Veterinary Service Organizations - Low Risk Organizations Typically

                                      Classification - "Financial Institution"   NO
                                                                   "Creditor"                       YES

Although it’s highly unlikely veterinary service providers would fall within the definition of a “financial institution,” many are “creditors” under the Rule. Your business or organization is a “creditor” if you regularly:

                                  ... extend, renew, or continue credit
                                  ... an arrangement by which you defer payment of debt or accept deferred
                                      payments for the purchase of property or services i.e. you accept payments
                                      after the service was rendered
                                  ... accept insurance for covered services and the consumer is ultimately
                                      responsible for payment or pays a balance in arrears for items not covered
                                      by insurance.

You can email us for additional information at redflagsforvets@glbredflagcompliance.com 

We have a complete program available for just $99 if you do not take credit applications or run consumer reports. This includes the risk assessment - 123 page personalized PDF that you can print and put in a binder at your office. Training material and personalized red flag process
is included.

On-line training through Go-To-Meeting is available for just $50 additional.