Red Flag Templates
The Federal Trade Commission new Red Flag Rules go into effect November 1, 2009. Are your practices prepared for compliance?
The Red Flag Rules require all businesses that extend forms of credit to customers (not including credit cards) to develop a written plan designed to detect, prevent, and respond to identity theft related to extending that credit. For veterinary practices, this would clients with whom you have established periodic payment plans.
The Red Flag Rules also require staff training on the provisions of the written plan to insure employees are aware of its content and their responsibilities related to detecting and preventing identity theft.