Credit Information Companies (Regulation) Act, 2005

Section - 14 - Functions of a credit information company

CHAPTER V

FUNCTIONS OF CREDIT INFORMATION COMPANIES

Functions of a credit information company

14. (1) A credit information company may engage in any one or more of the following forms of business, namely:-

(a)-to collect, process and collate information on trade, credit and financial standing of the borrowers of the credit institution which is a member of the credit information company;
(b)-to provide credit information to its specified users or to the specified users of any other credit information company or to any other credit information company being its member;
(c)-to provide credit scoring to its specified users or specified users of any other credit information company or to other credit information companies being its members;
(d)-to undertake research project;
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