Article 18. Information Providers The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

Home / RLA / Article 18. Information Providers The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

 1. The information providers are:

1) banks, organizations engaged in certain types of banking operations, organizations engaged in microfinance activities;

1-1) collection agencies, service companies that perform trust management of rights (claims) under bank loan agreements and (or) microcredit agreements under a trust management agreement for rights (claims) under bank loan agreements and (or) microcredit agreements concluded with a person, specified in the first part of paragraph 4 of Article 36-1 of the Law of the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of Kazakhstan" and (or) the first part of paragraph 5 of Article 9-1 of the Law of the Republic of Kazakhstan "On Microfinance Activities" (hereinafter – service companies), persons specified in paragraph ten of the first part of paragraph 4 of Article 36-1 of the Law of the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of Kazakhstan" and paragraph eight of the first part of paragraph 5 of Article 9-1 of the Law of the Republic of Kazakhstan "On Microfinance Activities", if the rights (claims) obtained under the bank loan agreement and (or) under the micro-loan agreement, these persons have not been transferred to the trust management of the service company, as well as other persons to whom the rights (claims) have been transferred under bank loan agreements, loan (loan) agreements and micro-credit agreements for individuals;

2) an individual entrepreneur or a legal entity that sells goods and services on credit or provides deferred payments, the systematized characteristics of which are determined by the Government of the Republic of Kazakhstan;

3) The Government for Citizens State Corporation, which carries out state registration of rights to immovable property;

3-1) natural monopoly entities providing public utilities;

3-2) the authorized body in the field of public administration for the restoration of solvency and bankruptcy of citizens of the Republic of Kazakhstan;

3-3) organizations that have provided loans (credits) and (or) microcredits to individuals, with the exception of the persons specified in subparagraph 1) of this paragraph, and for which the rights (claims) have not been terminated;

4) other persons on the basis of agreements on the provision of information.

2. Regulatory legal acts of the authorized body on the activities of credit bureaus and the formation of credit histories are mandatory for information providers in terms of their activities as information providers to participate in the creation and protection of a database of credit histories.

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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