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Can you summarize IACO 715A.6B?
FORGERY AND RELATED FRAUDULENT CRIMINAL ACTS > Credit card fraud minor involved.
Short Summary
This section of the Iowa Code addresses credit card fraud involving a minor. It defines a minor as any person under the age of eighteen. It is considered a public offense if a person applies for a credit card in the name of a minor without the consent of the minor’s parent, guardian, or legal custodian. However, adding a minor as an authorized user of the person’s credit card is not considered an offense. The offense of using a credit card obtained in violation of the previous subsection to secure or seek property or services is also addressed. The severity of the offense depends on the value of the property or services. If the value is greater than ten thousand dollars, it is a class ‘C’ felony. If the value is ten thousand dollars or less, it is a class ‘D’ felony. The determination of the value of property or services is provided in section 715A.6, subsection 3 of the Iowa Code.
Whom does it apply to?
Any person who applies for a credit card in the name of a minor without consent
What does it govern?
Credit card fraud involving a minor
What are exemptions?
Adding a minor as an authorized user of the persons credit card
What are the Penalties?
Class 'D' felony for applying for a credit card in the name of a minor without consent. Class 'C' felony if the value of property or services secured or sought to be secured by means of the credit card is greater than ten thousand dollars. Class 'D' felony if the value is ten thousand dollars or less.
Jurisdiction
Iowa