Are You "Red Flag" Ready?

On November 1, 2009 the Federal Trade Commission (FTC) began enforcing the Red Flag Rule, which will require that banks, credit unions, mortgage companies, consumer loan companies, auto dealers, utility companies, telecommunication companies as well as other creditors develop and implement a written Identity Theft Prevention Program as part of their organization's overall risk assessment process. To learn more about Red Flag and if this applies to your business..... Click Here!

Red Flag Compliance Toolkit for Mortgage Brokers!

Small Business Compliance Solutions has developed a comprehensive compliance toolkit to guide Mortgage Brokers to prepare and comply with the new Red Flag Rules that will take effect on August 1, 2009. This comprehensive toolkit includes:

Guidelines for performing your mortgage company Risk Assessment
Comprehensive mortgage industry Risk Catagories and Red Flags list
Understanding and idenfifying Covered Accounts for Mortgage Brokers
Guidelines for developing identity Theft Prevention Policies and Procedures for a Mortgage Broker
Identity Theft Prevention Program template for Mortgage Brokers

To learn more about Red Flag Rules for Mortgage Brokers and how to protect your borrowers and business through compliance..... Click Here!

Do You Have Customers Residing in Massachusetts? Learn what 201 CMR 17 Means!

If as part of your normal business practices you collect personal information from any resident of the Commonwealth of Massachusetts (even if you business is located in a different state or different country), you will need to comply with regulation 201 CMR 17 that will go into full affect on March 1, 2010. This regulation deals with the safe and secure collection, use, storage, distribution and transportation of personal information. To learn more about what 201 CMR 17 requires and if it applies to you..... Click Here!