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Section 4-59-502 - Remission to acquirer of record of sale not made by remitter — Arkansas Law | CourtGPT
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  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
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  7. Subchapter 5 - Factoring of Financial Transaction Card Records of Sale/
  8. Section 4-59-502 - Remission to acquirer of record of sale not made by remitter
Arkansas Legal Code

Section 4-59-502 - Remission to acquirer of record of sale not made by remitter

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(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.(b) Any person violating this section is guilty of a Class C felony.Acts 1991, No. 785, § 2.