FACT Act

Important Information About the Fair Credit Reporting Act

President Bush signed the Fair and Accurate Credit Transactions Act of 2003, or FACT Act, into law in December 2003. In general, the FACT Act added procedures to existing Fair Credit Reporting Act (FCRA) standards to increase the level of protection for consumers with respect to identity theft and credit-record reporting.

The underlying purpose for the FACT Act is to accomplish the following:

To prevent identity theft,
To improve the resolution of consumer disputes,
To improve the accuracy of consumer records,
To make improvements in the use of, and consumer access to, credit information

First Security Bank gladly accepts responsibility to comply with the FACT Act. For more information regarding these changes, please call 1-877-FTC-HELP or log on to website www.ftc.gov.