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Can you summarize LARS 14.67.22?
BY MISAPPROPRIATION WITHOUT VIOLENCE > Fraudulent acquisition of a credit card
Short Summary
This legal document, found in the Louisiana Revised Statutes, specifically addresses the fraudulent acquisition of a credit card. It defines a credit card as any instrument or device issued by an issuer for the use of a cardholder in obtaining money, goods, services, or anything of value on credit. The document prohibits making false statements about identity or that of any other person, firm, or corporation with the intent to procure the issuance of a credit card. Violation of this provision constitutes fraudulent acquisition of a credit card, punishable by a fine, imprisonment, or both. Upon a third or subsequent conviction, the penalties increase. In addition to the penalties, a person convicted of this offense must make full restitution to the victim and any other person who suffered a financial loss. The court may order a periodic payment plan if the convicted person is found to be indigent. This document aims to deter and penalize fraudulent practices related to credit card acquisition.
Whom does it apply to?
Any person who makes or causes to be made a false statement for the purpose of procuring the issuance of a credit card
What does it govern?
Fraudulent acquisition of a credit card
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
A fine of not more than three thousand dollars, or imprisonment for not more than ten years, or both. Upon a third or subsequent conviction, imprisonment for not more than ten years, or a fine of not more than twenty thousand dollars, or both. Additionally, full restitution to the victim and any other person who has suffered a financial loss as a result of the offense.
Jurisdiction
Louisiana