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  1. – 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:

  2. 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.

  3. 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:

  4. Republic Act No. 8484 (“RA 8484”) otherwise known as “AN ACT REGULATING THE ISSUANCE AND USE OF ACCESS DEVICES, PROHIBITING FRAUDULENT ACTS COMMITTED RELATIVE THERETO, PROVIDING PENALTIES AND FOR OTHER PURPOSES” punishes a person who uses an access device, particularly a credit card, without the authority of its owner.

  5. In the final analysis, the law basically seeks to address the issue of fraud in the issuance and use of access devices, especially credit cards. Fraud may be committed by the issuer by making false or vague information in the application or solicitation to open credit card accounts.

  6. 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.

  7. 1 Ιουν 2022 · Under Section 9 of RA 8484 in relation to Section 3 of RA 11449, obtaining money or anything of value through the use of an access device (such as credit card), with intent to defraud or with intent to gain and fleeing thereafter is a prohibited act punishable by imprisonment of at least 4 to 6 years, and a fine that is double that value of the ...

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