RV Franchise Education Workshop
Overview of North Carolina franchise law as it relates to RV dealers.
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Regulatory News and Notices
July 29, 2009
FTC Delays Enforcement of Red Flags Rule to November 1, 2009
On July 29, 2009, the Federal Trade Commission announced an additional extension of the enforcement date for the Identity Theft “Red Flags Rule” to November 1, 2009. Although the rule actually became effective on January 1, 2008, enforcement of the rule had been set to begin on August 1, 2009. However, this additional extension to November 1, 2009, is being provided to allow creditors and financial institutions more time to develop and implement written identity theft prevention programs.
This is the third extension of the enforcement date of the Red Flags Rule since October, 2008. Please note, as with the earlier extensions, this delayed enforcement date does not apply to the rule regarding address discrepancies applicable to users of consumer reports. Click here or below for a copy of the FTC’s Extended Enforcement Policy outling the extension. Please contact John Policastro at 919-828-4421 with any questions or at .(JavaScript must be enabled to view this email address)
The above information is provided for information purposes only and should not be construed as legal advice or a legal opinion on specific facts or circumstances. Please consult with legal counsel concerning specific factual situations before acting on this information.
