2020 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

Universal Citation: AR Code § 4-59-502 (2020)
  1. (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.

  2. (b) Any person violating this section is guilty of a Class C felony.

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