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Can you summarize NCGS Chapter 14, Subchapter V, Article 19B?
OFFENSES AGAINST PROPERTY. > Financial Transaction Card Crime Act.
Short Summary
The Financial Transaction Card Crime Act, outlined in the North Carolina General Statutes, governs the use and misuse of financial transaction cards. It defines key terms related to financial transaction cards and applies to various entities involved in financial transaction card transactions. The Act prohibits actions such as taking, obtaining, or withholding a card without consent, receiving a lost card, selling or buying a card from someone other than the issuer, and using scanning or skimming devices. Penalties for financial transaction card theft and forgery are specified. Law enforcement officers and government agents are exempt from the prohibition on possessing skimming devices when acting within the scope of their official duties.
Whom does it apply to?
Business organizations, financial institutions, merchants, cardholders, and issuers involved in financial transaction card transactions
What does it govern?
Financial Transaction Card Crime Act
What are exemptions?
Law enforcement officers and government agents are exempt from the prohibition on possessing skimming devices when acting within the scope of their official duties
What are the Penalties?
Penalties for financial transaction card theft and forgery are as specified by G.S. 14-113.17(b)
Jurisdiction
North Carolina