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Section 8. Failure to Disclose. – Credit card companies which shall fail to disclose the information required under Sections 4, 5 and 7 of this Act, after due notice and hearing, shall be subject to suspension or cancellation of their authority to issue credit cards by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission and ...
11 Φεβ 2021 · Finance Charges - represent the amount to be paid by the debtor incident to the extension of credit such as interest or discounts, collection fees, credit investigation fees, and other service charges;
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.
26 Οκτ 2007 · What is the “Access Devices Regulation Act of 1998”? It is Republic Act No. 8484, which is an act regulating the issuance and use of access devices and prohibiting the fraudulent acts committed relative thereto, among others.
This document is the text of Republic Act No. 8484, which was passed on February 11, 1998 to regulate the issuance and use of access devices like credit cards and debit cards. The law requires full disclosure of annual fees, interest rates, penalties and other charges associated with credit cards.
2 ημέρες πριν · Scenario: An individual unlawfully acquires another’s credit card and uses it to purchase goods. This constitutes both unauthorized use under RA 8484 and estafa under Article 315. Legal Implications: The accused may be charged under both statutes, with penalties being cumulative, depending on judicial discretion.
The purpose of the Access Devices Regulation Act of 1998, also known as Republic Act No. 8484, is to regulate the issuance and use of access devices in commercial transactions. The law aims to protect the rights of parties involved in these transactions and define their liabilities.
