Red Flags Rule Office Policy Manual

for the Real Estate/Property Management Office

This LandlordSource product is not lengthy but meets the basic criteria of the Federal Trade Commission, FTC and is very affordable at $25. Like all LandlordSource products, you can customize this policy to how your company handles protection of identifying information in your office and files. View the outline of this product or read an article on the Red Flags Rule.

The FTC created the Red Flags Rule because of the increasing volume of problems concerning "Identity Theft." Businesses who qualify under the rule must have a written policy and plan to counteract identity theft in their business. FTC enforcement of this rule began November 1, 2009.

The FTC defines “Identifty Theft” as a fraud committed or attempted using the identifying information of another person without authority. *

Most Real Estate/Property Management companies do fall under this rule because they take "identifying information." The FTC defines this as:

The FTC defines “identifying information” as “any name or number that may be used, alone or in conjunction with any other information, to identify a specific person, including, but not limited to: name, social security number, date of birth, official state or government driver’s license or identification number, alien registration number, government passport number, employer or taxpayer identification number. *

Therefore, LandlordSource has prepared the "Red Flags Rule Office Policy" to comply with the four basic steps outlined by the FTC. View the outline for the Red Flags Rule Office Policy.

1. Identify Red Flags

2. Detect Red Flags

3. Prevent and mitigate identify theft

4. Update the program periodically.