SS/SCS/SB 98 - This act creates the offense of financial institution accounts fraud. A person commits this offense if the person uses any false or fraudulent pretenses, representations, or promises, or any physical device, any electronic device or means of any kind, or any fraudulent scheme or coercion to cause moneys to be withdrawn or taken from a financial institution or a customer account at a financial institution or to cause moneys to be transferred or paid by the financial institution to another person or another financial institution with the purpose to deprive the financial institution or the financial institution's customer of the custody or control of the funds.

The offense of financial institution accounts fraud is punishable as a class B misdemeanor for any amount up to $500. For any amount of $500 or more, the offense is punishable as follows:

• If a person acts with criminal negligence it is a class E felony;

• If a person acts recklessly it is a class D felony;

• If a person acts knowingly it is a class C felony; and

• If a person acts purposefully it is a class B felony.

SCOTT SVAGERA

Statutes affected:
Introduced (0678S.01): 570.148
Committee (0678S.03): 570.148
Perfected (0678S.04): 570.148

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 98
Sponsor: Crawford
Hearing Date: 2/4/2025


COMMITTEE: Insurance and Banking

CHAIRMAN: Crawford

DATE REFERRED: 1/23/2025 DATE HEARING REQUESTED: 1/24/2025



STAFF:
Barbara Mustoe
Scott Svagera
Eric Vander Weerd


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Emily Lewis - Missouri Bankers Association
Ray Bozarth - Missouri Credit Union Association


WITNESSES AGAINST: