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Law / Chile

Ley 20.575, purpose limit on economic and commercial data and who may receive it (Articles 1 and 2)

Ley 20.575 arts. 1 and 2, Establece el Principio de Finalidad en el Tratamiento de Datos Personales (principio de finalidad y distribuidores)

In force since .

A data brokers rule binding private bodies.

Audit expectation
none

What it requires

  • Process economic, financial, banking and commercial personal data only for the evaluation of commercial risk and the credit process (Article 1).
  • Communicate such data only to established commerce, for the credit process, and to the entities that take part in the evaluation of commercial risk, and only for that purpose (Article 1).
  • Do not require this information in personnel selection, pre-school, school or higher education admission, emergency medical care or applications for a public post (Article 1).

These lines are LexLint's reading of the law's text.

What it makes you log

Logging duty

Articles 1 and 2 limit the purpose and the recipients of economic, financial, banking and commercial data. They name no log, no audit, no access party and no retention period in these articles; the access log is read on the row that cites Article 3. The act carries no territorial clause, so the hook is empty.

Kind
None
As of

What this law does

Drafted with AI

Drafted with AI from the cited sources under the direction of UnGovr staff. UnGovr holds editorial responsibility for this page. How this site is made

Research summary

Legal information, not legal advice. This is LexLint's own research summary of a public legal source, and it creates no attorney-client relationship. For decisions that matter, consult qualified counsel in the relevant jurisdiction. About LexLint

For personal data of an economic, financial, banking or commercial nature under Title III of Ley 19.628, the purpose of processing is exclusively the evaluation of commercial risk and the credit process. Such data may be communicated only to established commerce, for the credit process, and to the entities that take part in the evaluation of commercial risk, and only for that purpose.

This information may in no case be required in personnel selection, pre-school, school or higher education admission, emergency medical care or applications for a public post. Distributors of this information are the natural or legal persons who directly carry out the processing, communication and sale of the data on economic obligations.

When LexLint raises it

When your app profile says your app processes personal data.

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