R.A. 8484 "Access Devices Regulation Act of 1998"
Summary
TLDRThe video script discusses the Devis Regulation Act 8484 of 1998, focusing on unauthorized access devices like card numbers and personal IDs used to obtain money, goods, or services. It features experts like Authority Mar Subba, CPA, and Attorney Marlo. The script outlines penalties for credit card fraud, including fines and imprisonment, and mentions a case involving the production and trafficking of counterfeit devices.
Takeaways
- 📜 The discussion revolves around the 'Rep Act 8484' or 'Access Devices Regulation of 1998'.
- 🎓 The first guest mentioned has a background from S College, graduated in 1970, and is associated with 'Power Rangers'.
- 👩⚖️ The second guest is a lawyer named Marlo, who graduated in 1967.
- 🔐 'Access devices' include credit/debit cards, account numbers, PINs, and other means to access financial services.
- 🚫 The regulation prohibits unauthorized use of access devices to obtain money, goods, or services.
- 💳 There's a mention of a case involving unauthorized credit card applications and the production of counterfeit devices.
- 📞 A scenario is described where a call to 911 is made regarding a credit card issue.
- 💵 Penalties for violations include fines and imprisonment, with the severity depending on the value obtained from the offense.
- 🏛️ The script mentions a case involving criminal investigation and detection related to unauthorized access devices.
- 🚨 The penalties for trafficking in unauthorized access devices can range from 6 to 20 years imprisonment, depending on the circumstances.
Q & A
What is REP Act 8484?
-REP Act 8484, also known as the 'Access Devices Regulation Act of 1988,' is a law that criminalizes the unauthorized use of access devices such as credit cards, debit cards, and other financial instruments.
Who is Authority Mar Subba?
-Authority Mar Subba is presumably an expert or a guest speaker mentioned in the script, possibly involved in the discussion about REP Act 8484.
What is the significance of the year 1970 mentioned in the script?
-The year 1970 might refer to the graduation year of Authority Mar Subba from a college, indicating her background and possibly her expertise in the field being discussed.
What does 'soe, access, devices Partners' refer to in the script?
-The phrase 'soe, access, devices Partners' seems to be a part of the discussion on access devices and their misuse, potentially referring to partners or entities involved in the distribution of such devices.
What constitutes an 'access device' under REP Act 8484?
-An 'access device' under REP Act 8484 includes credit cards, debit cards, any card number, code, account number, personal identification number, or other means of access to an account that can be used to obtain money, goods, services, or other property.
What is the penalty for trafficking in unauthorized access devices as per the script?
-The penalty for trafficking in unauthorized access devices can range from fines to imprisonment for not less than 6 years but not more than 10 years, or in some cases, not less than 12 years but not more than 20 years.
What is the context of the 'short break' mentioned in the script?
-The 'short break' likely refers to a pause in a live broadcast or presentation where the discussion on REP Act 8484 is taking place.
What does 'Umi City panga' refer to in the script?
-The term 'Umi City panga' is unclear from the context provided, but it might refer to a specific case or incident related to the misuse of access devices.
What is the significance of the numbers '3 2 1' in the script?
-The numbers '3 2 1' could be a countdown typically used in live broadcasts to signal the start of a segment or to capture the audience's attention.
What is the meaning of 'Section credit card appliation' in the script?
-This seems to be a part of the discussion on the legal provisions related to credit card applications, possibly detailing the requirements or rules for applying for a credit card.
What does 'SSG' stand for in the context of the script?
-The acronym 'SSG' is not clearly defined in the script, but it might refer to a specific term or organization related to financial regulations or law enforcement.
Outlines
📜 Introduction to Rep Act 8484
The script introduces the topic of discussion for the day, which is Rep Act 8484, also known as the Devis Regulation, App of 1998. The video features a guest, Authority Mar Subba, CPA, who is introduced along with another individual, possibly an attorney named Marlo. The discussion seems to be about access devices, which include credit card data, account numbers, and personal identification numbers, and how they can be used to obtain money, goods, services, or other benefits. The script also mentions a short break and a live report from a police station, suggesting an ongoing investigation.
