Posted by 101livescan on 12/20/13 8:20am
Msg #496720
GLBA
I don't think most new notaries and perhaps some veteran notaries, realize the significance of GLBA. This legislation is posted on this website, I encourage everyone to read it and reread it. Its a long read, around 60 PP I think.
Yesterday it became very clear to me that both the State DOJ and the Federal US (DOJ) District Attorney's office take the violation of consumers private information very seriously while many individuals in our industry do not. I received a number of emails from some of my financial accounts regarding the Target hacking of consumers' credit cards and debit cards this week. Recently our local hospital came clean that thousands of patients' financial information had been hacked. It's becoming more and more common these days. How do you protect your financial information? Frank Abagnale (To Catch a Thief), world's renowned corporate fraud whistleblower says the only way to avoid your private information from being defrauded is to freeze your credit. I'm about to do that before year end.
Some signing service owners are the epitomy of "deceit with intent to defraud" and I think this will be a dying breed in the coming years. It's amazing to me that a company like SOX was able to survive in this space for 7 years before finally closing her doors. ANS pales beside SOX and Final Links. Many notaries across the country are still owed $1000s each. Unfortunately, they let their A/Rs become enormous, then SOX just closes up and disappears! Final Links pulls the BK card.
Meanwhile, civil penalties are NOT dischargeable in bankruptcy, not to mention IRS and state and local taxes based on net income of the signing service owners.
It's been an interesting escapade ANS perpetuated on many notaries, say 2500 of them listed on the BK petition. They all "willingly" gave over their tax ID information, personal addresses, etc. and over the top is all the borrowers' information that passed through ANS' IP address. 500 to 1000 per month for 11.5 months that ANS was in business, according to Accurate owners' posts on NR.
Again, I think that since the title/escrow companies did not properly vet a SS owner with a criminal conviction of ID fraud and forgery, they should be held liable to pay the notaries who performed the closing, along with fines and penalties for failure to properly screen who they shared consumers and notaries private and financial information.
These two DOJ entities are going to be very busy looking at SS's who've snarked notaries over the last few years. It's been notorious, like the historic wild west stagecoach robberies, in plain view, right under our noses, and we notaries unknowingly perpetuated the activity. Some, not all, SS owners are also notaries, who like all of us, took an oath to uphold the US Constitution, among other promises, but who have failed to hold up their end of the deal by not paying notaries.
I hope you all have a wonderful day and holiday weekend. Be safe out there, CA is missing this latest storm, some how. It will be in the 70s here for the Christmas holiday. Be safe, and jolly. Law is behind every bush here making sure everyone is driving sober and sane.
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Reply by ReneeK_MI on 12/20/13 4:17pm
Msg #496773
Re: Where is it listed on this site please? TIA!
You have to log out to see it - log out, and then go to the home page, it's on the right hand side, below the NPBC logo/blurb.
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