BAD CHECKS AND CREDIT CARDS - NCJRS TRANSLATION

• NCJ Number: 32514
• Author(s): H D BOSLY
• Date Published: 1975
• Length: 20 pages
• Sponsoring Agency: US Dept of Justice; US Dept of Justice NIJ Pub
• Corporate Author: National Institute of Justice/NCJRS
• Publication Format: Document
• Language: English
• Country: United States of America
• Note: TRANSLATED BY NELSON ROSE FROM AN ORIGINAL WORK IN FRENCH FROM REVUE DE DROIT PENAL ET DE CRIMINOLOGIE, V 54, N 2-3 (NOVEMBER-DECEMBER 1973), MINISTRY OF JUSTICE OF BELGIUM, BRUSSELS

Annotation

HISTORY OF THE DEVELOPMENT OF CHECK-GUARANTEE CARDS, DESCRIPTION OF HOW THEY ARE USED, AND ANALYSIS OF THEIR STATUS IN TERMS OF EXISTING BELGIAN LAWS REGARDING FRAUD AND BAD CHECKS.

Abstract

THE CHECK-GUARANTEE CARD IS ENJOYING CONSIDERABLY GREATER SUCCESS IN BELGIUM THAN CREDIT CARDS OF THE BANKAMERICARD OR AMERICAN EXPRESS CARD TYPE. PAYMENT ON CHECKS WRITTEN BY THE HOLDER OF SUCH A CARD IS GUARANTEED BY THE INSTITUTION ISSUING THE CARD. THE HOLDER CAN OBTAIN CASH UP TO A DETERMINED AMOUNT AT BANKING AND CREDIT INSTITUTIONS IN 32 COUNTRIES UNDER THE EURO-CHEQUE AGREEMENT. HE ALSO HAS AUTOMATIC CREDIT UP TO A DETERMINED AMOUNT. THE AUTHOR DISCUSSES THE LEGAL IMPLICATIONS OF THESE CARDS AS REGARDS CONTRACTS OPENING A LINE OF CREDIT, REVOLVING CREDIT, BAD CHECKS, FRAUD COMMITTED BY MEANS OF CHECK-GUARANTEE CARDS, ETC., CITING JUDICIAL DECISIONS. HE CONCLUDES THAT THESE CARDS HAVE NOT CAUSED AN INCREASE IN CRIME OR EXCESSIVE INDEBTEDNESS AMONG THEIR HOLDERS, AND THAT THE CARDS DESERVE THE SUPPORT OF THE CRIMINAL LAW. FOR THE ORIGINAL OF THIS DOCUMENT IN FRENCH, SEE NCJ-28804.