Mobile operators are also included in the list of data providers that provide information related to the credit histories of subjects with a credit history (natural or legal persons about whom a credit history is formed) without obtaining consent.
According to APA, this is reflected in the proposed amendment to the Law “On Credit Bureaus” included in the agenda of the Milli Majlis session to be held on October 22.
With this, mobile telephone operators will be able to send the data of credit history subjects who are clients to the credit bureaus without their consent.
It was noted that this will increase the ability to assess the solvency of persons applying for loans from credit institutions and discipline in fulfilling debt obligations.
A similar rule (not requiring consent to provide relevant information) currently applies to utility companies.
According to the project, notifications about negative information provided to the credit bureau (any information that negatively characterizes the solvency of the subject of the credit history and the discipline of the debt obligation from the moment the debt obligation was created) will be transmitted to the credit history. subject to 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. The notification will include information about the data provider providing the negative information. As a result, borrowers will not be able to pay due to carelessness, time constraints, etc. Upon learning of negative information arising from similar reasons, they will be able to delete it in time.
It was noted that the bill will expand the range of data collected in credit bureaus and increase the possibilities of assessing the solvency of subjects of credit history and the discipline of debt obligations based on broader data, as well as providing informing borrowers about negative information. on them and, on this basis, borrowers will be able to manage their debts more effectively and will gain opportunities.
