Section 114 (Red Flags Rule)
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:appliesTo |
financial institutions
creditors |
| gptkbp:codifiedIn |
gptkb:16_CFR_681
|
| gptkbp:defines |
Red flag is a pattern, practice, or specific activity indicating possible identity theft
|
| gptkbp:enforcedBy |
gptkb:Federal_Trade_Commission
gptkb:federal_bank_regulatory_agencies gptkb:National_Credit_Union_Administration |
| https://www.w3.org/2000/01/rdf-schema#label |
Section 114 (Red Flags Rule)
|
| gptkbp:partOf |
gptkb:Fair_and_Accurate_Credit_Transactions_Act
|
| gptkbp:penalty |
civil monetary penalties
|
| gptkbp:purpose |
prevent identity theft
|
| gptkbp:relatedTo |
gptkb:Section_315_(Address_Discrepancy_Rule)
|
| gptkbp:requires |
financial institutions to develop identity theft prevention programs
oversight of service provider arrangements detection of red flags in covered accounts involvement of board of directors or senior management training of staff on identity theft prevention response to red flags to prevent and mitigate identity theft periodic update of identity theft prevention program |
| gptkbp:startDate |
January 1, 2008
|
| gptkbp:bfsParent |
gptkb:Fair_and_Accurate_Credit_Transactions_Act
|
| gptkbp:bfsLayer |
6
|