In 1998, Congress passed the Identity Theft and Assumption Deterrence Act, which officially made identity theft a federal crime.

Obviously, applicants with a minor misdemeanor conviction are more likely to get a license than applicants with a history of fraud or theft felonies. Aspiring realtors can request the Commission to review whether their criminal history may prevent them from getting licensed.

To obtain their real estate license, each applicant will need either a Social Security number (reserved for U.S. citizens) or an individual tax identification number (ITIN). They are also required to fulfill all licensing education requirements.

Under Section 66C of the IT Act, 2000, whoever, fraudulently or dishonestly make use of the electronic signature, password or any other unique identification feature of any other person, shall be punished with imprisonment of either description for a term which may extend to three years and shall also be liable to fine …

7 Steps to Fight Back Against Identity Theft

1. Place a Fraud Alert on Your Credit Report.
2. Review Your Credit Report.
3. Report Identity Theft to the FTC.
4. Assess the Damage and Report the Fraud.
5. Contact Your Creditors and Financial Institutions.
6. Report the Fraud to the Appropriate State and Federal Agencies.
7. Change Your Passwords.

-Whoever, fraudulently or dishonestly make use of the electronic signature, password or any other unique identification feature of any other person, shall be punished with imprisonment of either description for a term which may extend to three years and shall also be liable to fine with may extend to rupees one lakh. ]

The Federal Deposit Insurance Corporation (FDIC) is a deposit insurance program backed by the federal government that protects bank depositors for up to $250,000. The FDIC, however, does not cover instances of identity theft and the financial losses that may accompany it.

A conviction for an identity theft crime can result in time spent in jail or prison. In general, a conviction for a misdemeanor offense can lead to up to a year in jail, while felony sentences can result in several years or more in prison.

After filing an FTC identity theft report, you’ll receive a personalized recovery plan with tools like form letters to send to credit bureaus. You’ll also get an identity theft affidavit that you can review and update.

How Do I Fix My Credit After Identity Theft?

1. Take Immediate Action.
2. Place a Fraud Alert on Your Credit Reports.
3. File an Identity Theft Report.
4. Close Revolving Accounts That Have Been Affected.
5. Dispute Inaccurate Charges with the Credit Bureaus.
6. Be Proactive About Your Credit.

Here are 10 steps to take if you feel that you may have been a victim of identity fraud.

1. Notify affected creditors or banks.
2. Put a fraud alert on your credit report.
3. Check your credit reports.
4. Freeze your credit.
5. Report the identity theft to the FTC.
6. Go to the police.
7. Remove fraudulent info from your credit report.