Identity theft is stealing an individual’s identity, and according to Michigan identity theft laws, it is a serious crime, which follows several stringent laws and penalties.
The laws surrounding Identity theft fraud in Michigan include the following:
->This identity theft law comes under Michigan compiled laws § 445.61, et seq.
->It is in general classified as a felony, and the penalties, in general, are as follows.
- 1st offense – Fine up to $25,000 and imprisonment for 5 years.
- 2nd offense – fine up to $50,000 and 10 years of imprisonment.
- 3rd and any subsequent offense – fine up to $75,000 and imprisonment of 15 years.
->The identity theft laws do not apply to those individuals obtaining identity information lawfully.