Saving Creditors From Penalties Associated With New Facta Regulation

Sept. 19, 2008 - PRLog -- Santa Ana, CA – Altius Information Technologies, Inc. and Merhab Robinson & Jackson are working together to help creditors become compliant with FACTA before November 1st deadline.

FACTA (Fair and Accurate Credit Transactions Act) is a new regulation that requires creditors (firms with covered accounts such as credit card accounts, mortgage loans, automobile loans, margin accounts, cell phone accounts, utility accounts, checking accounts, and savings accounts) to develop and implement a written Identity Theft Prevention Program to detect, prevent, and mitigate identity theft. The deadline for compliance is November 1, 2008.

“Very few creditors are aware of this new regulation and may face stiff fines after the November 1, 2008 deadline. Our goal is to make sure that creditors understand FACTA requirements and are compliant before they incur penalties. In working with Merhab Robinson & Jackson, we can ensure that creditors are compliant with FACTA both from a risk/identity theft side and from a legal side. Creditors know they can have a real solution in place before the November 1, 2008 deadline,” says Jim Kelton, President of Altius IT.

Altius Information Technologies, Inc., a leader in identity theft and regulation compliance solutions, and Merhab Robinson & Jackson, a general business law firm, are working together to provide creditors with a comprehensive solution for FACTA compliance before November 1, 2008.  

“Our firm established a relationship with Altius Information Technologies, an expert in the FACTA area, so we may direct our clients to an experienced source for assistance in developing an Identity Theft Prevention Program,” says Jennifer McClain, an attorney at Merhab Robinson & Jackson.  

How to Comply with FACTA
Contact Altius Information Technologies at (714) 442-6670 or www.AltiusIT.com to conduct a risk assessment and for assistance in drafting an Identity Theft Prevention Program. Altius IT will provide a free consultation and a flat rate estimate of the project based on the size of your company and what information your company already has in place.

Merhab Robinson & Jackson can assist in preparing board minutes to approve your Identity Theft Prevention Program once it is complete.  For more information about FACTA compliance, contact Jennifer McClain at jennifer@mrjlaw.net or (714) 972-2333.

About Merhab Robinson & Jackson
Merhab Robinson & Jackson is a general business firm providing transactional and litigation services with an emphasis on employment law. Their services include business planning and corporate law, real estate law, employment and labor law, and litigation and dispute resolution. Merhab Robinson & Jackson is located in Santa Ana, California.

# # #

About Altius Information Technologies, Inc.
Altius Information Technologies, Inc. is a risk management and security assessment firm that provides comprehensive risk assessment services that focus on all three critical risk factors including technology, people and process. In addition to focusing on all critical risk factors, Altius IT provides risk analysis and customized, prioritized risk response plans to ensure complete and effective risk management for client organizations. Altius Information Technologies, Inc. is headquartered in Orange County, CA.