Article 7-1. Credit scoring of the Law on Credit Bureaus and Formation of Credit Histories in the Republic of Kazakhstan

Home / RLA / Article 7-1. Credit scoring of the Law on Credit Bureaus and Formation of Credit Histories in the Republic of Kazakhstan

 IZPI's note! Paragraph 1 is provided for in the wording of the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

1. The credit scoring is calculated by the credit bureau or the information providers specified in subitems 1) and 1-1) of paragraph 1 of Article 18 of this Law independently.

The credit bureau has the right to calculate credit scoring using the data of legal entities with which the credit bureau has concluded relevant agreements on calculating credit scoring, in accordance with the requirements established by the legislation of the Republic of Kazakhstan.

The procedure for providing information about the credit scoring calculated by the credit bureau is determined by the credit bureau itself.

2. The information providers specified in subitems 1) and 1-1) of paragraph 1 of Article 18 of this Law shall assess the creditworthiness of the credit history subject using the credit scoring of the credit bureau and (or) credit scores calculated independently.

Credit bureaus and information providers specified in subitems 1) and 1-1) of paragraph 1 of Article 18 of this Law are not required to disclose to credit history subjects and other third parties their own methods of calculating credit scoring and risk assessment based on credit scores.

3. Subjects of credit histories – individuals use credit scoring in order to determine their own creditworthiness before obtaining loans, micro-loans and purchasing financial products and services with credit risk.

4. The authorized body has the right to request information on credit scoring from a credit bureau with state participation in order to fulfill its tasks and functions of regulating, controlling and supervising the financial market and financial organizations, ensuring the stability of the financial system and an appropriate level of protection of the rights and legitimate interests of consumers of financial services.

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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