of October 4, 2011 No. ZRU-301
About exchange of credit information
Accepted by Legislative house on August 11, 2011
Approved by the Senate on August 26, 2011
The purpose of this Law is relations management in the field of exchange of credit information.
The legislation on exchange of credit information consists of this Law and other acts of the legislation.
If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about exchange of credit information then are applied rules of the international treaty.
In this Law the following basic concepts are applied:
credit deal - the agreement of the credit, loan, leasing, factoring, insurance and other agreements providing on credit money and other property including in the form of advance payment (receipt of advance payment), delay or payment by installments of payment for goods, works and services;
exchange of credit information - interaction of credit bureau, the subject, supplier and user of credit information on collection, processing, the analysis, storage, provision, use and protection of credit information for the purpose of forming of credit history and provision of the credit report;
the subject of credit information - the legal entity or physical person acting respectively as the borrower (debtor), the leasing recipient, the guarantor, the guarantor, the pledger, and also the insurer on credit deal;
the supplier of credit information - the legal entity or physical person providing to credit bureau credit information;
the user of credit information - the legal entity or physical person acting respectively as the creditor, the lessor, the pawnbroker, and also the insurer on credit deal.
Credit information - data on condition of credit deal, obligation fulfillment on the issued providing (pledge, guarantee, the guarantee, risk insurance of default of the credit and other types of providing), and also other information promoting determination of creditworthness, financial condition, solvency, payment discipline and other qualities of the subject of credit information
the subject and the supplier of credit information allowing to identify;
about obligations of the subject of credit information to pay sum of money under the civil agreement;
about the connected faces of the subject of credit information;
about the property connected with credit deal.
Credit history - the set of credit information created by credit bureau concerning the subject of credit information.
Credit history shall include data: allowing to identify subject of credit information;
about credit deals of the subject of credit information, and also about condition of their execution;
about obligations of the subject of credit information to pay sum of money under the civil agreement; about date of forming of credit history, and also about the credit bureau which created credit history.
Credit history can include also other data according to the agreement on exchange of credit information.
Credit history does not join data on obligations of the subject of credit information to pay sum of money from which completion date there passed more than five years.
The credit report - the document containing the complete or partial information which is part of credit history.
The form, content and procedure for provision of the credit report are determined by the agreement on exchange of credit information.
The credit report is provided to credit bureaus:
to the user of credit information - with the consent of the subject of credit information;
to the subject of credit information - on its request with indication of identification these all suppliers and users of credit information of this subject of credit information.
The credit report is submitted in time, not exceeding two working days from the date of receipt of request by credit bureau about its provision.
The credit report is provided only concerning one subject of credit information.
Credit bureau - the legal entity created in the procedure established by the legislation and rendering services in implementation of exchange of credit information.
Activities of credit bureau are performed based on the license.
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