💳 Credit Card Application and Fraud
Paragraph 2 discusses the process of applying for a credit card and the information required for such an application, which should be in writing and include details about fees, balance calculation methods, cash advance fees, and other obligations. It also touches upon the issue of unpaid credit card debts and the potential consequences of credit card fraud, including legal implications and the involvement of law enforcement.
🚨 Penalties for Unauthorized Access Devices
This paragraph outlines the penalties for using unauthorized access devices, which can include imprisonment for a term not less than 6 years and not more than 10 years, or even up to 20 years for more severe cases. The value obtained by the offense and the number of offenses are factors that influence the severity of the punishment. The paragraph also mentions the prohibition of trafficking in unauthorized access devices and the relevant legal sections.
🚫 Prohibition of Trafficking in Access Devices
The final paragraph reiterates the prohibition against trafficking in access devices, which is defined as unauthorized devices used to gain access to financial accounts. The penalties for such actions are outlined, with fines ranging from 10,000 to 20,000, and imprisonment terms. The paragraph also refers to Section 15 of a legal document, suggesting further details on the prohibition and penalties.
Mindmap
Keywords
💡REP ACT 8484
💡Access Device
💡Credit Card Application
💡Unauthorized Access
💡Penalties
💡Identity Theft
💡Personal Identification Number (PIN)
💡Fraud
💡Investigation
💡Imprisonment
💡Criminal Investigation and Detection Group
Highlights
Introduction of the Devis Regulation Act 8484 of 1998.
Welcome to Authority Mar Subba, CPA.
Welcome to Attorney Marlo.
Definition of access devices under the regulation.
Explanation of prohibited acts under the regulation.
Penalties for unauthorized use of access devices.
Case discussion on credit card fraud.
Details on the manufacturing and distribution of counterfeit access devices.
The importance of written credit card applications.
Information required for a credit card application.
Consequences of using unauthorized access devices.
The value obtained by unauthorized use and its legal implications.
Severity of penalties for repeat offenses.
Discussion on the former University scholar's case.
Criminal investigation and detection group's involvement.
Definition of an authorized access device.
Penalties for trafficking in unauthorized access devices.
The regulation's impact on preventing financial fraud.
Transcripts
now our issue for today is all about rep
act 8484 also known as devis regulation
app of 1998
so so to help us um we have here
our
so one by
one
up i p her name first one is she
graduated from s colge
1970
sing her own la Power Rangers and oh yes
please help and
welcome Authority Mar subba
CPA the next one
is
the year
1967
please please help me welome again a
round of applause attorney
Marlo and please
welcome University of the
ph65 please give
us great
Prov other so
thisy advance
soe
access
devices Partners in
sucha
so devices are any card dat code account
number EMP serial number personal
identification
number or other than
Communication service equipment or other
means of access account that can be used
to obtain money Goods services or other
or any other things that is in uh
intended to transfer
F so we'll be back after a short break
but in the first Cas
Umi City panga
so
3 2
1 live from
cityst
super Nelson spokes police Regal
office
and investigation
for
card
producing traff
controlive device forment
without
EMP
whichs the manufactur distribution of so
you, or or twice the
one events whichever is
higher
next call let's call
911
3 2
1
is
hello
hell hello
hello um
card
under Section credit card
appliation any application to open a
credit card account for any person under
open and
credit
or telephone should in writing or or as
it me with the foll
information
personate the and under
fees bance calulation method cash
advance
feting
obligation
ba sir Sal po
Sal next
color
hello hello
hello
um regarding the unpaid credit card what
are
the S SG means and and
C
that value to the use of an device which
ISO or to gain and there is considered
as more than
10,000 for
and
then
uh 10,000 or tce the value obained by
the off ever higher and imprisonment for
not less than 6 years but not more than
10 years if
ever and
then or
t or incre not less than 12 years but
not more than 20 years
or number
8484
prohibited
r484
um so if ever not
good go to our last Cas my a former
University scholar SAA credit card FR sh
okay 3 2
1
inspector criminal investigation and
detection
groupal that
for
princess
um you
prohibited which
is is traff one or more an authorized
access device what authorized device
is
soen is a of 10,000 or
20,000 4,000
under section 15 uh
Dev
ad
C
an
so
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