Proposed ID theft rules affect industry.NAA/NMHC have submitted comments to the Federal Trade Commission (FTC FTC See Federal Trade Commission (FTC). ) on a proposed rule to reduce identity theft. The rule, known as the Identity Theft Red Flags and Address Discrepancy DISCREPANCY. A difference between one thing and another, between one writing and another; a variance. (q.v.) 2. Discrepancies are material and immaterial. , is required to implement some provisions of the 2003 Fair and Accurate Credit Transactions Act Under the Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA, Pub.L. 108-159) which was passed by the United States Congress on December 4 2003 as an amendment to the Fair Credit Reporting Act, consumers can request and obtain a free credit report (FACT Act). While most of the provisions are directed toward financial institutions and other traditional creditors, the apartment industry has some compliance obligations, especially when accessing an individual's credit report. This proposed rule seem to define what reasonable policies firms should have to follow if a firm uses a consumer report to verify a consumer's identity and are notified by a consumer reporting agency of a serious address discrepancy. NAA/NMHC's comments encouraged the FTC to recognize as reasonable policies the resident screening practices currently employed by the apartment industry and discouraged the adoption of stricter standards. Information compiled by NAA/NMHC Joint Legislative Staff: Senior Vice President for Government Affairs Jim Arbury; Vice President of Housing Policy Lisa Blackwell; Vice President of Capital Markets and Technology David Cardwell; Vice President of Properly Management Jeanne McGlynn Delgado; Vice President of Communications Kim Duty; Vice President of Environment Eileen Lee; Tax Advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in Howard Menell; Vice President of Building Codes Ron Nickson; Chief Economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the Mark Obrinsky; and Director of Properly Operations Belay be·lay v. be·layed, be·lay·ing, be·lays v.tr. 1. Nautical To secure or make fast (a rope, for example) by winding on a cleat or pin. 2. Feigin Befus. |
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