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Can you summarize WARC 9A.56.290?
Theft and robbery. > Credit, payment cardsUnlawful factoring of transactions.
Short Summary
This section of the Revised Code of Washington governs the crime of unlawful factoring of credit card or payment card transactions. It outlines various actions that constitute unlawful factoring, including using scanning devices or reencoders without permission to access or transfer information encoded on a payment card, presenting fraudulent credit card or payment card transaction records to a financial institution, and causing others to engage in such conduct. The section also specifies that normal transactions conducted by certain travel agents are exempt from being considered factoring. Violations of this section are classified as class C or class B felonies, depending on the circumstances.
Whom does it apply to?
Any person who engages in unlawful factoring of credit card or payment card transactions
What does it govern?
Unlawful factoring of credit card or payment card transactions
What are exemptions?
Normal transactions conducted by or through airline reporting corporation-appointed travel agents or cruise-only travel agents recognized by passenger cruise lines are not considered factoring for the purposes of this section.
What are the Penalties?
Unlawful factoring of a credit card or payment card transaction is a class C felony. A second or subsequent violation of subsection (1) of this section is a class B felony.
Jurisdiction
Washington