|
CAN I
CHECK INTO SOMEONE'S BANK OR BROKERAGE ACCOUNTS?
Due to the passage of a law
over 4 years ago entitled the GRAMM-LEACH-BLILEY
Act and some very recent actions by the
Federal
Trade Commission, all financial investigations
such as Bank Account and Brokerage Account searches must
have a permissible purpose. The
investigative methodology must also comply with all restrictions
of the Gramm-Leach-Bliley Act, the FTC conditions and
the privacy act.
According to attorneys from the FTC, there is only one
permissible purpose contained as an exemption in GLB and
the FTC interpretation thereof. That one exemption is
for child support collection in conjunction with a court
order.
In effect, there is no way to collect on a debt, even
with a judgment from the court, unless it’s for child
support!
In plain terms, unless your Debtor or Defendant, whom
you have a court issued judgment against, willingly volunteers
to give you the location of his/her bank account or brokerage
account, that court document isn’t worth the paper it’s
written on.
If that seems to favor the wrong side of the parties involved,
blame it on the less than pragmatic politicians in Washington,
who sponsored and passed this law.
If you feel that you or your client’s legal and just claim
against an individual or company should be collected,
write to your Congressmen and Senators urging an amendment
to this biased law.
CAN YOU PERFORM
SEARCHES OUTSIDE THE UNITED STATES?
Some of our research services can be done in other
countries, i.e criminal background investigations, some
limited telephone searches
and some due diligence research on business entities.
For the most part, the bulk of our efforts are
concentrated in the United States. Call us if you have
an international request. If we don't do it, we might
know someone who we can refer you to.
WILL THE
PERSON I AM INQUIRING ABOUT BE NOTIFIED OR FIND OUT
ABOUT MY SEARCH?
No, none of
our research requires contacting the subject. Our
correspondent's, in-house staff and the databases we
utilize are all isolated from the subject and in all
cases from you. |
Frequently
Asked Questions (FAQ)
If
you have questions: