Section 23

that credit information of the customer is being processed by or on behalf of the credit reporting agency, and shall provide a description of the credit information to that customer;

the purposes for which the credit information is being or is to be processed;

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of any information available to the credit reporting agency as to the source of that credit information;

of how to contact the credit reporting agency with any inquiries or complaints in respect of the credit information and of the customer’s right to request access to and to request correction of the credit information;

of the subscribers or other persons to whom the credit reporting agency discloses or may disclose the credit information;

of the choices and means the credit reporting agency offers the customer for limiting the processing of credit information, including credit information relating to other persons who can be identified from that credit information;

whether it is obligatory or voluntary for the customer to supply the credit information;

where it is obligatory for the customer to supply the credit information, the consequences for the customer if he fails to supply the credit information; and

of a summary of the customer’s rights as contained in the Summary of Rights.

The notice under subsection (1) shall be given as soon as practicable to the customer—

Where the credit reporting agency possesses a website, the credit reporting agency shall conspicuously display on its website a statement that sets out the purposes for which it collects credit information and the purposes for which the credit information will be further processed.

Credit Reporting Agencies 27

A credit reporting agency which contravenes this section commits an offence and shall, upon conviction, be liable to a fine not exceeding five hundred thousand ringgit or to imprisonment for a term not exceeding two years or to both.

Disclosure of credit information