HomeMy WebLinkAbout10-123 Identity Theft Prevention Program
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 10-123
RESOLUTION ADOPTING AN IDENTITY THEFT PREVENTION PROGRAM
Motion By: Millar Second By: Keeney
WHEREAS, The Federal Trade Commission has issued regulations requiring financial
institutions and creditors to develop and implement written identity theft
prevention programs under the Fair and Accurate Credit Transaction Act of 2003
; and
(FACTA)
WHEREAS, The definitions provided in FACTA specifically identify utility accounts in which
municipalities provide for the deferral of payment for services such as water,
; and
electric or garbage collection must comply with FACTA
WHEREAS, The City of Prior Lake currently collects in arrears for utility services; and
WHEREAS,
City Staff has developed an Identity Theft Prevention Program pursuant to the
Federal Trade Commission’s Red Flags Rule which implements Section 114 of
the Fair and Accurate Credit Transactions Act of 2003. 16 C. F. R. § 681.2
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2.The attached Identity Theft Prevention Program is approved.
PASSED AND ADOPTED THIS 20th DAY OF DECEMBER, 2010.
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Millar X Millar
______________________________
Frank Boyles, City Manager