Credit Reporting Act 2013


Duty to access information on Register

14. (1) A credit information provider shall make an application to access information held on the Register which relates to a person who has made a relevant credit application to the credit information provider.

(2) Subsection (1) does not apply if the credit information provider has made an application to access the information not more than 7 days before the relevant credit application is made.

(3) Subsection (1) shall be complied with no later than the date on which a decision whether to provide credit is made in response to the relevant credit application.

(4) Information accessed as the result of an application under subsection (1) may be used by the credit information provider only for a purpose specified in section 16.

(5) A credit application is a relevant credit application for the purposes of this Act if the amount of the loan or facility applied for is at least the amount provided for by subsection (6).

(6) The amount referred to in subsection (5) is—

(a) such amount as is for the time being specified by order under subsection (7), or

(b) where no amount is for the time being so specified, €2,000.

(7) The Minister may, from time to time, review the amount for the time being provided for by subsection (6) and may, following consultation with the Bank and having regard to changes in the consumer price index, the implications for the effective and efficient operation of the Register and the effect on credit information providers and credit information subjects, by order specify a different amount instead of that amount.

(8) The Minister may revoke an order under subsection (7) without specifying another amount (in which case the amount specified in paragraph (b) of subsection (6) is the amount provided for by that subsection).