Act 2011
قانون الاستعلام والتصنيف الائتماني لسنة 2011 (Credit Information and Rating Act 2011)
Plain-English summary
Governs the credit information and rating agency. Imposes confidentiality and data-security duties on the agency (Arts. 5, 14, 15, 28), lets customers obtain their credit report and appeal inaccuracies (Art. 18), and obliges information providers to correct proven errors within 10 days (Art. 16(4)).
Who it applies to
Banking · NBFC / Non-bank Lending
Topics
Conduct & Consumer Protection Data Protection & Privacy
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Credit information: customer access, appeal and correction of errors | Ongoing; appeals reviewed within 15 days | CBOS | official | |
Art. 18 lets a customer obtain a copy of their credit report and appeal its accuracy; the agency must review an appeal within 15 days (Art. 18(3)) and the customer may escalate to the Governor within two weeks (Art. 18(4)). Art. 16(4) requires information providers to correct proven errors within 10 days, and Art. 17(6) requires users to tell a customer when a credit report is used in a financing decision. This is a sector rule, not a general data protection regime. |
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| No obligations match these filters. | ||||
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