Minnesota Credit and Debit Card Fraud
Credit card and debit card fraud is a commonplace crime in the 21st century. With many people using their bank cards instead of cash or checks for everyday transactions, the theft of the cards or the electronic theft of the card number and PIN can negatively impact consumer and financial institutions alike.
The Minnesota credit card and debit card fraud laws are outlined in the table below.
|Code Section||Minnesota Statutes Section 609.821 – Financial Transaction Card Fraud|
|What Is Prohibited?||In Minnesota, it’s illegal to do any of the following credit and debit card related activities:
For anyone authorized by a card issuer to furnish money, goods, services, or anything of value to the public, it’s illegal to do either of the following:
Penalties for the above types of credit, debit, and public assistance card fraud are punished in the following ways:
For using a card without its owner’s consent, using a fake card, forging or signing documents for card transactions, or retailers or business owners that provide or don’t provide items of value fraudulently:
For selling a card or possessing two or more fake cards or cards issued to others, the penalty is at most 3 years in prison and a fine up to $5,000.
For providing false information to receive a card or public assistance benefit or for falsely claiming a card has been lost or stolen to defraud anyone, the penalty is either:
|Defenses||Several defenses may be relevant to you or a loved one’s financial card fraud related crime. A few that may apply are:
Note: State laws change often, it’s important to verify the accuracy of the laws you're researching.
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