State Legislation News

Posted Friday, August 22, 2008 by judy

The Federal Trade Commission has suspended enforcement of the new "Red Flags Rule" until December 1, 2010 to give creditors and financial institutions additional time in which to develop and implement written identity theft prevention programs.

THE FEDERAL TRADE COMMISSION'S RED FLAGS RULE requires every U.S. auto dealer to develope, implement, and maintain a written, comprehensive identity theft prevention program that specifically outlines the dealership's plan to protect customer information. This Red Flag regulation applies to every dealer, regardless of size. You can print the forms off our website. Look at the menu and you will see the Red Flag Rule. Additional information, including compliance materials on the Rule can be obtained by visiting www.niada.com.