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42 U.S. Code § 405b. Reducing identity fraud
(a) Purpose
The purpose of this section is to reduce the prevalence of synthetic identity fraud, which disproportionally affects vulnerable populations, such as minors and recent immigrants, by facilitating the validation by permitted entities of fraud protection data, pursuant to electronically received consumer consent, through use of a database maintained by the Commissioner.
(b) DefinitionsIn this section:
(1) Commissioner
The term “Commissioner” means the Commissioner of the Social Security Administration.
(2) Financial institution
The term “financial institution” has the meaning given the term in section 509 of the Gramm-Leach-Bliley Act (15 U.S.C. 6809).
(3) Fraud protection dataThe term “fraud protection data” means a combination of the following information with respect to an individual:
(A)
The name of the individual (including the first name and any family forename or surname of the individual).
(B)
The social security number of the individual.
(C)
The date of birth (including the month, day, and year) of the individual.
(4) Permitted entity
The term “permitted entity” means a financial institution or a service provider, subsidiary, affiliate, agent, subcontractor, or assignee of a financial institution.