Home Latest News Ilham Aliyev APPROVED the amendment to the law on credit bureaus

Ilham Aliyev APPROVED the amendment to the law on credit bureaus

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Ilham Aliyev APPROVED the amendment to the law on credit bureaus

It will be possible to receive a free notification of negative credit history.

APA reports that this is the President Ilham Aliyev This was reflected in the modification of the approved Law “On Credit Bureaus.”

In accordance with the law, notifications of negative information provided to the credit bureau (any information that negatively characterizes the solvency and debt execution discipline of the subject of the credit history since the origin of the debt obligation) will be sent to the subject of credit history by the credit bureau.

Under this change, the subject of the credit report will have the right to receive free notification about negative information that the credit bureau receives about them.

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