Section 14-4901 - [Effective 6/1/2025] Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Division " has the meaning stated in § 13-101 of this article.(c) "Merchant " has the meaning stated in § 13-101 of this article.(d) "Open-loop gift card" means a card, code, or device that is:(1) Issued to a consumer on a prepaid basis primarily for personal, family, or household purposes in a specified amount, regardless of whether that amount may be increased or reloaded in exchange for payment;(2) Payment card network branded; and(3)(i) Redeemable on presentation at multiple unaffiliated merchants for goods or services within the payment card network; or(ii)Usable at an automated teller machine.(e) "Third -party gift card reseller" means a merchant who, without authorization from or affiliation with the business entity issuing an open-loop gift card, is engaged in the business of: (1) Buying open-loop gift cards on behalf of consumers; or(2) Reselling open-loop gift cards to consumers.Added by 2024 Md. Laws, Ch. 463,Sec. 1, eff. 6/1/2025.