Tex. Bus. & Com. Code Section 604.002
Inapplicability of Chapter

This chapter does not apply to a stored value card that:

(1)

is issued by:

(A)

a financial institution acting as a financial agent of the United States or this state;

(B)

a federally insured financial institution, as defined by Section 201.101 (Definitions), Finance Code, if the financial institution is primarily liable for the card as the issuing principal; or

(C)

an air carrier holding a certificate of public convenience and necessity under Title 49, United States Code;

(2)

is issued as a prepaid calling card by a prepaid calling card company regulated under Section 55.253 (Telephone Prepaid Calling Services), Utilities Code;

(3)

is distributed by the issuer to a person under an awards, rewards, loyalty, incentive, rebate, or promotional program and is not issued or reloaded in exchange for money tendered by the cardholder;

(4)

is sold below face value or donated to:

(A)

an employee of the seller or issuer;

(B)

a nonprofit or charitable organization; or

(C)

an educational institution for fund-raising purposes; or

(5)

does not expire and for which the seller does not charge a fee other than a fee described in Section 604.051 (Fees and Charges Related to Issuance and Handling of Card).
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Section 604.002 — Inapplicability of Chapter, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­604.­htm#604.­002 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 604.002’s source at texas​.gov