Credit Reporting Act, 2007 (Act 726) - Revision history

Oblitey at 16:10, 21 September 2024

2024-09-21T16:10:51Z

← Older revision		Revision as of 18:10, 21 September 2024
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	====34. Credit bureau to observe privacy and secrecy principles====		====34. Credit bureau to observe privacy and secrecy principles====
	~~[As repealed by~~ the ~~Data Protection Act~~, ~~2012~~ (~~Act 843~~) ~~s.98~~(3)]		(1) A credit bureau, data provider or credit information recipient shall observe the following principles:
			:(a) the equality of credit information subjects;
			:(b) the confidentiality of information;
			:(c) non-interference in the private life of citizens;
			:(d) respect for the rights, liberties and lawful interests of persons and legal entities;
			:(e) accuracy and transparency of information; and
			:(f) privacy and secrecy of communication.

	(2) The Bank may issue statements of principle with respect to the conduct of persons licensed under this Act.		(2) The Bank may issue statements of principle with respect to the conduct of persons licensed under this Act.
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	====38. Right of modification and cancellation of information====		====38. Right of modification and cancellation of information====
			(1) Where a person who is the subject of information challenges the accuracy of information held by a credit bureau as illegal, inaccurate, erroneous, or outdated the person may
			:(a) request a review of the information held by the credit bureau, and
			:(b) support the request with evidence relevant to the establishment of the accuracy of the information in question.

	~~[As repealed~~ by the ~~Data Protection Act~~, ~~2012~~ (Act ~~843~~) s.98(3)]		(2) Where the error is attributable to information sources, a credit bureau shall notify the person to direct the claim to the data provider from where the information originated.

			(3) Where a person challenges the accuracy of information the credit bureau or the data provider shall take reasonable steps to seek evidence to support the challenged information and within the prescribed time after the filing of the challenge
			:(a) provide a copy of any credible evidence to the person who filed the challenge, or
			:(b) remove the information and records of the information from the files if the credit bureau is unable to find credible evidence in support of the information, and the credit bureau shall, at its expense notify any person who may have used the flawed information of the error and the rectification of the error.

			(4) (a) Where a person who challenges information held by a data provider or credit bureau, receives a copy of the credible evidence, the person may apply to the Bank in the prescribed manner and form within twenty working days after receiving a copy of the evidence.
			:(b) The Bank shall investigate the disputed information as a complaint under section 43 of this Act.

			(5) (a) A data provider or credit bureau may apply to the Bank to make an order limiting the obligation of the applicant to a consumer.
			:(b) The Bank may grant the order if satisfied that
			::(i) the request or requirement of the consumer is frivolous, unfounded or wholly unreasonable, or
			::(ii) the history and pattern of making requests or requirements is frivolous or vexatious.


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	====40. Refusal of inspection====		====40. Refusal of inspection====
	~~[As repealed by~~ the ~~Data Protection Act, 2012~~ (~~Act 843~~) ~~s.98~~(3)]		A credit bureau shall not refuse to permit a person to exercise the right to inspect a credit bureau file as specified in section 37(1)(c).

Oblitey at 16:01, 21 September 2024

2024-09-21T16:01:09Z

Oblitey at 15:54, 21 September 2024

2024-09-21T15:54:25Z

← Older revision		Revision as of 17:54, 21 September 2024
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	:(e) fulfil other obligations in accordance with any other law.		:(e) fulfil other obligations in accordance with any other law.


			===''Data protection provisions''===

	====24. Submission of information to credit bureaus====		====24. Submission of information to credit bureaus====

Oblitey at 15:52, 21 September 2024

2024-09-21T15:52:26Z

← Older revision		Revision as of 17:52, 21 September 2024
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	==ACT==		==ACT==

	===Supervisory and regulatory role		===''Supervisory and regulatory role''===

	====1. Supervisory and regulatory role of the Bank of Ghana====		====1. Supervisory and regulatory role of the Bank of Ghana====

Oblitey: Created page with "==ARRANGEMENT OF SECTIONS== ''Supervisory and regulatory role'' :1. Supervisory and regulatory role of the Bank of Ghana ''Licensing and regulation of credit bureau operations'' :2. Credit bureau licence :3. Application for licence :4. Application and licensing fees :5. Process for application :6. Licensing requirements :7. Conditions for grant of licence :8. Organisational and technical requirements for credit bureaus :9. Time limit for decision on application for cre..."

2024-09-21T15:51:18Z

Created page with "==ARRANGEMENT OF SECTIONS== ''Supervisory and regulatory role'' :1. Supervisory and regulatory role of the Bank of Ghana ''Licensing and regulation of credit bureau operations'' :2. Credit bureau licence :3. Application for licence :4. Application and licensing fees :5. Process for application :6. Licensing requirements :7. Conditions for grant of licence :8. Organisational and technical requirements for credit bureaus :9. Time limit for decision on application for cre..."

Show changes

← Older revision		Revision as of 18:01, 21 September 2024
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	::(ii) credit bureau, or		::(ii) credit bureau, or
	::(iii) a credit information recipient		::(iii) a credit information recipient
	shall afford the Bank access to its books, accounts, documents and the information required to conduct the inspection.		:shall afford the Bank access to its books, accounts, documents and the information required to conduct the inspection.
	:(b) A data provider, credit bureau, or a credit information recipient shall produce books, accounts, documents and the information required to conduct the inspection.		:(b) A data provider, credit bureau, or a credit information recipient shall produce books, accounts, documents and the information required to conduct the inspection.

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	::(iii) any person who has control of the article or document, or		::(iii) any person who has control of the article or document, or
	::(iv) any other person who may have the information sought, and		::(iv) any other person who may have the information sought, and
	take extracts from, make copies of books or documents on the premises relevant to the investigation, and		:take extracts from, make copies of books or documents on the premises relevant to the investigation, and
	:(f) use a computer system on the premises, or require the assistance of any person on the premises to use that computer system to		:(f) use a computer system on the premises, or require the assistance of any person on the premises to use that computer system to
	::(i) search data contained in the computer,		::(i) search data contained in the computer,
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	:'''"pecuniary penalty"''' means a fine imposed by the Bank;		:'''"pecuniary penalty"''' means a fine imposed by the Bank;
	:'''"person"''' means a natural and artificial person;		:'''"person"''' means a natural and artificial person;
	''prescribed'' means prescribed under this Act;		:'''"prescribed"''' means prescribed under this Act;
	:'''"private domain name"''' means an alphanumeric designation that is registered or assigned in respect of an electronic address or other resource on the Internet;		:'''"private domain name"''' means an alphanumeric designation that is registered or assigned in respect of an electronic address or other resource on the Internet;
	''public source"''' means the public agencies and registries specified under section 28 of this Act;		:'''"public source"''' means the public agencies and registries specified under section 28 of this Act;
	:'''"security agencies"''' means agencies connected with national security;		:'''"security agencies"''' means agencies connected with national security;