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

nica balatbat

3 Jan 201519:58

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

00:00

📜 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.

05:29

💳 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.

10:58

🚨 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.

16:01

🚫 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

REP ACT 8484, also known as the Identity Theft and Assumption Deterrence Act of 1998, is a United States federal law designed to combat identity theft. It is central to the video's theme as it discusses the legal implications of using unauthorized access devices, such as credit cards, to obtain money, goods, or services. The script mentions REP ACT 8484 in the context of penalties for unauthorized use of access devices.

💡Access Device

An 'access device' refers to any card, code, account number, or other means of access that can be used to obtain money, goods, or services. In the script, the term is used to describe items that are trafficked or used without authorization, which is a violation of REP ACT 8484.

💡Credit Card Application

A 'credit card application' is a request made by an individual or entity to a financial institution to open a line of credit. The script mentions that any application to open a credit card account must be in writing and include certain information, emphasizing the formal process and requirements for obtaining a credit card.

💡Unauthorized Access

Unauthorized access involves using someone else's access device without their permission, which is illegal. The video script discusses the consequences of unauthorized access, including potential imprisonment, highlighting the severity of such actions under the law.

💡Penalties

Penalties in the context of the video refer to the legal consequences for violating laws, such as REP ACT 8484. The script outlines specific penalties, including fines and imprisonment, for using unauthorized access devices to commit fraud.

💡Identity Theft

Identity theft is the fraudulent acquisition and use of a person's private identifying information. The video's theme revolves around laws designed to deter identity theft, such as REP ACT 8484, which aims to protect individuals from this crime.

💡Personal Identification Number (PIN)

A PIN is a secret numeric password used to authenticate a user to a system. In the script, PINs are mentioned as part of the access devices that can be used to commit fraud, emphasizing the need for secure handling of personal information.

💡Fraud

Fraud is the criminal act of deceiving others for personal gain or to cause loss. The video script discusses various forms of fraud, such as credit card fraud, which involves using unauthorized access devices to obtain money or services.

💡Investigation

Investigation in the script refers to the process of examining and probing into the details of a crime, such as unauthorized use of access devices. It is part of the legal process to gather evidence and build a case against the offenders.

💡Imprisonment

Imprisonment is the state of being confined in a prison as a punishment for a crime. The script mentions imprisonment as a penalty for violating REP ACT 8484, indicating the seriousness of the offense and the intent of the law to deter such crimes.

💡Criminal Investigation and Detection Group

The Criminal Investigation and Detection Group (CIDG) is a law enforcement agency responsible for investigating crimes. In the script, the CIDG is mentioned in the context of investigating and detecting crimes related to unauthorized access devices, showcasing their role in enforcing the law.

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.