A. Statement of Policy. It is the policy of the Village to establish procedures to detect, prevent, and mitigate the impact of identity theft, as required by the Fair and Accurate Credit Transactions Act of 2003 and applicable rules promulgated by the Federal Trade Commission and federal banking agencies pursuant to said Act.
B. Development of Procedures. The Finance Director, under the supervision of the Village Manger, shall be responsible for developing the Village Identity Theft Protection Procedures, which shall establish procedures appropriate to the Village's operations for the detection, prevention, and mitigation of the impact of identity theft, as required by the aforesaid Act. The procedures shall include a requirement that all incidents of identity theft be reported to the Police Department and any other law enforcement agency having jurisdiction over such matters for investigation and prosecution.
C. Village Council Review and Approval. The Village Identity Theft Protection Procedures, and amendments thereto, shall be subject to the review and approval of the Village Council.
D. Annual Report. During the fourth calendar quarter of each year, the Finance Director shall report to the Village Council regarding the implementation of the Village procedures, including reports of identity theft and recommendations for modifications to the procedures.
(MC-7-2008 § 3, Added, 11/06/2008)