Employers and property managers/owners are required by federal law to identify, detect, respond and resolve Red Flag discrepancies, when screening prospective employees and prospective residents.
The purpose of the Program is to prevent and mitigate Identity Theft and Identity Fraud.
Resolving the Red Flag discrepancies is a relative easy, administrative type action, but it must be done.
You and all end users of the consumer reports or investigative consumer reports are charged with doing so. It is your responsibility.
It is a violation of federal law to approve an application for employment or an application for lease on which the Red Flag discrepancy remains unresolved!
Is your consumer reporting agency performing this requirement for you? It should. If not, are you performing it? You must!
POE performs this requirement for our clients.
If you need assistance or want more information about this federally required Red Flag Regulation Monitoring Program, please let us know. We would be delighted to provide this critical information.