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Frequently Asked Questions
Q: Is this even legal?
A: Yes. The research modus operandi (M.O.)
conforms to the stipulations of the Gramm Leach
Bliley (GLB) Act which governs the banking,
securities and insurance industries. It is
because of this law that, while Bank name,
Branch location and Account balances can be
disclosed, Account numbers cannot be.
The latter can be compelled via subpoena,
however.
Q: Why might I even need this kind of
information?
A: There are a variety of reasons that an asset
check will provide peace of mind. Among
them are:
You have a civil judgment and somebody owes you
money. Perhaps the assets of the opposing party
in a civil case, such as a divorce or commercial
dispute, are not clear or are being hidden.
You may be founding a business and want to
ensure your investors or partners have the
wherewithal and integrity to support your new
enterprise.
You may be a business owner who is owed money by
a vendor or former employee. Conversely, you
might be an ex-employee who got stiffed on a
last paycheck.
What if you need to screen a significant other
on their honesty before taking that next all
important step in your relationship?
Q: Is “pretexting” used to develop information?
A: No it is not. Legitimate methods are
used to detect subject accounts.
Q: What information will be revealed?
A: For bank and portfolio assets, you will get
the institution’s name, location and account
balance. For tangible assets, you will
learn assets such as corporations, real
property, vehicles, watercraft, and aircraft as
well as liabilities including bankruptcies, tax
liens and judgments.
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