Law / Kazakhstan

Law on Credit Bureaus and Formation of Credit Histories, rights of the subject of a credit history

Law of the Republic of Kazakhstan on Credit Bureaus and Formation of Credit Histories No. 573 (), Arts. 17, 21 and 22

In force.

A data subject rights rule binding public and private bodies.

Audit expectation
none

What it requires

  • A credit bureau must give the subject of a credit history a credit report about the subject once in a calendar year free of charge, and free information about the subject's own credit scoring, and must give a credit report to a recipient only on confirmation of the subject's consent, except in the case Article 25(4) provides.
  • A credit bureau must submit a corrected credit report to the recipient and to the subject within five calendar days of detecting that a report it gave out differed from what the information providers sent it, and on the subject's application must name the information provider that supplied contested information.
  • An information provider must consider a subject's application to correct unreliable information, which Article 22(7) allows the subject to make.

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

Who enforces it

Settledness

As of

What it makes you log

Logging duty

Articles 17, 21 and 22 give the subject of a credit history rights over reports and oblige the credit bureau to meet them. They state no duty to create, keep or produce a log or record.

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

Article 21(2) of the Law on Credit Bureaus gives the subject of a credit history the right to receive a credit report about the subject once in a calendar year free of charge. Article 22 lists the subject's rights, among them to consent to a recipient's receipt of a credit report, to receive a credit report about oneself, to state disagreement with information in it, to ask the credit bureau for a corrected report and to require the information provider to correct unreliable information.

Article 17(1) obliges the credit bureau to submit credit reports in the presence of confirmation of the subject's consent and to provide a corrected report within five calendar days of detecting a discrepancy. Article 32 leaves liability for violating the Law to the laws of Kazakhstan.

When LexLint raises it

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