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Gift Card Ratings
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New Mexico Gift Card Law

Last updated on April 15, 2010
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Rating

What we like:

  • Post-sale fees not allowed
  • New Mexico has legally defined the notion of a gift card
  • New Mexico has legally specified whether or not gift cards escheat to the state
  • Any expiration must be clearly stated on the gift card

What could be better:

  • Gift cards may expire 5 years from purchase date
  • Merchants are not required to give cash back
  • After 5 years from purchase date, the value will escheat to the state on December 31st
  • New Mexico does not maintain a consumer-centric web page dedicated to gift card laws

Heads up! ScripSmart attempts to make all information accurate. ScripSmart is only a guideline and does not provide definitive statements of the law. If you have questions about the law's application to a particular case, direct them to a specialist.

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The following types of gift cards are excluded form New Mexico Gift Card Law:

Bank Cards, Cards sold at a discount to employers or non-profits for fund raising purposes, Free loyalty/promotional cards, Phone Cards

New Mexico Attorney General Information

Attorney General: Gary King (D)
Phone: 1-505-827-6000
http://www.nmag.gov/

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