Plain English Breakdown
The bill title includes 'Georgia Tech Support Impersonation,' but the official summary only describes amending general chapters on forgery, fraud, and trade practices without explicitly defining those crimes as tech support scams in the provided text.
Georgia Tech Support Impersonation and Remote Access Protection Act
This law requires banks to let customers place emergency holds on suspected fraud, updates criminal laws regarding tech support scams, changes victim compensation rules, and tasks the Attorney General with creating public awareness about these crimes.
What This Bill Does
- Requires financial institutions to give customers a way to place emergency holds on transactions they suspect are fraudulent.
- Updates state trade practice laws related to selling and other business activities.
- Changes criminal code rules regarding forgery and fraud.
- Amends victim compensation laws in the Official Code of Georgia Annotated.
- Requires the Attorney General to create public awareness campaigns and training programs about certain financial crimes.
Who It Names or Affects
- Financial institutions that must provide emergency hold options for customers.
- Victims who may be eligible for compensation under updated laws.
- The Georgia Attorney General's office, which is tasked with creating education initiatives.
- Individuals involved in forgery or fraudulent practices covered by the amended criminal code.
Terms To Know
- Emergency hold
- A temporary action a financial institution takes to stop money from leaving an account when fraud is suspected, as required by this law.
- Victim compensation
- Financial assistance provided to people harmed by crimes, which the bill updates through changes to state laws.
Limits and Unknowns
- The official summary does not list specific dates when these new rules will start.
- The text mentions amending laws but does not detail exactly how much money victims can receive in compensation.
- The bill states it repeals conflicting older laws but does not name which ones are being removed.