Legal

Laws Of Fraud In Case Of Credit And Debit Cards In Virginia

By Brown Book 15 May, 2024 368
Laws Of Fraud in Case of Credit and Debit Cards in Virginia

Virginia has several criminal laws that relate to credit and debit card fraud and they fall into three categories: Stealing a credit card, using a stolen credit card, and using a counterfeit credit card.

Credit Card Theft

Virginia law prohibits a person from stealing either another person's credit card or just a credit card number without a consent from the card holder. You as well can be found having the purpose to actually use it or sell it. To further the credit card theft crime in Virginia, it involves not only purchasing or selling cards or card numbers without due authorization but also misusing a buyer’s credit or debit card without their prior consent.

That the card or card number, should be proved to the court to have been wrongfully taken from its actual owner to have been received knowingly by the defendant or who in his-her possession, he/she had knowledge that it had been taken and with the intent to either use, sell or transfer it. It is possession of numerous credit cards without the consent of the holder just as possession of pay or credit card numbers of another person not belonging to him/her that amounts to a violation.

Credit Card Fraud

When it comes to the credit card fraud, the major difference is that to commit credit card fraud, a defendant should actually obtain some goods or services or return deposit without authorization, unlike, in the case of credit card theft, the defendant just needs to use another person credit card. Here, the offence begins to look in the fact of just trying to spend a card which has been stolen. For example, a person is guilty of credit card fraud if he or she intends to defraud any person and does the following:

  • Trying to exchange a goods-release form or verify a previous order with expired or revoked credit card/card number.
  • The fraud happens when the con practitioner pretends to be the credit card/ number owner and then acquires something of value in the context.
  • Place the deception statement at the beginning of the sentence and explain how it can lead to potentially high values.
  • Rather, you spend more than your card credit limit or the amount allowed for the draft activity by intendedly signing on top end of the money allocated to you.

Credit Card Forgery

Credit card forgery occurs when a person commits any of the following acts with the intent to defraud:

  • Creating a personal data for credit card
  • signing the back of someone’s credit card
  • There is also the risk of changing a normally valid credit card because of the distressing incidents that often accompany a natural disaster
  • Using an invented or fake subject of a sales draft, female or male draft, or pay draft

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What Should You Do If You Are a Victim:

1. File a missing person's report.

2. Through notifying your credit card company, you can avoid paying more than you need to due to fraud. Mark out the date, time, and name of the person who reported loss or theft. Once you report the loss or theft to your bank, you’re not responsible for any authorized fee transactions that you didn’t authorize. your maximum liability under federal law is $50 per card.

3. Contact the three major credit card bureaus:

  • Experian: 1-888-397-3742

 

  • Equifax: 1-800-766-0008

 

  • TransUnion: 1-877-322-8228

4. You are no longer eligible for getting credit card offers (via mail). Besides that, there are some security-related questions like your name, address and social security ID number that must be provided just for your request processing.

To make matters worse, Virginia's consumer and criminal laws may be too convoluted for some people to understand on their own. Therefore, if you need detailed information about a certain scenario, think of seeking the help of Skillful Lawyers in Consumer Protection and criminal defense issues.