The Identity Theft Assumptions Deterrence Act, passed in 1998 closes vital gaps against identity theft. This law offers the strongest protection ever against this type of crime. It also redefines the theft of personal information as a crime.
In the past. consumers were left to repair damaged credit reports and the credit card companies were considered the victims of identity theft. This law allows victims of idenity theft to seek compensation for "identifiable losses" as well as expenses related to clearing their name and credit history. Unlike previous federal legislation, this identity theft law allows law enforcement officials to prosecute criminals who steal personal information.
"The Identity Theft and Associations Deterrence Act" includes the following measures to protect you and other consumers:
If you have been a victim of identity theft, you can contact the Federal Trade Commission's complaint center by calling (202) FTC-HELP or sending an email from their website at http://www.ftc.gov/ftc/complaint.htm. Or, you can write to: Consumer Response Center, Federal Trade Commission, CRC-240, Washington, D.C. 20580.
Real Estate Broker-CA Dept of Real Estate
DRE # 01342072