(758) 468-3200
Government Saint Lucia
 
 
 
Home
/
Departments
/
Legislative Drafting
/
Revised Laws of Saint Lucia
/
CREDIT REPORTING ACT
/
36.   Order by Central Bank

Revised Laws of Saint Lucia (2023)

saint Lucia
back arrow Back to Revised Laws of Saint Lucia (2023)
back arrow Back to Table of Contents

36.   Order by Central Bank

  1.  

    (1)   Where, as a result of an inquiry, the Central Bank reasonably believes that any information contained in a file of a credit bureau, a credit information provider or a subscriber is inaccurate, incomplete, or does not comply with this Act or the Regulations, the Central Bank may make an order —

    1.  

      (a)     directing the credit bureau, credit information provider or subscriber to amend or delete the information; or

    1.  

      (b)     restricting or prohibiting the credit bureau, credit information provider or subscriber from using the information.

  1.  

    (2)   Every order made under subsection (1) —

    1.  

      (a)     shall specify the time within which the credit bureau, credit information provider or subscriber, as the case may be, shall take the action specified in that order; and

    1.  

      (b)     may provide for penalties, of $10 000, for failure to comply with the order.

  1.  

    (3)   Where the Central Bank issues an order under subsection (1), the Central Bank may direct the credit bureau, credit information provider or subscriber, as the case may be, to submit, in writing, evidence respecting its compliance with the direction, restriction or prohibition made under subsection (1).

  1.  

    (4)   Where a credit bureau is directed to submit evidence under subsection (3), the evidence submitted by the credit bureau shall include actions taken by any subscriber that received a credit report from the credit bureau within 3 months immediately preceding the commencement of the inquiry.

Address

2nd Floor Francis Compton Building, 
Waterfront,
Castries, Saint Lucia

Need help?

Site Map

HomeAbout AG OfficeDepartmentsAccessibilityContact Us

Quick Links

Inland Revenue Department of Government of Saint Lucia (IRD)Government of Saint Lucia Citizenship by Investment Financial Intelligence Authority

Important Links

CARICOMOECSFSRA
 
© 2025 Attorney General's Chambers
Site by