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HomeMy Public PortalAboutAB 09-071 Red Flag Rules - Identity Theft ProgramMcCALL CITY COUNCIL AGENDA BILL Number Meeting Date 216 East Park Street McCall, ID 83638 AB 09-71 April 23, 2009 AGENDA ITEM INFORMATION SUBJECT: Red Flag Rules — Identity Theft Prevention Program Resolution 09-04 Approvals: Department/ Committee/Individual Initials Remarks (Originator/ Support) Mayor /Council City Manager Community Development Treasurer Clerk, Deputy City Clerk Police Department Public Works Golf Operations COST IMPACT: N/A Parks & Recreation FUNDING SOURCE: N/A Airport Library TIMELINE: 05/01/2009 City Attorney Grant Coordinator SUMMARY STATEMENT: The federal Red flag rule 2003 and imposes requirements preventing, detecting and Trade Commission has determined where they bill customers for Attached is are the overview 09-04. was enacted as part of the Fair for financial institutions & Accurate Credit Transactions (FACT) Act of and creditors to implement programs aimed at rule will go into effect May 1, 2009. The Federal to the Red Flag Rule and are considered creditors Identity Theft Prevention Program, and Resolution mitigating identity theft. The that cities are subject goods or services such as utilities. "The Red Flag Rules", the RECOMMENDED ACTION: Approve Resolution 09-04 and authorize the Mayor to sign all documents RECORD OF COUNCIL ACTION Meeting Date ACTION