Ask Reggi Your Question Now
Can you summarize ARCO 5-37-207?
Offenses Generally > Fraudulent use of a credit card or debit card.
Short Summary
This legal document, found in the Arkansas Code, addresses the offense of fraudulent use of a credit card or debit card. It states that a person commits this offense if they use a stolen, revoked or cancelled, forged, or unauthorized credit card, credit card account number, debit card, or debit card account number with the purpose to defraud. The severity of the offense depends on the value of all moneys, goods, or services obtained within a six-month period. It can range from a Class B felony for amounts exceeding $25,000, to a Class A misdemeanor for amounts equal to or less than $1,000. The document does not mention any exemptions. The purpose of this offense is to deter and punish individuals who engage in fraudulent activities using credit or debit cards.
Whom does it apply to?
Any person who uses a credit card, credit card account number, debit card, or debit card account number with the purpose to defraud
What does it govern?
Fraudulent use of a credit card or debit card
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Class B felony if the value of all moneys, goods, or services obtained during any six-month period is $25,000 or more; Class C felony if the value is less than $25,000 but more than $5,000; Class D felony if the value is $5,000 or less but more than $1,000; Class A misdemeanor if the value is $1,000 or less
Jurisdiction
Arkansas