R.A. 10962

Republic Act 10962 or the Gift Check Act of 2017 http://www.officialgazette.gov.ph/downloads/2017/12dec/20171219-RA-10962-RRD.pdf is a law signed by President Rodrigo Duterte.

Prohibitions

 * 1) issuing gift checks that bears an expiry date


 * 1) imposing an expiry date on the stored value, credit, or balance of the gift check


 * 1) refusing to honor the unused value, credit, or balance stored in the instrument.

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