FACT ACT Training

FREE TRAINING OFFERED THROUGH SARMA

• New disposal rule for consumer data kick in
• New ID Theft Rule Covers Employers
• Paper shredding outfit has appetite for destruction
• Consumers Are Entitled to More Than Free Credit Reports
• Don't have a paper shredder? It's time to invest in one. It's the law
• Do you own a shredder? You should. It's the law.

President Bush signed the “Fair and Accurate Credit Transaction Act of 2003” on December 4, 2003. SARMA, working with our industry group, Consumer Data Industry Association (CDIA), have attempted to clarify and define the requirements of the new law.(Red lined version available-upon request) SARMA offers FREE training to you and your staff on the FACT ACT.

The FACT Act amends the Fair Credit Reporting Act(FCRA). And as such increased the requirements on Credit reporting Agencies, Data Providers, and Data Users. The Federal Regulatory Agencies have finalized most new Fact Act specific rules, therefore we urge you to consult your own legal advisors about these new amendments.

What is covered in the training?

• Identity Theft & Identity Theft Report
• Initial Fraud Alerts
• Extended Fraud Alerts
• Consumer Data Blocking
• File Freezing
• Trade Line Blocking
• Free Consumer Disclosures
• Score Disclosure Requirements
• Employee Misconduct
• Modified and Deleted data
• Address Conflict Verification
• Use of Alerts
• Truncation of Account Numbers on receipts
• Re-Pollution of Blocked Data
• “Red Flag” Guidelines
• Debt Collections and Fraud Accounts
• Information Availability to Victims
• Medical Information Protection
• Affiliate Sharing
• Disclosure by Mortgage lenders
• and more

SARMA offers one of the most comprehensive FACT ACT trainings in the area. It is important for you and your staff to stay abreast of FACTACT requirements. Contact SARMA today to set up your training on site at 1-800-955-5238 X 1.