Permissible Purpose for Investigations
These following Asset Searches are considered to be a Liquid Asset Search when utilizing a social security number and are subject to certain restrictions under applicable Federal Law:
• Bank Searches
• Investment/Brokerage Account Searches
We require certification of acceptable permissible purpose to conduct this search as required by state privacy laws, Fair Credit Reporting Act, Fair Debt Collection Practices Act, and/or Gramm-Leach-Bliley Act. We follow all of these laws and Acts and never pretext.
Viable reasons for conducting a bank search and/or investment/brokerage search:
• Debt or Judgment Collection: for use in the collection of an existing debt/judgment that is owed by, or is the financial
responsibility of, the search subject.
• Authorized Matrimonial Investigations: Court Order required.
• Court Order or Subpoena : Please contact our office for more information.
• Tort Settlement: for use in assessing a business transaction, such as an offer to settle a claim for injuries, damages, costs, or other expenses arising from a tort (wrongful act). The purpose of the investigation is to assist in the
determination of the economic viability of the settlement offer made by the search subject in relation to:
• Settlement offer has been made by the search subject, or party representing the interests of the search subject (such as their insurer);
• Claim(s) for damages, injuries, losses, etc., exceed the proposed settlement amount;
• If the proposed settlement were to be accepted, a benefit will inure to the search subject in that they would be released from liability for claims over and above the proposed settlement amount.
• Authorized Estate Investigation: investigation for use in administration of the estate of a decedent, or a person adjudged to be incompetent, which will identify assets. Search must be requested by the executor or personal
representative of the decedent or incompetent individual.
Please note: a copy of all applicable documents required for verification, including death certificate.
• Written Permission of the Consumer to Whom it Relates: a party requesting the search of his/her own personal assets.