Malaysia legislation
Section 62
Section 62
(a)
collect or disclose credit information that is held by the credit reporting agency; or
(b)
procure the disclosure to another person of credit information that is held by the credit reporting agency.
(2)
Subsection (1) shall not apply to a person who shows—
(a)
that the collecting or disclosing of credit information or procuring the disclosure of credit information—
(i)
was necessary for the purpose of preventing or detecting a crime or for the purpose of investigations; or
(ii)
was required or authorized by or under any law or by the order of a court;
Credit Reporting Agencies 63
(b)
that he acted in the reasonable belief that he had in law the right to collect or disclose the credit information or to procure the disclosure of the credit information to the other person; or
(c)
that he acted in the reasonable belief that he would have had the consent of the credit reporting agency if the credit reporting agency had known of the collecting or disclosing of credit information or procuring the disclosure of credit information and the circumstances of it.
(3)
A person who collects or discloses credit information or procures the disclosure of credit information in contravention of subsection (1) commits an offence.
(4)
A person who sells credit information commits an offence if he has collected the credit information in contravention of subsection (1).
(5)
A person who offers to sell credit information commits an offence if—
(a)
he has collected the credit information in contravention of subsection (1); or
(b)
he subsequently collects the credit information in contravention of subsection (1).
(6)
For the purposes of subsection (5), an advertisement indicating that credit information is or may be for sale is an offer to sell the credit information.
(7)
A person who commits an offence under this section 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.
Abetment and attempt punishable as offences