dmv retro license plates may make a revival

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Retro license plate proposal on the move

California lawmakers can’t roll back gas prices or revive eight-track tape players, but they soon may offer motorists something else from decades past: replica license plates.

Assembly Bill 1658 would allow the Department of Motor Vehicles to issue plates resembling those of the 1950s, through ’80s for a fee – $50 initially, $40 per year – to cover administrative costs and raise money for environmental projects.

Assemblyman Mike Gatto, a Los Angeles Democrat who proposed the bill, said it capitalizes on nostalgia and recent production of retro-style vehicles. “What’s old is new,” he says, “and it might make the state a little money, too.”

Plates would not be issued by the DMV until 7,500 had been ordered by the public. They would come in three classic designs, with black lettering on a yellow background, or yellow lettering on either a black or blue background.

The new plates would not be exact reproductions, however. Current plates have seven digits, for example, while those of decades past had six. Reflectivity and font-type standards also have changed through the decades.

AB 1658 received bipartisan support in the Assembly Transportation Committee, 14-0, and is awaiting action in the Assembly Appropriations Committee.

got plates logo4

 

wow…..legal and licensed for under $ 300. per month ???

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+++++

we figure you will need $ 300. per month to legally operate

we estimate your wholesale

home based part time car dealer license

expenses below:

your car dealer bond $ 300.

your car dealer training $ 150.

your car dealer insurance $ 1800.

your car dealer license $ 150.

your car dealer plates $ 150.

your car dealer forms $ 200.

your car dealer office expenses $ 500.

your car dealer auction access $ 100.

your car dealer checking account $ 250.

get licensed with our car dealer school

gotplates.com

800-901-5950

redstar

 

download the dmv auction access application

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Download Forms

are you the victim of odometer fraud ???

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Criminal Investigations

Each office conducts odometer fraud investigations for criminal prosecution by the U.S. Department of Justice. Our investigators also assist State agencies that enforce odometer laws and regulations. OFI
investigations resulted in over 240 criminal convictions in more than 30 States. Prison sentences ranged from one month to eight years, criminal fines totaled more than $2.8 million, and court-ordered restitutions totaled more than $10 million.

Consumer Outreach Program (COP)

This program provides assistance to consumers who suspect that they have been victimized by odometer fraud. COP responds to general inquiries and specific questions related to odometer fraud violations. Consumers are provided with information on odometer laws and odometer disclosure requirements if they
suspect fraudulent odometer tampering. Other resources may be recommended to assist them in their
pursuit. Consumers are strongly advised to consult a private attorney to determine their legal rights and
remedies in the matter. Although we do not have the authority to pursue claims on behalf of consumers, we appreciate any information we receive that may aid our overall law enforcement efforts. To provide information, consumers may call OFI at 202-366-4761 or NHTSA’s Vehicle Safety Hotline at 888-327-4236 (TTY for individuals with hearing impairments: 800-424-9153). Consumers can also e-mail OFI at odometerfraud@dot.gov.

 

 

 

 

Index | PDF version | Our Mission | Criminal Investigations
Consumer Outreach Program | Federal/State Partnership | Public Awareness | More Info

odometer fraud can set you back millions

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By Robert Duffer, Chicago TribuneThat used car might be more used than you think.

A new report sheds new light on an old problem: odometer fraud.

Odometer fraud, also known as rollback, is when a vehicle’s odometer is rolled back from its actual mileage to a much more sellable number.

There are more than 190,000 cases per year of odometer tampering in used cars, costing car buyers $760 million in lost value and unexpected repairs.

The majority of rollbacks have at least 50,000 miles taken off their odometer, according to Carfax, which makes and sells vehicle history reports compiled from over 12 billion vehicle records.

The loss in savings and safety can be astounding. In addition to the loss in value of an older car that has been sold as garage kept or rarely used when it may have three or four times the actual mileage shown, the car parts are dangerously old.

“Older, deteriorating parts might lead to unexpected repairs while unperformed maintenance for the true mileage may compromise the safety and performance of these cars,” says Larry Gamache, communications director of Carfax.

Victims can lose thousands of dollars purchasing a car with a tampered odometer.

