service fee

(3) Service fee (A) In general The term “service fee” means a periodic fee, charge, or penalty for holding or use of a gift certificate, store gift card, or general-use prepaid card. (B) Exclusion With respect to a general-use prepaid card, the term “service fee” does not include a one-time initial issuance fee.


15 USC § 1693l-1(a)(3)

Scoping language

In this section
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