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How To Do An Asset Search Compliant with The Graham-Leach-Bliley Act

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Published: 24Jan2011
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In 1999 Congress passed the Graham-Leach-Bliley Act. Prior to 1999 if you wanted an asset search you could hire a private investigator. That investigator would likely obtain identifying information about the subject of the investigation such as their social security number, date of birth, full name and address. Armed with this information they would contact financial institutions and use a pretext to obtain detailed information about the subjects financial accounts.

A pretext is basically where the private investigator would pretend to be the subject of the investigation and pretend they forgot their account information. They would provide the financial institution with the subjects information and get bank account numbers and balances etc.

Today most informed investigators understand that this practice is unlawful and unethical. but many investigators mistakenly believe that asset searches are also unlawful and there is no legal way to obtain such information. This is incorrect. There are still many methods to legally obtain financial information on a subject for a legally justifiable purpose.

Here are some perfectly legal and Graham-Leach-Bliley compliant methods:

1. Real Property, County Assessor - Find properly, mortgages, deeds, notes, trusts, quit claims

2. County Recorder Records- Find Power of Attorney, liens, judgments, trusts

3. Vehicles and Vessels- Find Cars, boats, aircraft, motorcycles

4. Business Ownership- Check for business licenses, yellow pages, professional licenses, corporations, LLCs, Better Business Bureau

5. Corporations- Corporation searches at Secretary of States Office, online data bases and Internet searches

6. Court Records- Divorce, criminal, civil litigation can all reveal financial interests

7. Contractor Registration- Contractor licence, fines, complaints

8. Professional Licenses- Search for licenses, complaints, sanctions

9. Unclaimed Property- Search each state for unclaimed funds

10. Ebay or PayPal Accounts- Largely overlooked in most investigations

11.UCC filings- Find loans and notes

12. Bankruptcies- Find debtors, accounts, businesses, other income sources

13. Online Social Networks- Find possible employment assets , property, business interests, web sites

14. Spouse on all of above if community property state.

As you can see a seasoned investigator can and will find legal methods that will reveal subjects assets without breaking or even bending any laws. Of course a seasoned investigator will have tricks of their own that again are perfectly legal but are a tightly held secret that would never be published in an article.

If you have a legal legitimate purpose to investigate another persons assets there are professional investigators that can legally uncover hidden assets and even bank account information. You just have to be realistic in your expectations and not ask the investigator to act unlawfully when they go about recovering the information you need.

For assistance in performing an Asset Search Investigation contact Ed Opperman Pres of Opperman Investigations Inc through his web site http://www.emailrevealer.com/

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