R.A. 8484 "Access Devices Regulation Act of 1998"

Summary

The 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.