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(a) No person, by deception, shall cause another to execute any writing that disposes of or encumbers property, or by which a pecuniary obligation is incurred.
(b) Whoever violates this section is guilty of securing writings by deception, a misdemeanor of the first degree. Securing writings by deception is a felony and shall be prosecuted under appropriate State law if:
(1) The value of the property or obligation involved is one thousand dollars ($1,000) or more; or
(2) The victim of the offense is an elderly person or disabled adult.