How is everyone handling the disclosure requirement that a creditor is to provide written notice to a consumer identified as a victim of identity theft of his or her rights? Is anyone willing to share their format?

I'm curious about this too, anyone from California have a response to this question?

I am trying to configure this myself, have you implemented anything at this point? I notice the bill was signed into effect 9/28/02 due to the fact that it is an "urgency bill".

Yes, I actually received some assistance from another poster Cheryel. She is placing the contact information on the credit report itself. In this case if the CR goes to another file verification is not required and lets the loan officer or processor know that the verification has been completed. The AB1068 was modified to be completed only where credit was extended to the applicant. Look at AB655.

I looked at AB 1068 and AB 655 and note the change in the language to include the phrase "in connection with approval of credit . . ." It seems to me that notifying the consumer after the credit is extended is a bit late.
Was this amendment intended to clarify that the requirement to verify the consumer's address exists only at the time of initial application (rather than post loan funding quality control verifications) or am I missing something?

Thanks!

The way it has been interpreted is that you will only need to verify and document if you have decided to extend credit to the individual. I would document such fact prior to funding, of coarse.

For us, all new applications go to a centralized department (which is a tremendous help), they pull all credit bureau reports. If the address on the credit report differs from the application it is verified and documented on the actual credit report prior to funding. With our centralized underwriting, we will know if the loan will be approved or declined. If we decline the credit, we do not verify - only if we're moving towards approval of the credit request.

I'm lost can someone point me to the website location for this.

Thanks

See if this works:

AB 1068