The most susceptible cars are 14 to 15 years old. In one case profiled in a segment on the Today Show, a car was listed as having 85,000 miles when in fact it had over 250,000.

Though con men are exploiting longer vehicle life spans, new cars with digital odometers are as susceptible to odometer fraud if not more so than older analog odometers.

Digital devices called odometer correction tools proliferate online. Intended for mechanics as a diagnostic device to correct faulty electrical pulses, the devices are simpler to operate than manually rolling back an analog odometer. A thief can plug the device into the car, enter in the make and model, then put in whatever number you want. They can cost anywhere from $100 to $1,500.

Professional crime rings make thousands off of each sale.

“These rings operate everywhere,” says Chris Basso, a used car expert for Carfax. “In every state there are vehicles with an odometer roll back.”

Typically the used cars with tampered odometers can be found on private postings like craigslist.org or on corner lots.

“I don’t think it’s a coincidence that those are the kind of cars you find on the side of the road,” Basso explains. The tampered cars are usually cheaper and fit the budgets of used car shoppers. Scam artists will act as if there is an urgency to buying now.

If it’s too good to be true, it usually is.

“If something strikes the consumer as off, don’t be afraid to probe or walk away,” says Phong Ly, CEO of used car research site iSeeCars.com.

Carfax recommends several steps used car buyers can take to prevent being a victim of odometer fraud.

*Check that the car’s wear and tear is consistent with the odometer reading.

*Ask the seller for service records and note the mileage on each receipt.

*Be wary of too good to be true deals and overly aggressive sellers who want a quick sale or who withhold vital information.

*Have a trusted mechanic thoroughly inspect the vehicle and check its computer.

*Purchase a Vehicle History Report from Carfax.com or a competitor such as Autocheck.com

Vehicle history reports can cost between $30 and $40 and provide a wealth of information. Carfax pulls info from 77,000 sources, ranging from DMVs to service stations, to determine the health of a particular vehicle.

Everything from title transfers to recalls to emissions inspections are filed on the vehicle’s identification number, or VIN, which is the social security number for a car. Mileage is reported throughout a car’s lifespan so the first step a used car buyer should do, suspicious or otherwise, is get the VIN number and research it.

Carfax offers a free odometer check on its website. Users enter the VIN number and zip code of the vehicle in question.

An estimated one million rollbacks afflict each state, though consumers in California, Nevada, Massachusetts, New York and Texas are subject to the greatest amount of fraud, according to the Carfax report.

rduffer@tribune.com

car dealer bond agent…..cheat the government…..go to prison

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Former agent who pocketed insurance premiums pleads guilty to fraud

News: 2014 Press Release

For Release: October 7, 2014
Media Calls Only: 916-492-3566
Former agent who pocketed insurance premiums pleads guilty to fraud

WALNUT CREEK, Calif. – Thomas Henry Morris, 72, pleaded guilty to one felony count of insurance fraud after he collected premiums and failed to pay over $133,000 in premiums to an insurer. Morris was sentenced to three years felony probation and 40 hours of community service. As part of his plea agreement, Morris paid $133,000 in restitution and will pay an additional $10,000 to the insurance company involved.

“This sentencing is a victory for consumers and insurers,” said Commissioner Dave Jones. “It was because of the combined efforts of the Department of Insurance and the Contra Costa County District Attorney that we were able to bring an end to the scheming and thieving of this individual and find justice for the aggrieved insurance company.”

Morris, who owns Morris & Associates Insurance Services Inc., carried out his scheme with a producer license that expired in 1994. He exposed auto dealerships to hundreds of thousands of dollars in potential liability by selling surety bonds, collecting the premium and pocketing the funds that belonged to the insurer.

The investigation began in September 2013 and revealed Morris was directly involved in conducting unlicensed insurance transactions. The criminal complaint was issued June 24, 2014 and Morris surrendered to the court the following day.

###
The California Department of Insurance, established in 1868, is the largest consumer protection agency in California, regulating the $123 billion insurance marketplace. In 2013 the California Department of Insurance received more than 170,000 calls from consumers and helped recover over $63 million in claims and premiums. Please visit the Department of Insurance web site at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800.927.HELP or 213.897.8921. Telecommunications Devices for the Deaf (TDD), please dial 800.482.4833.

dmv certified car dealer schools

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DMV Dealer Education Providers

Dealer education providers are listed by the type of class offered and area served. All classes are held in a classroom unless noted in the first column.

