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Identity Theft and Assumption Deterrence Act
Also known as: ITADA
Definition: This law formally classifies identity theft as being a Federal crime with penalties that may include up to 15 years imprisonment and a maximum fine of $250,000. Furthermore, it outlines that the person whose identity was stolen is, in fact, a “true victim”, and enables them to obtain restitution if the accused is legally convicted. It also positions the Federal Trade Commission (FTC) as the central institution authorized to act as a clearinghouse for complaints, referrals, and resources in assisting the victims of identity theft.
Sources: CACG [?]
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