THE MICHIGAN PENAL CODE (EXCERPT) Act 328 of 1931
750.157u Causing deviceholder to be charged or overcharged. Sec. 157u.
A person to whom a deviceholder presents a financial transaction device for the purpose of obtaining goods, property, services, or anything of value on credit, or for any purpose for which the device may be used, who, by using the financial transaction device, by forging or aiding in the forgery of the deviceholder's signature, or by filling out or completing an application or form to be furnished to the issuer of the financial transaction device, causes the deviceholder to be charged for a purchase or other transaction that was not authorized by the deviceholder, to be overcharged for a purchase or other transaction that was authorized by the deviceholder, or to otherwise incur a financial loss, is guilty of a felony.
History: Add. 1967, Act 255, Eff. Nov. 2, 1967 ;-- Am. 1987, Act 276, Eff. Mar. 30, 1988
Simplified Explanation of Michigan Penal Code Section 750.157u
This portion of the Michigan Penal Code is about causing a cardholder to be unjustly charged or overcharged. Here's a simplified explanation:
If you're a person to whom a cardholder gives their financial transaction device (like a credit or debit card) in order to get goods, services, or anything else of value, or for any other reason that the card can be used for, and you:
- Use the financial transaction device in a way that results in the cardholder being charged for something they didn't authorize,
- Forge or help forge the cardholder's signature,
- Fill out or complete an application or form that will be given to the issuer of the financial transaction device in such a way that it results in the cardholder being charged for a purchase they didn't authorize,
- Overcharge the cardholder for a purchase or other transaction that they did authorize,
- Or cause the cardholder to lose money in any other way,
then you are committing a felony. Basically, it means that if you cause someone to lose money through unauthorized or inflated charges using their financial transaction device, you are committing a serious crime.