*Pre-licensing only
**Continuing Education only
DMV has not approved any “on-line” Pre-Licensing Programs

Area and
Type of Class Offered
Online/Home Study Continuing Education title  title Northern Area title Central Area title Southern Area title Provider

X

X

X

X

X

TriStar Motors, LLC
Phone: 1–800–901–5950
Internet: www.gotplates.com

X

X

X

X

X

24–7 Dealer Training Specialists
Phone: 1–951–833–8398
Internet: www.24–7dealerclass.com

X

X

California Auto Dealer Education
Phone: 1–661–871–3311
Internet: www.cadeclasses.com

X

Central Valley Dealers Licensing Renewal Service
Licensing Renewal Service
Phone: 1–209–333–0900
Email: chuckwentland@aol.com

X

Superior Vehicle Dealer Training Institute
Phone: 1–949–305–8402
Internet: www.superiorbonds.com

X

X

Inland Empire/Orange County Dealer School
Phone: 1–909–648–0446
Internet: www.bigcardealer.com

X

X

X

Dealer Training Experts of Northern California
Phone: 1–408–910–3876
Internet: www.dealersclass.com

X

X

X

X

X

Dealer Intel
Phone: 1-415-613-4754
Internet: www.dealerintel.com

X

X

X

X

X

$85 Dealer Education
Phone: 1-951-541-8390
Internet: www.waynesinsurance.com
X

X

X

X

Los Angeles Dealer School
Phone: 1-310-227-6920
Internet: www.dealerclass.com

*X

Dealer License Seminars of San Diego
Phone: 1-619-665-6440
Internet: www.dealerseminars.com
X X

X

X

X

Golden State Educational Services
Phone: 1-916-470-4384
Internet: www.goldenstateeducation.com

X

X

X

X

X

Dealer Education Services
Phone: 1-888-323-0031
Internet: www.dealereducation.com

X

X

Coffer Dealer Education
Phone: 1-888-694-1444
Internet: www.cofferdealereducation.com

X

Cesar Carrascos Dealer Licensing Seminars
Phone: 1-619-474-0477
Internet: www.carrascogroup.com

X

X

Dealers Support Group
Phone: 1-818-758-9951
Internet: www.dealerssupport.com
X X California Accredited Dealer Education
Phone: (714) 300-4148
Email:: cadeclass@aol.com
X X X X X ATG Dealer School
Phone: 1-818-909-7912
Internet: www.atgdealerschool.com
*X Bell’s Automotive Dealer
Phone: 1-909-202-9204
Email: bell2automotive@yahoo.com

**X

Auto Support Group
Phone: 1-714-588-1511
Email: E2000perez@yahoo.com
X X Dealer Lessons
Phone: 1-877-772-3332
Internet: www.dealerlessons.com
X Online Auto Dealer Ed
Phone: 1-877-724-6150
Internet: www.onlineautodealered.com
X Colby Learning Center of San Diego
Phone: 1-619-559-5748
Email: colbylearning@aol.com
X X Modesto/Central Valley Dealer Education
Phone: 1-209-535-8910

X

Best Solutions
Phone: 1-619-546-4064

X

X

X

X

X

Motorsports Market On-Line Courses, Live Classes and Home Study
Phone: 1-800-980-1967
Internet: www.motorsportsmarket.com

X

A-1 Dealers Support Group
Phone: 1–323–781–7130
Internet: www.a1autodealerssg.com

X

X

X

X

X

Automotive Systems Analysis
Phone: 1–800–564–0984
Internet: www.autosystemsanalysis.com

X

X

X

X

X

FFW Auto Group
Phone: 1–415–644–8052
Internet: www.ffwautogroup.com

Last updated: 07/08/2014

novato #realcardealerschool

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imagine a car dealer school

taught by real car dealers

we are the only ones with a

retail / autobroker car dealer license

who actually teach

dmv certified car dealer school

we are not attorneys

we are not selling forms

we are not bond agents

we do not sell insurance

we have no software for you

learn how to get licensed from the

#realcardealerschool

classes in:

