The Red Flag Committee will collect the Red Flag documentation from all approved external collection agencies. If your department is using one of the approved external collection agencies, you do not need to collect any data from this service provider.
Typically no. Accepting security deposits by itself does not create a covered account; however, if your unit does collect security deposits, we suggest contacting your campus Red Flags contact to discuss whether the particular arrangement creates any material risk of identity theft and could create a covered account based on other characteristics.
Yes. The requirements of the Indiana University Identity Theft Prevention Program described in the Standard Operating Procedure are required on an annual basis. The department/unit head or their designee should fulfill the following requirements on an annual basis:
Yes, if the department/ unit collects a deposit and receives the remainder after the event then the department is considered to extend credit and is a Covered Account. A Covered Account is subject to the reporting requirement outlined in the Indiana University Red Flag Program.
The Red Flag Committee will collect the Red Flag documentation from all approved external collection agencies. If your department is using one of the approved external collection agencies, you do not need to collect any data from this service provider.
Typically no. Accepting security deposits by itself does not create a covered account; however, if your unit does collect security deposits, we suggest contacting your campus Red Flags contact to discuss whether the particular arrangement creates any material risk of identity theft and could create a covered account based on other characteristics.
Yes. The requirements of the Indiana University Identity Theft Prevention Program described in the Standard Operating Procedure are required on an annual basis. The department/unit head or their designee should fulfill the following requirements on an annual basis:
Yes, if the department/ unit collects a deposit and receives the remainder after the event then the department is considered to extend credit and is a Covered Account. A Covered Account is subject to the reporting requirement outlined in the Indiana University Red Flag Program.