credit bureau definition

credit bureau means an entity specialised in the collection and sale of credit performance information for individuals and businesses and registered as a credit bureau;

credit bureau means a collector and compiler of data on individuals or businesses who makes such information

credit bureau means a person who, for compensation, gathers, records, and disseminates information relating to the creditworthiness, financial responsibility, and paying habits of, and similar information regarding, a person for the purpose of furnishing that information to another person.

Examples of credit bureau in a sentence

• Any audit of the Subscriber’s systems will be undertaken solely for the purpose of ensuring compliance with the terms and conditions of this Agreement and such information will be held in confidence unless this information is required to be provided to a Credit Bureau, the National Credit Regulator, to satisfy any requirement in law or to the court of law.

• Credit Bureau inquiries may be made (with proper authorization by the participant) in the following circumstances:• At the time of final eligibility determination• When an allegation is received by the SCHA wherein unreported income sources are disclosed.• When a participant's expenditures exceed his/her reported income, and no plausible explanation is given.

• The Subscriber hereby indemnifies Accountability and/or the applicable Credit Bureau from any claims of whatever nature arising as a result of any actions taken or reliance made on information provided by Accountability and the Credit Bureau concerned.

• In the event that a member terminates its membership with Accountability and such former member receives payment from a debtor whom it had listed as a default payer with any Credit Bureau, the former member retains the legal obligation in terms of Section 71A of the NCA, to update the relevant credit record.

• Appendix D: Availability of Credit Bureau DataThe Reporte Crediticio de Deudores comprises the information reported monthly by banks to the regulator for each debtor.

More Definitions of credit bureau

credit bureau means a Credit Bureau as defined in Section 43 of the NCA and registered as such with the National Credit Regulator of South-Africa;

credit bureau means a person required to apply for registration as such in terms of section 43 (1);

credit bureau means a credit bureau recognised as such by the Authority by notification in the Gazette for the purposes of this Schedule;

credit bureau means a Credit Information Company granted certificate of registration by the Reserve Bank of India for collection and dissemination of credit information.

credit bureau or “credit reporting agency” means any person engaged exclusively in the business of gathering, recording, and disseminating information about the credit-worthiness, financial responsibility, paying habits, and character of persons being considered for credit extension.

credit bureau means a consumer reporting agency as defined in 15 U.S.C. Sec. 1681a.

credit bureau means a collector and compiler of data on individuals or businesses who makes such information available to subscribers allowing them to evaluate the financial stability of such individuals or businesses;