Can you summarize NERS 28-621?

Short Summary

This provision under the Nebraska Revised Statutes governs the offense of criminal possession of a financial transaction device. It applies to any person who possesses or controls a financial transaction device issued to a different account holder or knows or reasonably should know that the device is lost, stolen, forged, altered, or counterfeited, with the intent to defraud. The penalties for this offense vary based on the number of devices possessed: possession of one device is a Class III misdemeanor, possession of two or three devices is a Class IV felony, and possession of four or more devices is a Class IIA felony.

Whom does it apply to?

Any person who possesses or controls a financial transaction device issued to a different account holder or knows or reasonably should know that the device is lost, stolen, forged, altered, or counterfeited

What does it govern?

Criminal possession of a financial transaction device

What are exemptions?

No exemptions are mentioned.

What are the Penalties?

Class III misdemeanor for possession of one financial transaction device, Class IV felony for possession of two or three financial transaction devices, Class IIA felony for possession of four or more financial transaction devices

Jurisdiction

Nebraska

Source

NERS 28-621 [https://reggi.cloud.regology.com/regulations/US-NERS/US-NERS_C_28_S_621]

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