Credit Card = Physical Address per USA PATRIOT Act!

[rick_reno]

This page has some information on Patriot Act banking requirements, it's titled "USA Patriot Act Requires Banks To Implement Customer Identification Programs"
"The Rule provides that a bank generally must obtain a residential or business street address for a customer who is an individual. The Agencies felt that it was important for law enforcement agencies to be able to contact a customer at a physical location."

It's got some text about the Amish, who apparently don't like being identified with a number. Anyone know more about this?

"The Rule requires banks to obtain an identification number from every customer opening an account. For U.S. persons, that identifying number must be a social security number or a taxpayer identification number (TIN). There are no exceptions. Agency guidance on the implementation of the Rule has indicated that even members of sects, such as the Amish, that do not want to be identified by a number, still will be required to provide a social security number at account opening."

 

[Baba Louie]

I thought that you needed a street address for the ATF(E)'s 4473 form as well. At least I was told that by two different gun dealers here in Las Vegas. I was told that my PO box address would not work for that purpose.
Maybe that's a Clark County requirement only for the registration of "concealable weapons", eh?

Idunno

 

[sigman4rt]

Yeah, I have a friend that lives on northern Me. His physical address is something like, East lake road, T4R8, Maine.
Yes, 4473 does require a physical adress, that's federal not local or state.
Now what's this crap about not being able to pay more than 5% of the outstanding balance on a credit card. By law? When and where did this sneak up on me?

 

[Byron Quick]

SNAFU, one government agency won't give physical addresses to some locales and another government agency will not accept anything but physical addresses. The wonders of the bureaucratic mind.

 

[Turtle Club]

Captiol One pays David Spade too much money, so they are afraid, people might go past due. They simply want to file a lein on your proprty, and sue you so they can pay David Speade to make another comercial.

Dude, you should have said "I predict a 'NO'-storm" or "Marko...Pole-NO" or "'NO' way Jose"

That would be funny. I have a PO BOX. I should call Capital One now and mess with them.

 

[Double Naught Spy]

rick_reno, that is interesting given that this page http://www.ots.treas.gov/docs/4/48938.html (click on Section 326 requirements) fails to mention anything about an actual physical residence, just an address.

The bank does not have to require it either. It is simply part of the customer identification program. The bank may require it, but it doesn't appear specifically required under Sec. 326.

 

[R.H. Lee]

I have Capitalone and all I have is a P.O. Box. But I'm sure my residence address is on my credit report, also.

 

[Smoke]

US PATRIOT Act is an acronym for: Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism.

Under the Patriot Act is BSA (Bank Secrecy Act) and CIP (Customer Identification Program) also known as the "Know Your Customer" law.

Info here: http://www.occ.treas.gov/pubinf.htm

A host of other things fall into that category as well. CIP as far as I know does not require a physical address. But whatever information that is gathered under CIP must reconcile with one (1) address.

IF you open an account and tell me an address, and your State (DL) does not show the same address, we got a problem to explain (but it can be explained...) If the info doesn't jive we can't open the account. Perhaps you gave something that documented a physical address when the account was opened and now they are trying to reconcile their paperwork.

Or perhaps they are afraid you are going to default on your card and want to know where to look for you.

Smoke

 

[TinCup]

"More likely they (Capitol One) wants your physical address, knowing that you probably won't bank with them if they told you truth (they don't trust you not to rip them off), instead they blame the Patriot Act."

More than likely they want your address so they can send someone to your house looking for you if you get behind on your payment and won't return their phone calls...I had a guy from Capital One knock on my door asking me questions about my next door neighbor. Even told me the neighbor was behind on his payments and he had been sent out looking for him because the neighbor wouldn't return their phone calls! The guy got rather indignant with me when I made him get off my property.

 

[YankeeRebel]

I hold a FAA flight instructor certificate which I must renew every two years. About six years or so ago they told us that should we use a PO Box as our address we MUST provide to them a map of how to get to our place of residence. This rule also applies to anyone that gets a pilot certificate.

 

[Brad Johnson]

Art Eatman wrote-

Street address I ain't got no of, anyway. My driver's license and my CHL both show mileage and compass direction from the Terlingua Post Office. We don't really have named streets, down here. I gay-rawn-tee you that even with a topo map you're in deep doo-doo in trying to find my house.

Hey Art, nothing like a challenge

Jeez, weez man.. what a list of property records. How much property do you own?! You must be single-handedly supporting the whole dang county!

Brad

 

[Waitone]

Why do you assume the credit card company is tell you the truth. Next time ask the nice human to provide statute references.

 

[loisfromcenterfire]

Credit card customer service reps

Keep in mind, the customer service representative is most likely an individual working for a 3rd party company. Although the representatives receive specific training on how to respond to the most popular questions asked, they don't always use their scripted, company approved responses. I've watched as one person pops off a creative answer from the top of his head, and suddenly half the call center is using the same innacurate response. The company may very well have a policy on requiring physical addresses, but the reason you were given may not be correct one. Just a thought.

 

[Art Eatman]

Naw, Brad, I've just picked up some cheap tracts, here and there. It sorta added up over the last 30-some years. Back then, few wanted it. Now, well, , times have changed.

What's intriguing about all this Internet and address stuff is that a buddy of mine made up an address for the UPS man. Nobody else has ever used that address except the two of us. But, if you put my phone number into Google, that address shows up!

Sadly, there is just Wun Leetle Problem: Where they put the location "star" is three city blocks--roughly--off the pavement, where "300" would be in a city. Too bad, only off by four miles...

, Art

 

[artherd]

http://www.upsstore.com/ (formerly Mailboxes Etc.) for great mail-forward/box service that appears just like a business suite address.

Nobody has my physical address, title is held in corporate name, etc. Paranoid? No, responsible, yes!

 

[Coronach]

It's got some text about the Amish, who apparently don't like being identified with a number. Anyone know more about this?

Dunno about banking in general, but I'm pretty sure they're a miniscule part of the credit card market.

You also won't find much demand for high-speed internet out in the rural sections of Lancaster County, Pennsylvania.

Mike

 

[Brad Johnson]

Art,

Curious about your water. Is Terlingua and surrounding environs on piped-in water or do you have access to good subsurface H2O?

Brad

p.s. - So, next year, when we all come stay at your place for the Terlingua Chili Cook Off, are we gonna have the "First Annual High Road Terlingua Chili Swilling And Randomly-Shooting-Stuff-Off-Art's-Porch" get together?

 

[Daniel T]

p.s. - So, next year, when we all come stay at your place for the Terlingua Chili Cook Off, are we gonna have the "First Annual High Road Terlingua Chili Swilling And Randomly-Shooting-Stuff-Off-Art's-Porch" get together?

Sounds like a blast!

 

[pete f]

for six years i had as my mailing address and legal address too
my name
General delivery,
town state zip


I was living on a boat moored in a river on the coast. I had not problem dealing with taxes or banks in that time.