New FACT Act Rules and Regulations - Part 2 of a 2 Part Series
11-Aug-2008
New rules and regulations under the Fair and Accurate Credit Transactions Act of 2003 will go into effect this Fall.
The Identity Theft Red Flags and Address Discrepancy Rules go into effect on November 1, 2008. These rules require any users of credit reports to alert the appropriate authorities in the event a credit report contains an address discrepancy. These rules further require businesses or persons who access credit reports for their clients or customers to establish policies and procedures to protect against identity theft.
To find out whether these new regulations affect your brokerage firm, logon to the NAR website, click on the Government Affairs section, and search FACT Act Affiliate Marketing Regulations.
Source: NAR Website (www.realtor.org)
New rules and regulations under the Fair and Accurate Credit Transactions Act of 2003 will go into effect this Fall.
The Identity Theft Red Flags and Address Discrepancy Rules go into effect on November 1, 2008. These rules require any users of credit reports to alert the appropriate authorities in the event a credit report contains an address discrepancy. These rules further require businesses or persons who access credit reports for their clients or customers to establish policies and procedures to protect against identity theft.
To find out whether these new regulations affect your brokerage firm, logon to the NAR website, click on the Government Affairs section, and search FACT Act Affiliate Marketing Regulations.
Source: NAR Website (www.realtor.org)
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