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Virginia statute

Va. Code Ann. § 18.2-195.1 — Credit card factoring

Current through 2026 Regular Session

Part of Article 6: Offenses Relating to Credit Cards and Gift Cards, Code of Virginia.

Criminal charges under this statute

Full text of Va. Code Ann. § 18.2-195.1

Statutory text current through the 2026 Regular Session. This publication reproduces the text of the Code of Virginia from the official Virginia Law Portal API published by the Virginia General Assembly's Division of Legislative Automated Systems; it is not the official Code of Virginia.

Va. Code Ann. § 18.2-195.1Primary source, current through the 2026 Regular Session
A. Any authorized person who presents to the issuer or acquirer for payment a credit card or credit card number transaction record of a sale which was not made by such person or his agent or employee, without the express authorization of the acquirer and with intent to defraud the issuer, acquirer or cardholder, is guilty of a Class 5 felony. If such act is done without authorization of the acquirer but without intent to defraud, he shall be guilty of a Class 1 misdemeanor. B. Any person who, without the express authorization of the acquirer and with intent to defraud the issuer, acquirer or cardholder, employs or otherwise causes an authorized person to remit to an acquirer or issuer a credit card transaction record of sale that was not made by the authorized person is guilty of a Class 5 felony. If such act is done without the authorization of the acquirer but without intent to defraud, he shall be guilty of a Class 1 misdemeanor. C. As used in this section, "authorized person" means a person authorized by the acquirer to furnish money, goods, services or anything else of value upon presentation of a credit card or credit card number by a cardholder and includes an agent or employee of a person having such authority.

Official sources

Legal terms used in this section

Questions this section answers

Is credit card factoring a felony or a misdemeanor in Virginia?

It depends on the circumstances: credit card factoring ranges from a class 1 misdemeanor to a class 5 felony in Virginia under Va. Code Ann. § 18.2-195.1.

Authorized person presenting false sales record with intent to defraud: class 5 felony (Va. Code Ann. § 18.2-195.1A) · Authorized person presenting false sales record without intent to defraud: class 1 misdemeanor (Va. Code Ann. § 18.2-195.1A) · Causing authorized person to remit false sales record with intent to defraud: class 5 felony (Va. Code Ann. § 18.2-195.1B) · Causing authorized person to remit false sales record without intent to defraud: class 1 misdemeanor (Va. Code Ann. § 18.2-195.1B)

Which Virginia statute covers credit card factoring?

Credit card factoring is governed by Va. Code Ann. § 18.2-195.1 (Credit card factoring).

This reference is informational and is not legal advice.