(A) The city (the “utility”) has developed this identity theft prevention program (“program”) pursuant to the Federal Trade Commission’s (FTC) Red Flag Rule, which implements § 114 of the Fair and Accurate Credit Transaction Act of 2003, being 15 U.S.C. § 1681m(e), pursuant to 16 C.F.R. § 681.2. This program is designed to detect, prevent, and mitigate identity theft in connection with the opening and maintenance of certain utility accounts. For purposes of this program,
IDENTITY THEFT is considered to be fraud committed using the identifying information of another person.
(B) The
ACCOUNTS, addressed by the program, are defined as:
(1) A continuing relationship the utility has with an individual through an account the utility offers or maintains primarily for personal, family, or household purposes, that involves multiple payments or transactions; and
(2) Any other account the utility offers or maintains for which there is a reasonable foreseeable risk to customers or to the safety and soundness of the utility from identity theft.
(C) This program was developed with oversight and approval of the Board of Aldermen of the city. After consideration of the size and complexity of the utility’s operations and account systems, and the nature and scope of the utility’s activities, the Board of Aldermen of the city determined that this program was appropriate for the city and therefore approved this program on November 1, 2008.
(Ord. passed - -)