SACRAMENTO

FAIRFIELD

NOVATO

FREMONT

MODESTO

PLEASANTON

SANTA ROSA

SAN MATEO

CLOVIS

SALINAS

SANTA CRUZ

CITRUS HEIGHTS

LOS BANOS

LOS GATOS

FRESNO

CROWS LANDING

CAMPBELL

SAN JOSE

WALNUT CREEK

SAN FRANCISCO

STOCKTON

UKIAH

gotplates.com

800-901-5950

redstar

autopia

 

red flag rules ITPP

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Long delayed, enforcement of the Fair and Accurate Credit
Transaction Act (FACTA) Red Flags Rule finally began in January
2011. With this regulation in effect, it’s no longer enough to ensure
the proper disposal of sensitive information.

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Now, businesses of all kinds are required to create

and put in place a written Identity Theft Prevention Program ( ITPP )

– and can suffer civil penalties and
injunctions if found to be in noncompliance.

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What’s in it.
The Red Flags Rule spells out what compliance is – essentially,
what needs to go into the written plan. With a reasonable plan
in place, companies should be able to:
• Identify the so-called “red flags” – patterns and activities
that may indicate the presence of identity theft
• Build methods for detecting red flags into standard
business practices
• Document all responses taken in reaction to signs of
potential identity theft
• Update the plan over time to stay current with evolving
risk factors

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we offer a complete red flag program for $ 500.

Visit us for the Red Flag Program

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Fortunately, the Red Flags Rule “includes guidelines to help
financial institutions and creditors develop and implement a
Program, including a supplement that offers examples of red
flags.”

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Who should pay attention.
As with FACTA itself, the Red Flags Rule has implications for
organizations of all sizes and kinds.
Broadly, it covers two categories of businesses: “financial
institutions” and “creditors.” The definition of “financial institution”
is relatively straightforward:
• All banks, savings associations, and credit unions, regardless
of whether they hold a transaction account belonging to a
consumer; and
• Anyone else who directly or indirectly holds a transaction
account belonging to a consumer.

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As for “creditors,” that term covers a lot of ground. Inclusion is
based on three general criteria. Creditors:
• Obtain or use consumer reports in connection with a
credit transaction;
• Furnish information to consumer reporting agencies in
connection with a credit transaction; or
• Advance funds to – or on behalf of – someone, except
for funds for expenses incidental to a service provided by
the creditor to that person.

+++

Last-minute changes to the rule somewhat limited the scope of

what constitutes a “creditor,” but to date there are no hard-and

fast guidelines for which businesses fall under the rule and which
don’t.

+++

According to the Federal Trade Commission, “Examples of
groups that may fall within this definition are utilities, health care
providers, lawyers, accountants, and other professionals, and
telecommunications companies.” But the rule could theoretically
cover any company (or person) that provides a product or service
at a given time and accepts payment for it at a later date.

+++

If that’s not confusing enough, the rule only comes into play if
an organization holds consumer accounts “designed to permit
multiple payments or transactions – or any other account for
which there is a reasonably foreseeable risk of identity theft.”

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How to comply.
Because of the Red Flags Rule’s complexity and recent implementation,

it’s best to consult an attorney to see if your organization

falls under its jurisdiction.

You can also search the FTC website
for information on the rule and guidelines on creating an Identity
Theft Prevention Program.

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Red Flag Rules Car Dealer Attorney

+++

800-901-5950

 

remember musical chairs ???…..the music just stopped for car dealers

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can you afford a data breach ???

the california attorney general announced the formation of the privacy unit

specifically designed to enforce state and federal identity theft laws

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rule # 1 for car dealers offering credit

RED FLAG RULES

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we offer a complete compliance solution for $ 500.

 

800-901-5950

+++++

redstar

 

car dealers offering credit…..cal ag to begin red flag rules enforcement

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SACRAMENTO – Attorney General Kamala D. Harris today announced the creation of the Privacy Enforcement and Protection Unit in the Department of Justice which will focus on protecting consumer and individual privacy through civil prosecution of state and federal privacy laws.

“In the 21st Century, we share and store our most sensitive personal information on phones, computers and even the cloud. It is imperative that consumers are empowered to understand how these innovations use personal information so that we can all make informed choices about what information we want to share,” said Attorney General Harris. “The Privacy Unit will police the privacy practices of individuals and organizations to hold accountable those who misuse technology to invade the privacy of others.”

