Malaysia legislation
Section 29
Section 29
(2)
A credit reporting agency shall, when undertaking a comparison of credit information within its control with any other credit information for the purpose of producing or verifying information about an identifiable customer, take such measures as are reasonably practicable to avoid the incorrect matching of the credit information.
(3)
Without limiting the generality of subsection (1), a credit reporting agency shall—
(a)
establish and maintain controls to ensure that, as far as is reasonably practicable, only credit information that is accurate, up-to-date, complete, relevant and not misleading is used or further processed;
(b)
monitor credit information to ensure that it is accurate, up-to-date, complete, relevant and not misleading; and
(c)
conduct regular checks on compliance with the controls.
(4)
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.
Right of access to credit information or credit report