Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 760 - REVISED UNIFORM UNCLAIMED PROPERTY ACT
Subpart B - PRESUMPTION OF ABANDONMENT
Section 760.260 - Loyalty Cards
Universal Citation: 74 IL Admin Code ยง 760.260
Current through Register Vol. 48, No. 38, September 20, 2024
A loyalty card as defined in the Act is not a stored value card and is exempt from being reported and remitted. The exemption from the Act for loyalty cards does not apply to a "rebate card" as defined in Section 2LLL of the Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505 ] as rebate cards are given for the direct monetary consideration of the consumer's purchase of a product or service.
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