Is an insurer, in Libya

Credit Inquiry System Regulation of the Libyan Credit Information Center, 2023 (Central Bank of Libya) · Read the law's page

• If you run the Libyan Credit Information Center, keep credit information confidential and private, and do not publish it or use it for purposes the Credit Inquiry System Regulation does not set out.when it serves a public body
• If you run the Libyan Credit Information Center, do not keep credit information on a borrower's accounts that could have a negative effect on the borrower's access to financing for more than ten years from the date those accounts are closed.when it serves a public body
• If you run the Libyan Credit Information Center, set up a mechanism for receiving customers' complaints and procedures for deciding them, and where a customer's objection is upheld investigate it and correct, complete or update the information within 15 days.when it serves a public body
• If you are a financial institution that grants financing and is a member of the Center, keep a database of the complaints you receive about credit data and the results of examining them.when it serves a financial business
• Expect the Central Bank of Libya to inspect and audit you as a member of the Center at any time if there are indications that you breached the regulation.