Duty to provide information in credit facility document
38.—(1) The Authority may, by written notice to an approved member or a class of approved members of a licensed credit bureau, require the approved member or the member within that class to include any information specified by the Authority in any credit facility document that the approved member provides to its customer.
(2) Without limiting subsection (1), the notice in subsection (1) may require the approved member to specify in the credit facility document that the customer is entitled, if the customer is the data subject of a credit report by the licensed credit bureau, to —
(a)
request a copy of the credit report from the licensed credit bureau; and
(b)
receive the copy of the credit report from the licensed credit bureau free of charge to the customer if the customer is an individual, but subject to the requirements of section 17(3).
(3) Any person that fails to comply with a notice given under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.
(4) In this section, “credit facility document” means any application form, approval letter, rejection letter or any other document in relation to an application for a credit facility.