Does Your Company Have To Comply?

Does Your Company Have To Comply?

1. Do you defer payments from clients for goods or services?

2. Do you allow repayment from thru multiple transactions or payments?

3. Do you run/authorize/use background and/or credit checks on either
****potential or hired employees?

4. Does your business make “loans” to any of your executives or employees?

Y E S

If you answered YES to any of the above questions,
you MUST comply with the Red Flags Rule!

Why? Because the Rule applies to a “creditor” who defers payment for goods or services from a consumer and offers “covered” accounts:

Any business or organization offering or creating financial situations for consumers that pose “a reasonably foreseeable risk of identity theft, or a risk of loss to the business or organization”.

********************************************************************** *************