Αποτελέσματα Αναζήτησης
– Any application to open a credit card account for any person under an open-end credit plan or a solicitation to open such an account, either by mail, telephone or other means, shall disclose in writing or orally, as the case may be, the following information:
6 Μαΐ 2024 · Overdue debt can lead to small claims court proceedings, and RA 8484 outlines regulations for credit access devices. However, the law is primarily concerned with fraud and deceit, not genuine financial hardship.
7 Οκτ 2024 · RA 8484 is a law that is often misunderstood and misapplied, particularly by creditors seeking to collect unpaid debts. While it is a powerful tool for combating fraud involving access devices, it does not criminalize the mere inability to pay a loan.
Indubitably, credit and debit cards are access devices covered by RA 8484. The law prohibits what is called “device fraud,” such as producing, using, trafficking in one or more counterfeit access devices; using, with intent to defraud, an unauthorized access device; using an access device fraudulently applied for; possessing one or more ...
4 Απρ 2024 · How does RA 8484 protect consumers from credit card fraud? By criminalizing fraudulent activities related to access devices, RA 8484 deters such crimes and provides mechanisms for the prosecution of offenders, thus protecting consumers.
11 Φεβ 2021 · – Any application to open a credit card account for any person under an open-end credit plan or a solicitation to open such an account, either by mail, telephone or other means, shall disclose in writing or orally, as the case may be, the following information:
RA 8484 was Originally Filed in Congress to Punish Credit Card Fraud. Tracing the history of RA 8484, it will be discerned that the law was actually enacted to protect the public from fraudulent credit card transactions.
