The Red Flags Rule

The “Red Flags” rules require mortgage professionals to prevent and detect instances of customer identity theft. The Fair and Accurate Credit Transactions Act of 2003 (FACTA), sections 114 and 315, mandates that you be aware of:

  • Alerts, notifications or warnings from a consumer reporting agency
  • Suspicious documents or personally identifying information
  • Unusual or suspicious activity on an account
  • Notices from customers, victims of identity theft, or law enforcement authorities

In the issue of “Red Flags,” consider using IDPlus, an innovative and easy-to-use product that checks critical application information and lets you know immediately if something appears to be wrong.

IDPlus gathers relevant alerts including:

  • Fraud alerts
  • Active duty alerts
  • Credit freeze alerts
  • Social Security alerts
  • Address alerts
  • Other alerts

Guide to the Red Flags Rule & Templates

Become a Red Flags Rule expert! Credit Plus is pleased to offer all mortgage professionals its complete guide to the Red Flags Rule along with five sample templates.

Developed by Credit Plus, this important training program provides you with the information you need to design and implement an Identity Theft Prevention Program. Order both the Mortgage Industry Guide to the Red Flags Rule and Templates in a BUNDLE for $199.

Sample template preview:

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Contact us to request your copy of the Mortgage Industry Guide to the Red Flags Rule and Templates.

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The Red Flags Rule

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Neither Credit Plus, Inc., LLC nor Hudson Cook, LLP make any express or implied warranty of any kind respecting the information presented and assume no responsibility for errors or omissions. The documents offered are not legal advice and should not be used as a substitute for proper professional or legal advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.