Ask Reggi Your Question Now
Can you summarize NERS 28-619?
CRIMES AND PUNISHMENTS > Issuing a false financial statement for purposes of obtaining a financial transaction device; penalties.
Short Summary
This provision, found in the Nebraska Revised Statutes under the Crimes and Punishments section, pertains to the offense of issuing a false financial statement for purposes of obtaining a financial transaction device. It applies to any person who files an application for a financial transaction device with an issuer. The offense can be committed in three ways: (a) knowingly making or causing to be made a false statement or report regarding name, occupation, financial condition, assets, or liabilities; (b) willfully and materially overvaluing assets; or (c) willfully omitting or materially undervaluing indebtedness with the intent of influencing the issuer to issue a financial transaction device. The penalties for this offense are as follows: guilty of a Class I misdemeanor if the false financial statement is used to obtain money, property, or services; guilty of a Class IV felony if two or more false financial statements are used to obtain two or more financial transaction devices.
Whom does it apply to?
Any person who files an application for a financial transaction device with an issuer
What does it govern?
Issuing a false financial statement for purposes of obtaining a financial transaction device
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Class I misdemeanor for issuing a false financial statement for the purposes of obtaining a financial transaction device; Class IV felony for issuing two or more false financial statements for purposes of obtaining two or more financial transaction devices
Jurisdiction
Nebraska