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Revised Laws of Saint Lucia (2023)

Back to Revised Laws of Saint Lucia (2023)

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1. Short title and commencement

(1) This Act may be cited as the Credit Reporting Act.

(2) This Act shall come into force on a date to be fixed by the Minister by Order published in the Gazette.

1. Short title and commencement

PART 1 PRELIMINARY

2. Interpretation

PART 2 ADMINISTRATION

3. Powers, duties and functions of Central Bank

PART 3 LICENSING OF CREDIT BUREAUS

4. Requirement for licence

5. Application for licence

6. Evaluation of application

7. Grant of licence

8. Refusal to grant licence

9. Terms and conditions of licence

10. Display of licence

11. Restrictions on transfer of licence, etc.

12. Restrictions on employment of certain persons

13. Payment of fees

14. Material change in circumstances affecting credit bureau, etc.

15. Suspension and revocation of licence, etc.

16. Publication of grant of licences, etc.

PART 4 CREDIT REPORTING

17. Activities of credit bureau

18. Requirement for consent

19. Credit reports

20. Permissible purposes

21. Data management and quality control

22. Security and control measures

23. Data subjects' rights of access and correction

24. Duty to maintain records and credit information

25. Restrictions regarding disclosure of data subject information

26. Supplying false information prohibited

27. Credit information providers

28. Adverse actions against data subjects

29. Void agreements

30. Resolution of disputes and complaints

31. Cross-border data flow

32. Periodic returns

PART 5 SUPERVISION BY THE CENTRAL BANK

33. Information gathering powers

34. Inspections

35. Entry and search of premises

36. Order by Central Bank

37. Costs of inspections

38. Auditors and annual reports

39. Court order

PART 6 CIVIL LIABILITY

40. Civil liability for negligent non-compliance

PART 7 CREDIT REPORTING REVIEW COMMISSION

41. Appointment of Review Commission

42. Right to review

43. Review proceedings

44. Decisions of Review Commission

45. Appeals to High Court

46. Appeals to Court of Appeal

PART 9 MISCELLANEOUS PROVISIONS

47. Agreements with other bodies, etc.

48. Confidentiality

49. Evidence regarding certificate of Central Bank

50. General offences and penalties

51. Fixed penalties

52. Offences by credit bureau or other entity

53. Defences in criminal proceedings

55. Protection of databases upon liquidation

56. Regulations

57. Amendment of Schedules

SUBSIDIARY LEGISLATION