Section 25
Prohibited disclosure in credit report
of Credit Reporting Agencies Act 2010
Subject to section 24, a credit reporting agency shall not include any of the following in a credit report:
(a)
any information unless such information includes the name and address of the source of the credit information;
(b)
any information unless the identity of the customer can be identified;
(c)
any information in relation to a person’s bankruptcy two years after the date of his discharge from the bankruptcy;
(d)
any information in relation to a pecuniary action in court against a person more than two years after the date of commencement of the proceedings, unless the current status of the court action has been ascertained and is included in the credit report; and
(e)
any information in relation to any default in repayment of credit two years after the date of final settlement of the amount in default, including settlement of the amounts payable pursuant to a scheme of arrangement with the credit provider.
(2)
A credit reporting agency which contravenes subsection (1)
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.
Credit Reporting Agencies 29