2012 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 5 - Contracts, Notes, And Other Commercial Instruments
Chapter 59 - Fraud
Subchapter 5 - -- Factoring of Financial Transaction Card Records of Sale
§ 4-59-502 - Remission to acquirer of record of sale not made by remitter.
(a) A person authorized by an acquirer to furnish money, goods, services, or anything else of value upon presentation of a financial transaction card or a financial transaction card account number by a cardholder, or any agent or employee of such person, who, with intent to defraud the issuer, acquirer, or cardholder, remits to an issuer or acquirer, for payment, a financial transaction card record of a sale, which sale was not made by such person, his or her agent or employee, is guilty of financial transaction card fraud.
(b) Any person violating this section is guilty of a Class C felony.
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