Michigan — Statute

750.157s – Use of revoked or cancelled financial transaction device with intent to defraud | Michigan Law

Michigan law penalizes using revoked or canceled financial devices to commit fraud, with penalties based on the value involved and prior offenses.

Legal Content

Michigan State Law

750.157s – Use of revoked or cancelled financial transaction device with intent to defraud

Michigan Penal Code § 750.157s

Summary

Michigan law Section 750.157s criminalizes the use of revoked or canceled financial transaction devices with intent to defraud. Penalties vary based on the value of the goods or services obtained and prior offenses, ranging from misdemeanors to felonies. The law aims to deter fraudulent use of financial devices after notice of revocation or cancellation.

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Explain Like I'm 5

In simple terms: Michigan law penalizes using revoked or canceled financial devices to commit fraud, with penalties based on the value involved and prior offenses.. This means people must follow this rule, and breaking it can lead to criminal penalties.