Freddie Mac's Definition of; "What is a CPN?"
CPNs are commonly used by celebrities, members of Congress, and witnesses protected by the federal government to help protect their privacy and security. 07/18/2013; http://www.freddiemac.com/singlefamily/news/2013/0718_fraud_trends.html
FBI's Definition of; "What is a CPN, Piggy Backing, & Seasoned Tradelies?"
Account Numbers (SSANs). Currently, federal law allows individuals to legally use CPNs for financial reporting and protects those individuals who do not wish to disclose their SSAN. Individuals who acquire CPNs are completely responsible for any debt they incur using this number.
Wise Geek Definition of; "CPN Numbers and Legal CPN."
One truth about CPN usage is that there are many citizens of the United States that routinely use this type of identification number. Celebrities often use one as a means of protecting their privacy when it comes to credit cards, loans, and other financial transactions. Members of Congress are also likely to use it in order to minimize the chances of private details about their finances being released to the general public without their authorization. People placed within a witness protection program are often issued a CPN, as it is much harder to track than a Social Security number.
Wiki Answers; Definition of; "CPN Numbers and Legal CPN."
Title 5, Section 7 of Publication Law 93-579 of Government Organization and Employees Act: ...(a) (1) It shall be unlawful for any Federal, State or Local Government Agency to deny any individual any right, benefit, or privilege provided by law because of such individual's refusal to disclose his or her's Social Security Account Number. The law states that No federal, state, or local government agency may deny you any right, privilege or benefit due to your refusal to provide your SS # for any other reason than producing money for retirement account with the Social Security Administration, the IRS and your employer today. Credit Bureaus are not legally allowed to "require" your Social Security Number. In our country's present credit reporting system a person may be assumed guilty and then must expend a great deal of time and resources to prove his or her innocence. Additionally, once a negative item is in a credit file it may remain long past the 7 year time period most people believe is used. Additionally, a misreported item can show up in a credit report multiple times. When it comes to credit, banking and loans, there are two things you must know. The first relates to the law pertaining to the usage of your social security number as an identification tool. The second, credit bureaus are private companies and are not affiliated with the government in any way, whatsoever. Although, the credit bureaus would like you to think otherwise.
---What all this means is Federal Law protects those who do not wish to disclose their personal information (SS#) except when required to do so. All that to say: Instead of a Social Security Number, with the right planning, you now have the opportunity to establish a Credit Privacy Number (CPN), as it is your right to have one.
Transactions that cannot be conducted using a CPN include information given to an employer, documents submitted to the Internal Revenue Service, and registering a car or truck. The number also cannot be used when applying for one of the several government sponsored home loan options, such as Sallie Mae or a FHA loan. However, a legal CPN can be used when applying for credit cards and obtaining financing that is not government related.
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