Update on Identity Theft "Red Flags Rule"

Utah Higher Education Assistance Authority calls attention to an update on the Identity Theft Red Flags Rule from the Federal Trade Commission.  Although the Red Flags Rule was not issued by the Department of Education, FSA wants to remind institutions participating in the Federal Perkins Loan Program that the requirements apply to them.

The FTC has granted a delay of enforcement of the new Rule until May 1, 2009.  The delay does not mean the Red Flags Rule is not in effect, only that the FTC will not enforce the requirements until May 1, 2009.  The FSA Electronic Announcement can be viewed at http://ifap.ed.gov/eannouncements/110708FTCRedFlagRule.html.

Any questions related to this Bulletin should be directed to UHEAA Policy and Training at 801.321.7166, or by e-mail to mjohnson@utahsbr.edu.

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