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Can you summarize 9 VTST Chapter 105?
Commerce and Trade > CREDIT CARDS
Short Summary
This legal document, part of the Vermont Statutes on Commerce and Trade, governs credit card transactions. It applies to persons involved in credit card transactions, including cardholders, card issuers, and law enforcement officers. The document defines key terms used in credit card transactions and establishes provisions related to the unauthorized use of credit cards, possession of credit cards issued to another, and obtaining money or property through fraudulent means. Violations of the provisions can result in fines and imprisonment, depending on the value of the obtained money, property, services, or other things of value. The document also includes provisions for the seizure and return of credit cards by law enforcement officers. No specific exemptions are mentioned in the document. Overall, this document provides the framework and terminology for credit card transactions in Vermont.
Whom does it apply to?
Persons involved in credit card transactions, including cardholders, card issuers, and law enforcement officers
What does it govern?
Credit card transactions
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
For violating section 4043 of this title: - If the aggregate value of the obtained money, property, services, or other things of value is $50.00 or less: fine of not more than $500.00 or imprisonment of not more than six months, or both. - If the aggregate value of the obtained money, property, services, or other things of value exceeds $50.00: fine of not more than $1,000.00 or imprisonment of not more than one year, or both. For possessing a credit card issued to another with the intent to use it without the cardholder's consent: fine of not more than $500.00 or imprisonment of not more than six months, or both.
Jurisdiction
Vermont