Credit Reporting Act 2013


Number 45 of 2013


CREDIT REPORTING ACT 2013

REVISED

Updated to 29 October 2018


This Revised Act is an administrative consolidation of the Credit Reporting Act 2013. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.

All Acts up to and including Markets in Financial Instruments Act 2018 (25/2018), enacted 29 October 2018, and all statutory instruments up to and including Public Health (Alcohol) Act 2018 (Commencement) Order 2018 (S.I. No. 448 of 2018), made 1 November 2018, were considered in the preparation of this Revised Act.

Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to

revisedacts@lawreform.ie.


Number 45 of 2013


CREDIT REPORTING ACT 2013

REVISED

Updated to 29 October 2018


Introduction

This Revised Act presents the text of the Act as it has been amended since enactment, and preserves the format in which it was passed.

Related legislation

This Act is not collectively cited with any other Act.

Annotations

This Revised Act is annotated and includes textual and non-textual amendments, statutory instruments made pursuant to the Act and previous affecting provisions.

An explanation of how to read annotations is available at

www.lawreform.ie/annotations.

Material not updated in this revision

Where other legislation is amended by this Act, those amendments may have been superseded by other amendments in other legislation, or the amended legislation may have been repealed or revoked. This information is not represented in this revision but will be reflected in a revision of the amended legislation if one is available.

Where legislation or a fragment of legislation is referred to in annotations, changes to this legislation or fragment may not be reflected in this revision but will be reflected in a revision of the legislation referred to if one is available.

A list of legislative changes to any Act, and to statutory instruments from 1982, may be found linked from the page of the Act or statutory instrument at

www.irishstatutebook.ie.

Acts which affect or previously affected this revision

Markets in Financial Instruments Act 2018 (25/2018)

All Acts up to and including Markets in Financial Instruments Act 2018 (25/2018), enacted 29 October 2018, were considered in the preparation of this revision.

Statutory instruments which affect or previously affected this revision

Credit Reporting Act 2013 (Section 26) (Fees) (Amendment) Regulations 2018 (S.I. No. 348 of 2018)

Credit Reporting Act 2013 (Section 26) (Fees) Regulations 2018 (S.I. No. 91 of 2018)

Credit Reporting Act 2013 (Section 24) (Notices) Regulations 2016 (S.I. No. 489 of 2016)

Credit Reporting Act 2013 (Section 20) (Verification of Identity of Credit Information Subjects) Regulations 2016 (S.I. No. 488 of 2016)

Credit Reporting Act 2013 (Section 17) (Access to Central Credit Register) Regulations 2016 (S.I. No. 487 of 2016)

Credit Reporting Act 2013 (Section 11) (Provision of Information for Central Credit Register) Regulations 2016 (S.I. No. 486 of 2016)

Credit Reporting Act 2013 (Section 6) (Additional Personal Information) Regulations 2016 (S.I. No. 485 of 2016)

Credit Reporting Act 2013 (Commencement) Order 2014 (S.I. No. 19 of 2014)

All statutory instruments up to and including Public Health (Alcohol) Act 2018 (Commencement) Order 2018 (S.I. No. 448 of 2018), made 1 November 2018, were considered in the preparation of this revision.


Number 45 of 2013


CREDIT REPORTING ACT 2013

REVISED

Updated to 29 October 2018


CONTENTS

PART 1

Preliminary and General

Section

1. Short title and commencement

2. Interpretation

3. Regulations and orders

4. Expenses

PART 2

The Central Credit Register

5. Central Credit Register

6. Personal information

7. Credit information

8. Period for which information may be held on Register

9. Application for amendment of information held on Register

10. Notification of decision on application for amendment

11. Duty of credit information provider to provide information for Register

12. Duty to provide information about foreign credit

13. Statement explaining information

14. Duty to access information on Register

15. Power to access information on Register

16. Purposes for which information may be used by credit information provider

17. Access to Register: supplementary

18. Notices of suspected impersonation

19. Data protection

PART 3

Duties of Credit Information Providers

20. Verification of identity of credit information subjects

21. Verification of accuracy of credit information

22. Informing credit information subject of suspected impersonation

23. Ensuring that credit information subjects are aware of rights and duties

24. Informing credit information subjects of duty to provide information

PART 4

Levy and Fees

25. Levy on credit information providers

26. Fees

PART 5

Enforcement

27. Enforcement

28. Enforcement: supplementary

29. Offences

PART 6

Miscellaneous

30. Power of Bank to produce credit scores and anonymised information

31. Accountability of Bank

32. Prohibition on unauthorised disclosure of information

33. Prosecution of offences

34. Amendment of section 33AK of Central Bank Act 1942

35. Amendment of section 5 of Central Bank (Supervision and Enforcement) Act 2013



Number 45 of2013


CREDIT REPORTING ACT 2013

REVISED

Updated to 29 October 2018


An Act to make provision for the establishment, maintenance and operation of a central credit register for the holding of information about credit applications and credit agreements and parties to them; to make provision about the information to be provided for entry on the register; to make provision for access to the information held on the register for the assessment of creditworthiness and other purposes; to impose duties on parties to credit agreements; to amend the Central Bank Act 1942; and the Central Bank (Supervision and Enforcement) Act 2013; and to make provision for related matters.

[23 rd December, 2013]

Be it enacted by the Oireachtas as follows:

Annotations:

Editorial Notes:

E1

Central Bank excluded from definition of public bodies in Freedom of Information Act 2014 (30/2014) in so far as it relates to certain records of this Act (14.10.2014) by Freedom of Information Act 2014 (30/2014), s. 6 and sch. 1 part 1(b)(ii), commenced as per s. 1(2).