The California Constitution guarantees all people the inalienable right to privacy. The Privacy Unit will protect this constitutionally-guaranteed right by prosecuting violations of California and federal privacy laws. The Privacy Unit centralizes existing Justice Department efforts to protect privacy, including enforcing privacy laws, educating consumers and forging partnerships with industry and innovators.

The Privacy Unit’s mission to enforce and protect privacy is broad. It will enforce laws regulating the collection, retention, disclosure, and destruction of private or sensitive information by individuals, organizations, and the government. This includes laws relating to cyber privacy, health privacy, financial privacy, identity theft, government records and data breaches. By combining the various privacy functions of the Department of Justice into a single enforcement and education unit with privacy expertise, California will be better equipped to enforce state privacy laws and protect citizens’ privacy rights.

The Privacy Unit will reside in the eCrime Unit and will be staffed by Department of Justice employees, including six prosecutors who will concentrate on privacy enforcement. Joanne McNabb, formerly of the California Office of Privacy Protection, will serve as the Director of Privacy Education and Policy, and will oversee the Privacy Unit’s education and outreach efforts.

Protecting the privacy of Californians is one of Attorney General Harris’s top priorities. The creation of the Privacy Enforcement and Protection Unit follows the forging of an industry agreement among the nation’s leading mobile and social application platforms to improve privacy protections for consumers around the globe who use apps on their smartphones, tablets, and other electronic devices. The platform companies who signed on to that agreement — Amazon.com Inc., Apple Inc., Facebook, Google Inc., Hewlett-Packard Company, Microsoft Corporation and Research in Motion Limited — agreed to privacy principles designed to bring the industry in line with California law requiring apps that collect personal information to post a privacy policy and to promote transparency in the privacy practices of apps.

Attorney General Harris established the eCrime Unit in 2011 to prosecute identity theft, data intrusions, and crimes involving the use of technology. The eCrime Unit provides investigative and prosecutorial support to the five California regional high-tech task forces funded through the High Technology Theft Apprehension and Prosecution Trust Fund Program and provides coordination for out-of-state technology-crime investigation requests. The eCrime Unit also develops and provides training for law enforcement officers, prosecutors, the judiciary and the public on cyber safety and the importance of strong information-security practices.

The February 2012 press release announcing the apps agreement can be found here:http://oag.ca.gov/news/press-releases/attorney-general-kamala-d-harris-secures-global-agreement-strengthen-privacy

The June 2012 press release announcing that Facebook joined the apps agreement can be found here: http://oag.ca.gov/news/press-releases/attorney-general-kamala-d-harris-announces-expansion-california%E2%80%99s-consumer

The December 2011 press release announcing the creation of the eCrime Unit can be found here: http://oag.ca.gov/news/press-releases/attorney-general-kamala-d-harris-announces-creation-ecrime-unit-targeting

# # #

lojack saves the day for a california car dealership

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LoJack Corporation Helps California Police Recover 13 Cars and Break Up Large Auto Theft Ring

On January 18, 2013, the owners of California Car Company contacted the Brea Police Department to report a 2004 BMW Z-3 had been stolen along with 12 other exotic cars from the lot of their dealership. Thieves broke into the car lot office, located the keys and were able to, for the time being, get away with it.

Brea Police verified the theft and entered the vehicle information along with the 12 other vehicles into the state and federal crime computers, which automatically activated the LoJack transponder concealed in the BMW.

Out of the 13 vehicles that were stolen, the BMW-Z-3 was the only vehicle equipped with a LoJack Stolen Vehicle Recovery System. A short time later, Los Angeles Sheriff’s Air-7 flight deputies picked up the silent LoJack signal, tracked and located the vehicle parked, and unoccupied, at a motel. Detectives and ground units were notified.

Prior to any of the assisting ground units arrival, a male and female were seen entering the vehicle and drove off.  Apparently, when the male driver saw the helicopter, he fled at a high speed trying to out run the airship.  Air-7 followed the vehicle, giving the direction of travel to ground units.  The BMW blew out a tire, exited the freeway and entered a mall parking lot in the city of Pico Rivera. One suspect was arrested on site.

