GRAMM LEACH BLILEY ACT


Are you aware of the Gramm Leach Bliley Act? You should if you’re a client of Rental Services, Inc. or you access personally identifiable information as part of a resident screening report. We’ve posted a copy of the Gramm Leach Bliley Act on the RSI website and we recommend taking a moment to review the complete document.

Rental Services, Inc GLBA link.

Comments

Post a Comment

Popular posts from this blog

Renting To Young Adults

I recently read an opinion from a person in the apartment industry that I found to be interesting. He states that he has seen an alarming trend of younger and younger debtors sent to collection by apartment communities. People 18 and 19 years old may legally sign a contract but most won't understand or remember it. If no co-signor or guarantor is on the lease many people of this age are not responsible enough to be given control of an asset valued in the tens of thousands of dollars. I agree on face value. However, if you have strong rental criteria in place the age of the applicant shouldn’t matter. When your tenant screening company conducts the background check they should be verifying income, rental history, credit, evictions and criminal records. Match this information up with your criteria and you increase your odds of getting a good renter regardless of age. Quality tenant screening and criteria decrease the chances of renting to individuals who can’t pay the rent. 
Read more

Rental Services, Inc. August 2019 Newsletter

Each day I talk to current and future clients about background screening and other industry related topics. The one question that I’m asked on a regular basis is what is the most important part of the background check? After I explain how every part is important and how each individual piece of information is needed to make an informed business decision, we talk about Forcible Entry and Detainers (otherwise known as an “FED” or “eviction” lawsuit). In my opinion an applicant who has a verified eviction is a high-risk renter. At Rental Services, Inc. we feel an eviction search is so valuable it is included with almost every screening package we offer. Industry studies have shown that applicants with an eviction are three times more likely to have another eviction and have double the number of apartment related collections.   At one time eviction records showed up on the credit report. However, on July 1, 2017, Equifax, Experian and TransUnion began to exclude most public t
Read more

The election and you!

Hello Apartment Industry Advocates! With the election a mere five weeks away, it seems appropriate to devote this edition of the Apartment Industry Mobilization Service (AIMS) communication to our role as advocates for the apartment industry in the upcoming election. There is no denying it – this year’s election has the capacity to impact every level of government. Not only will control of the White House and House and Senate be decided on Election Day, but 11 governors and numerous state legislatures, city councils and mayors’ races, 166 statewide initiatives in 35 states and a staggering number of local community questions will also be determined. Although media attention may be focused on the presidential election, virtually everything federal, state and local policymakers do, or don’t do, impacts your business and your bottom line. So, no matter which side of the political aisle you’re on, your participation and vote on all these ballot items are vita
Read more