University of Illinois Red Flags Rule Identity-Theft Prevention Program
The FTC Red Flags Rule is part of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). The Rule seeks to protect individual consumers from identity theft related to credit, debit, declining balance, loan, and several other types of consumer accounts. In 2008, it was determined that institutions of higher education fall under the rules because of billing, declining balance, loan, and other accounts they hold for students, faculty, staff, and other individuals.
In order to comply with the Rule, the University of Illinois adopted an FTC Red Flags Identity Theft Prevention Policy. The policy went into effect on June 1, 2010. This site provides materials that your unit will need in order to comply with the policy. The policy is part of a larger compliance program. Please read the University of Illinois Red Flags Rule Identity Theft Prevention Program description .
If you have recently become aware that your unit carries out activities that are subject to the policy, fill out the Red Flags Unit Registration and Update form and e-mail it to firstname.lastname@example.org. A representative of the University’s Red Flags Steering Committee will respond and let you know what the next steps are for your unit.
Last Updated: June 1, 2010