So far in the case, there have been four suspects arrested and charged. Furthermore, all 13 cars have been recovered.  They are identified as a 2007 Maserati, 2009 Mustang, 2008 Mustang, 2008 Mercedes E350, 2005 Audi A-4, 2004 BMW M-3 (LoJack equipped), 2006 Bentley, 2012 Chevrolet Camaro, 2002 BMW 745, 2002 Mercedes 600, 2005 Mercedes SLK350, 2011 Hyundai Genesis and a 2008 BMW 28I.

The LoJack Stolen Vehicle Recovery System was installed in the 2004 BMW Z-3 on 10-3-2005 at BMW Gallery in Norwood, MA. The estimated value of recovered cars is $250,000.

For local coverage of this story please visit the links below:

http://ktla.com/2013/01/19/maserati-mercedes-among-vehicles-missing-from-brea-dealership/#axzz2KEDQhPQz

http://losangeles.cbslocal.com/2013/01/18/search-for-alleged-carjacker-forces-lockdown-in-pico-rivera/

 

NOTE: Portions of the story were obtained from Brea Police Department and the Los Angeles County Sheriff’s Department 

unlicensed car dealer sells a stolen vehicle ( get the pink slip )

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Couple Arrested After Unknowingly Buying Stolen Car

Salesman says he’ll issue a refund “as soon as I get the money.”

After seeing a good deal for a used BMW on Craigslist, an Orange County couple bought the car from the seller only to be handcuffed for driving a stolen vehicle. John Cádiz Klemack reports for the NBC4 News at 11 p.m. on Tuesday, Nov. 5, 2013.

 Farrah and Tom Johnson filled out a contract and paid $3,700 cash to buy a clean, used 2001 BMW 325i from a man who seemed professional.

“I was all excited to have this nice BMW,” Farrah Johnson said. “It seemed like a good price for the mileage.”

For a few days, they were happy with their purchase – until police officers pulled them over.

It turned out that they had bought a stolen car. And when they went back to the business that had sold it to them, they found just the empty husk of the shop they had visited just days earlier.

The dealership was not licensed to do business. The salesman was nowhere to be found.

Experts said that the Johnsons could have avoided their predicament by insisting on a pink slip. The couple said the salesman promised he would mail it after he took care of some final paperwork issues.

NBC4’s John Cadiz Klemack spoke over the phone with the salesman, Ramon Vladimir Torres Quiroz, who said he has sold 200 cars and received no complaints.

“Don’t judge me yet,” Quiroz said.

He said he plans to issue the Johnsons a refund.

“I’m working on it,” he said. “As soon as I get the money, I’ll get them their money back.”

van nuys car dealer school

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we have a class weekly

and

private classes on short notice

by appointment

+++

BURBANK CAR DEALER CLASS

LOS ANGELES CAR DEALER CLASS

BAKERSFIELD CAR DEALER CLASS

DEL MAR CAR DEALER CLASS

FRESNO CAR DEALER CLASS

MODESTO CAR DEALER CLASS

PALM SPRINGS CAR DEALER CLASS

SHERMAN OAKS CAR DEALER CLASS

CROWS LANDING CAR DEALER CLASS IN SPANISH

SACRAMENTO CAR DEALER CLASS

PASADENA CAR DEALER CLASS

RIVERSIDE CAR DEALER CLASS

SAN DIEGO CAR DEALER CLASS

VAN NUYS CAR DEALER CLASS

800-901-5950

+++

got1

modesto #realcardealerschool

Standard

imagine a car dealer school

taught by real car dealers

we are the only ones with a

retail / autobroker car dealer license

who actually teach

dmv certified car dealer school

we are not attorneys

we are not selling forms

we are not bond agents

we do not sell insurance

we have no software for you

learn how to get licensed from the

#realcardealerschool

classes in:

SACRAMENTO

FAIRFIELD

NOVATO

FREMONT

MODESTO

PLEASANTON

SANTA ROSA

SAN MATEO

CLOVIS

SALINAS

SANTA CRUZ

CITRUS HEIGHTS

LOS BANOS

LOS GATOS

FRESNO

CROWS LANDING

CAMPBELL

SAN JOSE

WALNUT CREEK

SAN FRANCISCO

STOCKTON

UKIAH

gotplates.com

800-901-5950

redstar

autopia

 

FTC tips for a red flag rules program if you offer credit

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Are you complying with the Red Flags Rule?

