Parliament of Thailand - Credit Information Business Act, 2002


The Parliament of Thailand's Credit Information Business Act, 2002 sets forth provisions for financial institutions to access data on the financial status and credit record of clients, allowing them to figure out how much debt the client already has with other financial institutions and help them assess financial risk of their clients more accurately. The access to this crucial information will not only help limit probability of new non-performing loans but will also strengthen financial status of a financial institution and the overall banking system. The act is divided into several chapters, and covers the following topics:

1. Carrying on Credit Information Business
2. Rights and Obligations of Credit Information Company, Member, and Recipient of Service
3. Protections to Owner of Information
4. Supervision of Credit Information Company
5. Suspension and Revocation of License
6. Civil Liability
7. Criminal Liability

Document Details

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Thursday, March 13, 2003
Document Authors: 
Parliament of Thailand
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