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RED FLAG INFORMATION SECURITY and IDENTITY THEFT PLAN - Only $295.00
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Enforcement of the New "Red Flag Rule" delayed again!
The Federal Trade Commission on Wednesday July 29, 2009 announced that they will again delay enforcement of the new “Red Flags Rule”. The new deadline is November 1, 2009. This will give creditors and financial institutions more time to develop and implement written identity theft prevention programs. For entities that have a low risk of identity theft, such as businesses that know their customers personally, the Commission will soon release a template to help them comply with the law. Today’s announcement does not affect other federal agencies’ enforcement of the original November 1, 2008 compliance deadline for institutions subject to their oversight.
“Given the ongoing debate about whether Congress wrote this provision too broadly, delaying enforcement of the Red Flags Rule will allow industries and associations to share guidance with their members, provide low-risk entities an opportunity to use the template in developing their programs, and give Congress time to consider the issue further,” FTC Chairman Jon Leibowitz said.
To review the FTC's website - Click Here
The Identity Theft Red Flags Rule is a part of the Fair and Accurate Credit Transactions Act of 2003 (FACTA). Last year the FTC and five other federal agencies; the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision and the National Credit Union Administration established “Red Flag” rules that go into effect for financial institutions and creditors starting November 2008. Much public input produced an extensive rule is to minimize incidents of Identity Theft and Fraud related to the handling of customer's non-public information.
A company can't have a Red Flag rule if it doesn't already have an information security plan. We have combined information security, mortgage origination, processing and closing with this Red Flag program to provide a comprehensive program that can actually be put into use.
The product includes an employee training component. Without an employee training program any plan is useless, and does not meet the requirements of the law. We have not found another plan that provides this. We will perform the basic customization, and provide you with a instructions and recommendations for completing detailed changes, such as adding vendors.
- FACTA Required Plan - by August 1, 2009
- Specific to the Mortgage Industry
- Working with Vendors
- Safeguarding Data
- Red Flags in Origination
- Working with Borrowers
- Red Flags in Processing
- Closing/Funding Red Flags
- Servicing Red Flags
- Reporting
- Includes forms and Checklists for Implementing
- Includes free industry updates
- As an added value we will also send you our Employee Training Program Included free
Do you have a “Red Flag” Identity Theft Program in place? - Click Here
Article written by Ralph LoVuolo, Jr.
If you have any questions contact Fraudmit at 800-610-6680 or redflagplan@fraudmit.com
Buy Now - Only $295! Prepared in 24 hours!
You now can order your Red Flag Information Security and Identity Theft Plan on-line. Simply, click on the link below Add to Cart. All payments are made through Paypal; however, credit cards are also accepted even if you don't have a Paypal account.
Once your credit card information is confirmed you will receive an email from a Fraudmit specialist who will ask you questions that will help us to customizing a plan for your company. Plans on average are delivered in about 24 hours.
FOR THE BEST VALUE PURCHASE OUR "COMPLETE PACKAGE"
A tempest of new regulations and oversight requirement can overtake your business. In the 2008 and 2009 there have been more new regulations than in the past decade. Not only is it important to be following these regulations, but both Regulators and Investors are requiring that you have your policies and procedures written down.
Does your company comply?
- RESPA 2010 GFE Process
- HVCC Policy for Brokers or Lenders
- FACTA Red Flag Identity Theft
- FTC Information Security
- Predatory Lending (Ability to Repay)
- Truth-In-Lending Advertising
- Non-Traditional Loan Procedure
- Tangible Net Benefits
- "High Cost" Loans
These are all covered in our "Complete Package" Manuals:
Broker Package - $795.00 
Banker Package - $995.00
Banker Package - $995.00- Quality Control Manual
- Operations Manual
- Processing Manual
- Administration/HR Manual
- Red Flag Identity Theft Manual
Buy Broker Package ->Buy Banker Package ->
Buy Banker Package ->Learn about these other manuals click here.
If you have any questions please email us at quality@fraudmit.com
To order your company's customized
Quality Control Plan off line
call us at (800) 610-668
Because these products are delivered in "soft" electronic form and are generically customized to our company, Fraudmit cannot accept any returns. If there are technical difficulties in utilizing the product because of a defect, we will repair any general problems. Fraudmit's Quality Control Plan is copy written and licensed for exclusive use and may not to be redistributed to any other party or firm in whole or in part.
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- Quality Control Manual
- Operations Manual
- Processing Manual
- Underwriting Manual
- Closing Manual
- Administration/HR Manual
- Red Flag Identity Theft Manual
To see a list of some of the companies we have helped
