CODE OF VIRGINIA

CREDIT CARD FACTORING (§ 18.2-195.1)

A. Any authorized person who presents to the issuer or acquirer for payment a
credit card or credit card number transaction record of a sale which was not
made by such person or his agent or employee, without the express authorization
of the acquirer and with intent to defraud the issuer, acquirer or cardholder,
is guilty of a Class 5 felony.  If such act is done without authorization of the
acquirer but without intent to defraud, he shall be guilty of a Class 1
misdemeanor.

B. Any person who, without the express authorization of the acquirer and with
intent to defraud the issuer, acquirer or cardholder, employs or otherwise
causes an authorized person to remit to an acquirer or issuer a credit card
transaction record of sale that was not made by the authorized person is guilty
of a Class 5 felony. If such act is done without the authorization of the
acquirer but without intent to defraud, he shall be guilty of a Class 1
misdemeanor.

C. As used in this section, “authorized person” means a person
authorized by the acquirer to furnish money, goods, services or anything else of
value upon presentation of a credit card or credit card number by a cardholder
and includes an agent or employee of a person having such authority.

HISTORY: 1991, c. 546.