Identity Theft Red Flags Training Course

The Red Flag Rules implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACTA).

Who must comply with Identity Theft Red Flags?

The Identity Theft Red Flag Rules apply to financial institutions and creditors which handle covered accounts. The Red Flags Rule empowers the FTC to impose civil penalties against companies without adequate identity theft programs in amounts up to $3,500 per knowing violation. The rules require every institution that handles covered accounts implement a documented identity theft prevention program. Relevant employee training must be provided as part of the program.

Where can I get Identity Theft Red Flag training for employees?

The Red Flags Identity Theft Training was developed by Compliance Specialists in the mortgage industry specifically for Mortgage Loan Originators, Processors or those who meet the requirements of Red Flag training. Many individuals in the mortgage industry require periodic Red Flag training (e.g., Tellers, Customer Services, New Accounts, and Executives). Our course is effective and engaging with material specific to individuals roles in the mortgage industry.