Szabo Measure to Help Deter Identity Theft, Fraud Signed into Law

DENVER—Colorado consumers will continue to be protected from fraud, thanks to a measure that was signed into law today that will keep the Identity Theft and Financial Fraud Board operating.

Senate Bill 108, sponsored by State Rep. Libby Szabo, extends the repeal date of the Identity Theft and Financial Fraud Deterrence Act from July of 2011 to Sept. 1, 2016. 

           

“Identity theft and fraud can ruin a person’s life.  That’s why this identity theft and fraud board is so important,” said Szabo, R-Arvada.  “I’m proud that the board will continue its work on behalf of all Coloradans, including seniors, families, small businesses.”

According to the Legislative Council, the unit has “provided 115 training sessions to the public, financial institutions, and law enforcement. The unit also has been directly involved in cases resulting in the arrest of 70 thieves who stole more than $30.6 million from 463 victims.”

“The board has done a tremendous job of protecting Coloradans,” Szabo added.  “This bill ensures that the board will continue its work against these expensive and harmful crimes.” 

The bill’s Senate sponsor was Cheri Jahn, a Democrat from Wheat Ridge. 

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