevada:

• No fees for the first 12 months.

• After 12 months, fees may not exceed $1 per month.

• Covers gift cards usable at a single store or chain. Multiple use cards are not covered.

Montana

• No expiration dates.

• No fees.

• No expiration in the first two years.

• No fees for the first two years.

• Covers cards “issued by a merchant” for the future delivery of goods or services. Does not cover cards usable with multiple unaffiliated merchants.

• No expiration for the first five years.

• No service fees, with one exception.

• Permits a $1 per month fee only when the card has a balance of $5 or less, the card has been unused for 24 months, and the card is reloadable.

• Covers cards usable at a single retailer or chain. Multiple use cards are not covered.

• Effective date November 1, 2006

• No expiration dates.

• No monthly or annual service or maintenance fees.

South Carolina:

• No expiration within the first year.

• Fees permitted but must be disclosed on certificate, envelope, covering, or receipt.

Tennessee:

• Card issuer is exempt from turning unused funds over to the state if the card has no expiration date and no dormancy fees.

Vermont:

• No expiration within the first three years.

• No fees, except a licensed money transmitter, financial institution or credit union may charge a one time issuance fee the smaller of $10 or 10%.

Washington:

• Prohibits expiration dates and all fees, with one exception.

• Permits a $1 per month fee only when the card has a balance of $5 or less, the card has been unused for 24 months, the card is reloadable, and the fee is disclosed on the card.

• Does not apply to gift cards issued by a financial institution or its operating subsidiary if usable at multiple unaffiliated sellers of goods or services.