In a bid to curb the scourge of financial deceit, Maryland lawmakers have passed a new law aimed at those who stop or countermand payments on debts without the consent of the debtor. Chapter 648 of the Annotated Code of Maryland, effective April 16, 1920, makes it a crime to intentionally disregard or dishonor a payment instrument without the debtor’s permission.
The new law, which amends Section 17 of Article 97 of the Weights and Measures code, is a direct response to the growing problem of financial swindling in the state. Under the law, any person who obtains money, goods, or services with the intention of defrauding another will face stiff penalties.
According to the law, the fact that a payment was countermanded or dishonored without the debtor’s consent will be considered presumptive evidence of intent to cheat and defraud. This means that the burden of proof will shift to the accused, making it more difficult for them to defend themselves in court.
The punishment for violating this law will be severe, with fines or imprisonment, or both, to be determined by the court at its discretion. This new law sends a strong message to those who would seek to cheat and swindle innocent Marylanders, and we will be watching closely to see how it is enforced.
In a state already reeling from the economic aftershocks of the Great War, this law is a welcome addition to the arsenal of tools available to law enforcement. By cracking down on financial deceit, Maryland lawmakers are taking a crucial step towards protecting the rights and interests of its citizens.
As a journalist, I have seen firsthand the devastating impact of financial swindling on families and communities. This new law is a vital step towards preventing such tragedies from occurring in the future.
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Key Facts
- State: Maryland
- Category: White Collar Crime
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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