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Can you summarize MORS 407.434?
Merchandising Practices > Counterfeit credit cards, unlawful practices defrauding issuer authorization of acquirer.
Short Summary
This legal document, part of the Revised Statutes of Missouri under the section on Merchandising Practices, governs the unlawful practices related to counterfeit credit cards and defrauding issuers and acquirers. It applies to persons or employees who are authorized by an acquirer to provide money or merchandise when presented with a credit card by a cardholder. The document outlines several unlawful practices, including furnishing money or merchandise with the intent to defraud the acquirer using counterfeit, expired, revoked, or unauthorized credit cards. It also covers the failure to provide money or merchandise as represented to the issuer or acquirer with the intent to defraud, presenting false credit card transaction records, and causing unauthorized individuals to remit false credit card transaction records. The document does not specify the penalties for these unlawful practices.
Whom does it apply to?
Persons or employees authorized by an acquirer to furnish money or merchandise upon presentation of a credit card by a cardholder
What does it govern?
Counterfeit credit cards, unlawful practices related to defrauding issuers and acquirers
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties for engaging in unlawful practices related to counterfeit credit cards and defrauding issuers and acquirers are not specified in the provided document.
Jurisdiction
Missouri