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Can you summarize LARS 14.67.11?
BY MISAPPROPRIATION WITHOUT VIOLENCE > Credit card fraud by persons authorized to provide goods and services
Short Summary
This legal document, found in the Louisiana Revised Statutes, specifically addresses credit card fraud committed by persons authorized to provide goods and services. The document defines key terms such as acquirer, cardholder, credit card, issuer, and provider. It prohibits providers from furnishing money, goods, services, or anything else of value upon presentation of a credit card obtained or retained in violation of this Section, or a credit card that the provider knows is forged or revoked. It also prohibits providers from failing to furnish what they have represented to an issuer or acquirer, presenting fraudulent credit card transaction records for payment, and causing a provider’s employee or authorized agent to remit a credit card transaction record that was not originated through a legitimate act between the cardholder and the provider. Violators of this Section may face imprisonment for up to fifteen years, a fine of up to fifty thousand dollars, or both.
Whom does it apply to?
Providers, issuers, acquirers, and cardholders
What does it govern?
Credit card fraud by persons authorized to provide goods and services
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Imprisonment for not more than fifteen years, or a fine of not more than fifty thousand dollars, or both
Jurisdiction
Louisiana