The Red Flags Rule requires many businesses and organizations to implement a written Identity Theft Prevention Program designed to detect the warning signs — or “red flags” — of identity theft in their day-to-day operations. By identifying red flags in advance, businesses will be better equipped to spot suspicious patterns that may arise — and take steps to prevent a red flag from escalating into a costly episode of identity theft.

Resources on this site can help business people educate their staff and colleagues about complying with the Red Flags Rule.

What Compliance Looks Like

Your Identity Theft Prevention Program is a “playbook” that must include reasonable policies and procedures for detecting, preventing, and mitigating identity theft. Your Program should enable your organization to:

  1. identify relevant patterns, practices, and specific forms of activity — the “red flags” — that signal possible identity theft;
  2. incorporate business practices to detect red flags;
  3. detail your appropriate response to any red flags you detect to prevent and mitigate identity theft; and
  4. be updated periodically to reflect changes in risks from identity theft.

The Red Flags Rule also includes guidelines to help financial institutions and creditors develop and implement a Program, including a supplement that offers examples of red flags.

The FTC and the federal financial agencies have issued Frequently Asked Questions and answers to help businesses comply with the Rule.

Who Must Comply with the Red Flags Rule?

The Rule requires “financial institutions” and “creditors” that hold consumer accounts designed to permit multiple payments or transactions — or any other account for which there is a reasonably foreseeable risk of identity theft — to develop and implement an Identity Theft Prevention Program for new and existing accounts. The definition of “financial institution” includes:

  • all banks, savings associations, and credit unions, regardless of whether they hold a transaction account belonging to a consumer; and
  • anyone else who directly or indirectly holds a transaction account belonging to a consumer.

A change in the law on December 18, 2010 amended the the definition of “creditor,” and limits the circumstances under which creditors are covered. The new law covers creditors who regularly, and in the ordinary course of business, meet one of three general criteria. They must:

  • obtain or use consumer reports in connection with a credit transaction;
  • furnish information to consumer reporting agencies in connection with a credit transaction; or
  • advance funds to — or on behalf of — someone, except for funds for expenses incidental to a service provided by the creditor to that person.

Bookmark this site and check it often for revisions that reflect changes in the law.

 


 

 

Related Topics

Protecting Personal Information: A Guide for Business

Are you taking steps to protect personal information? Safeguarding sensitive data in your files and on your computers is just plain good business. After all, if that information falls into the wrong hands, it can lead to fraud or identity theft.

Avoid ID Theft: Deter, Detect, Defend

A one-stop national resource to learn about the crime of identity theft. It provides detailed information to help you deter, detect, and defend against identity theft.

OnGuard Online

Provides practical tips from the federal government and the technology industry to help computer users be on guard against Internet fraud, secure their computers, and protect their personal information.

Privacy Initiatives

Educates consumers and businesses about the importance of personal information privacy, including the security of personal information.

yes ingrid…we are the only class to offer a car dealer online preparation tutorial…the preparation tutorial is unique in the industry

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We provide the best dealer education in all of California.
Our in-person classes are now offered in 39 cities.
+++
We conduct more classes than any other dealer education provider.
TriStar Motors LLC has been a provider of dealer education since 1998.
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Our extensive law enforcement training background
has given us a foundation to build
comprehensive car dealer training.
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We offer our New Car Dealer Class for as low
as $100 and we will teach you the steps toward
getting DMV Certification.
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Our teaching addresses the frustration some
experience trying to find simple, concise
answers to dealership and car dealer
related questions.
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we make it easy for you to get licensed at gotplates.com

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REGISTERING FOR CLASSES Here are your options:

At Got Plates we are dedicated to providing you with an outstanding Dealer Licensing Program. We offer everything from Online Class Registration to Home Study Program. Register however you like below, view our Study Guides and Exams and Class Outlines or checkout all of our In Person class locations.

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Still have Questions?
Email us at: admin@gotplates.com
Call us at: 1..800..901..5950