6-5 Identity Theft Prevention Program

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Approved: Board of Supervisors                                                          
Authority: Board of Supervisors and Board of Directors, Community Development Commission                                                                                    Revised Date: July 21, 2009

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Section III. Definitions

Read Next: Section IV. Risk Assessment

The following definitions apply to the Identity Theft Prevention Program (ITPP).

1. “Covered account” means (i) An account that a financial institution or creditor offers or maintains, primarily for personal, family, or household purposes, that involves or is designed to permit multiple payments or transactions, such as a credit card account, mortgage loan, automobile loan, margin account, cell phone account, utility account, checking account, or savings account; and (ii) Any other account that the financial institution or creditor offers or maintains for which there is a reasonably foreseeable risk to customers or to the safety and soundness of the financial institution or creditor from identity theft, including financial, operational, compliance, reputation, or litigation risks.
2. “Credit” means the right granted by a creditor to a debtor to defer payment of debt or to incur debts and defer its payment or to purchase property or services and defer payment therefore.
3. “Creditor” means any person who regularly extends, renews, or continues credit; any person who regularly arranges for the extension, renewal, or continuation of credit; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit and includes utility companies and telecommunications companies.
4. “Customer” means a person that has a covered account with a creditor.
5. “Identity theft” means a fraud committed or attempted using identifying information of another person without authority.
6. “Personal Identifying Information” means any name or number that may be used, alone or in conjunction with any other information, to identify a specific person, including any:
7. ”Red flag” means a pattern, practice, or specific activity that indicates the possible existence of identity theft.
8. “Service provider” means a person that provides a service directly to the County or the SCCDC.
9. “Stakeholder Department” means a County department that is impacted by the FACT Act, and the SCCDC. As of March 2009, the impacted departments and the reason that they are impacted are:

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