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FACTA Storage Law
Are you in compliance?
TIME Record Storage will keep you in compliance with the proper storage and disposal of your business records.
The Fair and Accurate Credit Transactions Act (FACTA) is a consumer rights bill that applies to virtually every person and business in the United States. It was created to help protect the privacy of consumer information and reduce the risks of identity theft that were created through improper storage and disposal of consumer reports or any information from one. FACTA's specific document destruction rules become effective June 1, 2005.
The FACTA rule requires any business "that maintains or otherwise possesses consumer information, or any compilation of consumer information, derived from consumer reports for a business purpose" to "properly store and dispose of such information or compilation."
FACTA holds your business responsible for proper storage and disposal of information.
Given the confusing situation regarding which business records are covered by FACTA, perhaps the safest policy for businesses to adopt is to consider all their records containing consumer information to be part of their safe storage and disposal policy, even if not all their records technically fall under the definition of consumer information as defined by FACTA.
TIME Record Storage provides safe and secure FACTA Storage facilities. Each of our conveniently located storage facilities are equipped with the most technologically advanced security and fire detection systems that are independently monitored for additional security.
When picking up or delivering your documents TIME Record Storage uses its' own vehicles with a staff of two men on each truck so your documents are never left unattended.
Our staff go through extensive background checks so you can always be confident with the people handling your documents.
We would be happy to provide you with a comprehensive list of our services and costs.
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