“Closed loop stored value” defined.

Nev. Rev. Stat. § 671.0065
in effect
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“Closed loop stored value” means stored value that is redeemable by the issuer only for goods or services provided by the issuer, its affiliate or a franchisee of the issuer or its affiliate, except to the extent required by applicable law to be redeemable in cash for its cash value.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-671.htmlFetched: 10/4/2026

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