§ 40.20 BACKGROUND.
   On November 9, 2007, the Federal Trade Commission (FTC), the federal bank regulatory agencies, and the National Credit Union Administration jointly issued regulations, pursuant to the Fair and Accurate Credit Transactions Act (“FACT”), known as “Red Flag Rules.”
   (A)   For organizations that are subject to the Red Flag Rules, identity theft programs must be in place by August 1, 2009.
   (B)   The city recognizes that some of its activities are subject to the provisions of FACT and its Red Flag Rules, and hereby adopts this policy and the following Identity Theft Prevention Program (the “Program”).
(Res. 09-005, passed 7-14-09)