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RA 10962 (Gift Check Act of 2017) Section 5

RA 10962 (Gift Check Act of 2017) Section 5

Prohibitions.

Section 5

SEC. 5. Prohibitions.- The following acts shall be unlawful: (a) Issuing a gift check that bears an expiry date; (b) Imposing an expiry date on the stored value, credit, or balance of the gift check; or (c) Refusing to honor the unused value, credit, or balance stored in the instrument.

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Other provisions in RA 10962 (Gift Check Act of 2017)

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 10962 (Gift Check Act of 2017) Section 5 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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