Can you summarize SCCL 37-5-303?

Short Summary

(1) For the purposes of this section: (a) ‘credit card’ means a seller credit card or a lender credit card or similar arrangement as defined in this title; and (b) ‘debit card’ means a card or device issued by a supervised financial organization pursuant to an arrangement whereby the card or device enables the customer to obtain cash, goods, services or anything else of value. (2) Any person who knowingly uses or attempts or conspires to use any counterfeit, altered, forged, lost, stolen or fraudulently obtained credit or debit card to obtain money, goods, services or anything else of value is guilty of a misdemeanor and shall be fined not more than five thousand dollars or imprisoned not more than one year, or both. HISTORY: 1976 Act No. 686 Section 42.

Jurisdiction

South Carolina

Source

• Banking