ITADA financial definition of ITADA
Identity Theft and Assumption Deterrence Act of 1998 (redirected from ITADA)
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Identity Theft and Assumption Deterrence Act of 1998
Commonly abbreviated ITADA. Legislation in the United States that made it a federal offense to use another person's identifying information to commit a federal, state or local crime. It also authorized the Federal Trade Commission
to register complaints of identity theft
and all federal law enforcement agencies to investigate and prosecute them. The passage of ITADA marked the first time that identity theft became a crime in itself in the United States.
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References in periodicals archive
Credit freezes would address the ITADA's failure to account for the fact that identity theft is unavoidable, undetectable, and unstoppable.
The FTC's Identity Theft Data Clearinghouse (Clearinghouse) was created after the passage of the ITADA. See id.
There is debate about whether the ITADA definition is too broad.
Consistent with these provisions to assist consumers who are victims of identity theft, the FCRA defines "identity theft" more narrowly than the ITADA, taking it to be a fraud committed or attempted using the identifying information of another person without authority (16 CFR [section]603.2).
Identity theft, as the legislative history of ITADA
amply demonstrates, is a serious problem.
(106) The ITADA
is similar to the state laws that contain open ended language making identity theft a crime for "any unlawful activity." See 18 U.S.C.