"Account"--means a continuing relationship established by a person with a creditor to obtain a product or service for personal, family, household or business purposes. It includes:
- an extension of credit, such as the purchase of property or services involving a deferred payment (payment plan)
- a deposit account
"Covered Account" is:
- an account that a creditor offers or maintains, primarily for personal, family, or household purposes, that involves or is designed to permit multiple payments or transaction and
- any other account that the creditor offers to maintain for which there is a reasonably foreseeable risk to customers or to the safety and soundness of the creditor from identity theft, including financial, operational, compliance, reputation, or litigation risks
"Identity Theft" is a fraud committed or attempted using the identifying information of another person without authority
"Red Flag" is a pattern, practice, or specific activity that indicates the possible existence of identity theft
"Service Provider" is a person that provides a service directly to the financial institution or creditor