Just as a reminder, the December 31 enforcement date is fast approaching for the FTC’s Red Flags Rule. The rule went into effect in 2008, but the enforcement date is December 31, 2010.

All financial institutions and creditors, including mortgage brokers and lenders, are required to comply with the Red Flags Rule to help fight identity theft.

• If you do already have a Red Flag policy, you are required to review it annually and make any necessary changes.

• If you don’t already have a Red Flag policy, you need to have one in place by December 31.

You can find more in depth information about the Red Flags Rule on the FTC’s website:

http://ftc.gov/bcp/edu/pubs/articles/art10.shtm


If you need a policy, you can write the policy yourself or we can create one for you. Visit our website to learn more:

http://www.mortgagecomplianceadvisors.com/index.php/services/red-flags-rule-implementation-services


Have more questions? Email us at info@mortgagecomplianceadvisors.com or call 877-250-5243.

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