SB 624 Modifies the crimes of stealing and fraudulent procurement of a credit or debit device
Sponsor: Libla
LR Number: 4888S.02T Fiscal Notes
Committee: Financial and Governmental Organizations and Elections
Last Action: 6/6/2016 - Signed by Governor Journal Page: S2298
Title: Calendar Position:
Effective Date: Varies
House Handler: Crawford

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Current Bill Summary

SB 624 - This act modifies provisions relating to stealing.

STEALING - 570.010 & 570.030

Under this act, it is a Class B felony to physically take or attempt to take property from a person when the property is owned by or in the custody of a financial institution. Physically taking property from a person is currently a Class D felony, unless the property is $25,000 or more in which case it is a Class C felony.

Financial institution is defined as a bank, trust company, savings and loan association, or credit union.

This act is identical to SB 790 (2016), HB 1594 (2016), and SCS/HB 254 (2015).


This act adds an element to the crime of fraudulent procurement of a credit or debit device. Under the new element, a person commits the Class A misdemeanor if he or she knowingly possesses a fraudulently obtained credit or debit device.

Under current law, business entities must not be held liable for accepting fraudulent applications for credit or debt devices or using fraudulent credit or debit devices in transactions without clear and convincing evidence that the business conspired with the fraudulent procuring of the credit or debit devices. This act specifies that such entities must not be held criminally liable without such evidence.

This provision takes effect January 1, 2017.

This provision is similar to HB 1992 (2016).