On December 18, 2010, President Obama signed into law the Red Flag Program Clarification Act. The new law limits the circumstances in which creditors are covered by the Red Flags Rule.
Visit the Federal Trade Commission website for more updates and information.
I found this information interesting and will be looking into it further to see if Central Signing Service will be implementing a Red Flags Rule Plan.
We have done extensive research regarding the Red Flag Rule and it has been determined that we are NOT required to have a working program with the Federal Trade Commission as we are NOT qualified as a Financial Institution or Creditor.
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