UzbekistanLaw on the Exchange of Credit Information (credit bureaus)
Law No. ZRU-301 (), Arts. 6, 7, 8, 12-1, 14, 19, 22 to 24 and 28
In force since .
A data brokers rule binding private bodies.
- Instrument type
- an act of a legislature
- Obligation class
- Licensing, Consent, Prohibition, Security, Data subject rights, Retention
What it requires
- Hold a licence from the Central Bank of Uzbekistan, which also registers the bureau, before operating a credit bureau (Articles 7 and 8).
- Provide a credit report to a credit information user only with the subject's consent, given in writing or as an electronic document that states the date, the user and the purpose (Article 19).
- Do not provide credit information, credit histories or credit reports to anyone who is not a credit information user (Article 24, last part).
- Protect stored credit information against unauthorized access, destruction, alteration, use or disclosure, and keep it for five years (Articles 14 and 23).
- Give the subject a credit report on the subject on request, free of charge once a year, within two working days of the request (Articles 6 and 22).
These lines are LexLint's reading of the law's text.
What this law does
Law No. ZRU-301 of on the Exchange of Credit Information governs credit bureaus, which are legal entities that provide the service of exchanging credit information. A credit bureau may operate only on the basis of a licence. The Central Bank of Uzbekistan registers credit bureaus and issues their licences. A credit bureau provides a credit report to a credit information user only with the consent of the credit information subject.
A credit information subject may obtain a credit report on the subject from a credit bureau free of charge once a year. Providing credit information, credit histories or credit reports to persons who are not credit information users is not permitted. Credit bureaus, providers and users of credit information must protect stored credit information against unauthorized access, destruction, alteration, use or disclosure.
The Central Bank of Uzbekistan may fine a credit bureau up to 5,000 times the base calculation unit for violating the credit information legislation. The Law took effect on .
When LexLint raises it
When your app profile says your app provides financial services or processes personal data.
Back to the example · Lint your app
Page updated .