The Federal Trade Commission (FTC) issued rules that require “financial institutions” and “creditors” holding consumer or other “covered” accounts to develop and implement an identity theft prevention program. Enforcement of these rules, referred to as the “Red Flags” Rule (Rule), is effective November 1, 2009.

Compliance Measures

Forms

(SAMPLE) Checklist for Red Flags Protocols
(SAMPLE) Written Policy and Procedures
(SAMPLE) Letter for Compromised Social Security Number

Disclaimer
The information contained herein does not establish a standard of care, nor is it a substitute for legal advice. The information and suggestions contained here are generalized and may not apply to all practice situations. First Professionals recommends you obtain legal advice from a qualified attorney for a more specific application to your practice. This information should be used as a reference guide only.