Article 13. Revocation of a permit The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

Home / RLA / Article 13. Revocation of a permit The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

The authorized body applies to the court with a statement of claim for the withdrawal of the credit bureau's permission on one of the following grounds:

1) failure to eliminate the reason why the authorized body suspended the permit;

2) repeated (two or more times) suspension of the permit during the last twelve months;

3) the court prohibits the credit bureau from engaging in the type of activity for which it has permission.;

4) termination of the credit bureau's business activities;

5) providing deliberately false information to the credit bureau when obtaining a permit.

The court's decision to revoke the permit entails the liquidation of the credit bureau.

The Law of the Republic of Kazakhstan dated July 6, 2004 No. 573.

This Law defines the legal, economic and organizational foundations of the formation of credit histories in the Republic of Kazakhstan, the legal status of participants in the system of formation of credit histories and their use, regulates public relations related to the creation, implementation and termination of activities of credit bureaus, the specifics of state regulation, control and supervision in this area.

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Republic of Kazakhstan

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