North Carolina Identity Theft Protection Act of 2005
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The North Carolina Identity Theft Protection Act of 2005 is a series of broad laws that was passed by the General Assembly of the U.S. state of North Carolina to prevent or discourage identity theft as well as guarding and protecting individual privacy.
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[edit] Summary
The laws were designed to restrict the use of a consumer's social security number, and to protect the encoded information on credit, debit and other cards with consumer and financial information. "Skimming", a process of defrauding consumers by scanning this encoded data, is prohibited under this act and the notification of individuals who had been chiseled was given precedence. North Carolina consumers where given the right to obtain a Security Freeze and the right to sue for civil damages in the event of identity fraud / theft. The Act covers everything from rights to penalties. SESSION LAW 2005-414 and SENATE BILL 1048. The Act applies to banks and finanial institutions, and businesses. Companies located in and out of North Carolina that conduct business in state or keep personal information of state residents are required to comply. They must abide by all the requirements as none can be waived.
[edit] Ratified
- Approved 10:50 a.m. on the 21st day of September, 2005.
- The General Assembly ratified the act on 23-August-2005. Portions of the act were effective 01-December-2005, with other sections being effective in October 2006 and July 2007.
- The act was signed by Beverly E. Perdue (President of the Senate), James B. Black (Speaker of the House of Representatives) and Michael F. Easley (Governor).
[edit] Other states that have passed similar laws
Laws of this nature are being passed by legislatures all over the United States. Colorado, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Minnesota, Montana, Nevada, New Mexico, North Dakota, Ohio, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia and Washington have passed laws relating to identity theft.
