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Identity theft laws in Ohio: Things To Note

HomeIdentity Theft OhioIdentity theft laws in Ohio: Things To Note

The law the state of Ohio maintains on Identity fraud is strict as a result of the nature of the crime and the severity of the harm caused to individuals.

Identity fraud is a type of fraud that could cost people all their life savings if the perpetrator decides to wipe all the funds in their bank account with their own personal identifying information.

Identity Theft Laws In Ohio

The law the state of Ohio maintains on Identity fraud is strict as a result of the nature of the crime and the severity of the harm caused to individuals. Identity fraud is a type of fraud that could cost people all their life savings if the perpetrator decides to wipe all the funds in their bank account with their own personal identifying information.

The crime that is Identity theft has become more renowned in the current world of social media and email. Identity theft refers to the crime committed when an individual (otherwise known as “the perpetrator”) obtains the identifying information of another person (otherwise known as “the victim”) in order to open fraudulent accounts and commit other illegal acts. These identifying information include birth date, surname, mother’s maiden name and so on.

Stealing the identity of other people by the perpetrator is done in several ways which include going through the mail or trash of other people and making use of technological means.

Identity Fraud

Identity fraud is a crime that can take several forms to manifest. It could be in the form of

pretending to be the victim; representing the personal identifying information of the victim as the perpetrators own, possessing the personal identifying information of the victim.

The crime of identity fraud is regarded as a felony charge in the fifth degree.

Provided that the total amount of money obtained from this fraudulent activity is more than $1,000, the offense moves to a fourth-degree felony. It further moves to a third-degree felony if the total amount obtained is more than $7,500.

The total sum of money obtained has to be more than $15,000 and the charge moves to a second-degree felony, the punishment, however, ranges between two and eight years in prison along with a fee of a minimum of $150,000, with the restitution to pay the victim(s).

Security Freeze

In the state of Ohio, a victim and other consumers may submit a written request in the form of certified mail for a security freeze. This freeze will be administered on the credit report and information of the consumers of the state within a few days after the certified mail was received.

Security Freeze prevents creditors from being able to have access to the credit information and report of the consumers, which means no new amount can be removed from the consumers account without their knowledge.

Security Freeze also prevents the victims of Identify theft from making further financial transactions from their account. It is important, however, to check your credit report regularly, in order to know when your account is safe from theft and when it is not, and take necessary actions when you begin to have suspicions. Such action is the security freeze.

It is the obligation of the reporting agency to notify the consumer concerning the freeze when it is in place. They also provide a pin number to the consumer for use in future.

This notification would be forwarded to the consumer within five business days after the administration of the security freeze.

Penalties

When an individual is charged with:

5th-degree felony: For the most minor identity offense, including the ones without any financial loss

Jail time: six to  twelve months

Fine: up to $2,500. .

4th-degree felony: For identify fraud that results in a financial loss of less than $7,500

Jail time: six to eighteen months

Fine: up to $5,000.

3rd-degree felony: For identity fraud that results in a financial loss of $7,500 to $150,000

Jail time: nine months to 10 years

Fine: up to $10,000

2nd-degree felony: For identity fraud that results in a financial loss of more than $150,000  (for elderly or disabled victims and duty service member with a financial loss of between $7,500 and $150,000)

Jail time: two to eight years

Fine: $15,000

1st-degree felony: For the fraud of elderly or disabled victims and duty service member  that results in a financial loss of more than $150,000

Jail time: three to eleven years

Fine: $20,000

The crime that is Identity theft has become more renowned in the current world of social media and email.

Identity theft refers to the crime committed when an individual (otherwise known as “the perpetrator”) obtains the identifying information of another person (otherwise known as “the victim”) in order to open fraudulent accounts and commit other illegal acts.

These identifying information include birth date, surname, mother’s maiden name and so on.

Stealing the identity of other people by the perpetrator is done in several ways which include going through the mail or trash of other people and making use of technological means.

Identity Fraud

Identity fraud is a crime that can take several forms to manifest. It could be in the form of

pretending to be the victim; representing the personal identifying information of the victim as the perpetrators own, possessing the personal identifying information of the victim.

The crime of identity fraud is regarded as a felony charge in the fifth degree.

Provided that the total amount of money obtained from this fraudulent activity is more than $1,000, the offense moves to a fourth-degree felony. It further moves to a third-degree felony if the total amount obtained is more than $7,500.

The total sum of money obtained has to be more than $15,000 and the charge moves to a second-degree felony, the punishment, however, ranges between two and eight years in prison along with a fee of a minimum of $150,000, with the restitution to pay the victim(s).

Security Freeze

In the state of Ohio, a victim and other consumers may submit a written request in the form of certified mail for a security freeze. This freeze will be administered on the credit report and information of the consumers of the state within a few days after the certified mail was received.

Security Freeze prevents creditors from being able to have access to the credit information and report of the consumers, which means no new amount can be removed from the consumers account without their knowledge.

Security Freeze also prevents the victims of Identify theft from making further financial transactions from their account. It is important, however, to check your credit report regularly, in order to know when your account is safe from theft and when it is not, and take necessary actions when you begin to have suspicions. Such action is the security freeze.

It is the obligation of the reporting agency to notify the consumer concerning the freeze when it is in place. They also provide a pin number to the consumer for use in future. This notification would be forwarded to the consumer within five business days after the administration of the security freeze.

Penalties

When an individual is charged with:

5th-degree felony: For the most minor identity offense, including the ones without any financial loss

Jail time: six to  twelve months

Fine: up to $2,500. .

4th-degree felony: For identify fraud that results in a financial loss of less than $7,500

Jail time: six to eighteen months

Fine: up to $5,000.

3rd-degree felony: For identity fraud that results in a financial loss of $7,500 to $150,000

Jail time: nine months to 10 years

Fine: up to $10,000

2nd-degree felony: For identity fraud that results in a financial loss of more than $150,000  (for elderly or disabled victims and duty service member with a financial loss of between $7,500 and $150,000)

Jail time: two to eight years

Fine: $15,000

1st-degree felony: For the fraud of elderly or disabled victims and duty service member  that results in a financial loss of more than $150,000

Jail time: three to eleven years

Fine: $20,000

 

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