Is a lender, in Namibia

Credit Bureau Regulations, 2014 (Government Notice 103 of 2014, Government Gazette 5518), regs. 3, 17, 20, 21, 23, 24, 28 and 30 · Read the law's page

• If you receive or investigate credit applications, credit agreements or payment histories, compile data from them and issue reports on individuals or businesses, register with the Bank of Namibia as a credit bureau before you offer the service, and do not also act as a credit provider or debt collection agency.
• Keep the consumer information you receive confidential, and release it to subscribers only as the data subject concerned has explicitly authorised in writing, subject to the other provisions of the regulation and any other law.
• Do not hold in your database or include in a credit report any information on a data subject's race, colour, ethnic origin, sex, religion or social or economic status.
• Do not sell, lease or transfer your credit performance information, apart from selling credit reports, except to another credit bureau with the approval of the Bank of Namibia; aggregated information may be sold only if the personal information of data subjects is not disclosed.
• Maintain rigorous standards of security and reliability, and protect data against loss, corruption, destruction, misuse, undue access or disclosure.
• Give a natural person who requests it a free copy of his or her credit report once every 12 months, inform the person of the right to challenge the information, and on a challenge endorse the report, ask the information provider for credible evidence within seven working days, and within 20 working days either give the person the evidence or remove the information and all record of it.
• Submit periodic returns and statistics to the Bank of Namibia in the format and frequency it determines, and furnish any record the Bank requests during an inspection.