Title
Policy - Identity Theft Prevention Program
History
In November 2007, the Federal Trade Commission (FTC) finalized the Red Flags Rule pursuant to the Fair and Accurate Credit Transactions Act of 2003. Under the Rule, financial institutions and creditors with covered account must have written identity theft prevention programs that will identify, detect and respond to patterns, practices or specific activities that could indicate identity theft. Any municipality that offers utility services is considered a “creditor” under this regulation and is required to establish an Identify Theft Program by May 1, 2009. As the Village of Orland Park offers utility services, as well as pool and Sportsplex memberships and recreation program registration, we are required to follow the guidelines of the Red Flags Rule.
Therefore, attached you will find a draft of the Village’s Identity Theft Prevention Program that complies with the requirements of the Red Flags Rule. As dictated by the Rule, staff is requesting that the Village Board formally approve this policy.
On April 27, 2009, this item was reviewed and approved by the Finance Committee and referred to the Board for approval.
Financial Impact
None
Recommended Action/Motion
I move to approve the Village of Orland Park Identity Theft Prevention Program.