Red Flag Rules Effective August 1, 2009

Car and light truck dealers must create a written identity theft prevention program by August 1, 2009. The requirement stems from Federal legislation passed in 2003 (FACTA) and resulting regulations of the Federal Trade Commission.

Many different types of creditors must create identity theft programs including "banks, finance companies, automobile dealers, mortgage brokers, utility companies, and telecommunications companies."

Click here for a description of dealers' obligations.
Click here for a sample "bare bones" policy in pdf format.