Credit Reporting Act 2013
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Purposes for which information may be used by credit information provider | ||
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16. The purposes referred to in sections 14 (4) and 15 (4) are— | ||
(a) verifying information provided in or in connection with a credit application; | ||
(b) evaluating any risk arising from the affording or extending of credit to, or the taking of a guarantee or indemnity from, a credit information subject; | ||
(c) evaluating any risk arising from any changes to the nature or term of a credit agreement, or to a guarantee or indemnity given in connection with a credit agreement; | ||
(d) monitoring any failure to comply with any obligation under a credit agreement or a guarantee or indemnity given in connection with a credit agreement that has not been corrected; | ||
(e) evaluating whether to make any proposal or arrangement with respect to the debts of a credit information subject in circumstances in which a credit information subject has made a request for such an evaluation to be made; | ||
(f) analysing the nature of the credit information provider’s portfolio of credit agreements. |