Qualified enrollees must be permitted entities, as defined in PL115-174, and must possess an employer identification number (EIN). Each permitted entity will be required to submit a certification in accordance with the Banking Bill.
- Permitted Entity – A financial institution, as defined in as defined section 509 of the Gramm-Leach-Bliley Act (15 U.S.C. 6809), or service provider, subsidiary, affiliate, agent, subcontractor, or assignee of a financial institution Pub. L. No. 115-174.
- EIN - An EIN, also known as a Employer Identification Number, identifies a business entity. If you need an EIN, contact the IRS.
- Certification Statement – A signed declaration the permitted entity provides to Social Security at least every two years that includes the following four declarations:
- The entity is a permitted entity.
- The entity is in compliance with the Banking Bill.
- The entity is, and will remain, in compliance with its privacy and data security requirements, as described in Title V of the Gramm-Leach-Bliley Act (15 U.S.C. 6801 et seq.), with respect to information the entity receives from the Commissioner pursuant to this section.
- The entity will retain sufficient records to demonstrate its compliance with its certification and this section for a period of not less than two years.