Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Credit Information Bureau Of Sri Lanka Act (No. 18 of 1990) - Sect 21

Returns and information,

21.
(1) The Bureau or any person authorized in that behalf by the Bureau may, by notice in writing, require any lending institution to furnish to the Bureau or to any person authorized by the Bureau, within such period as shall be specified in the notice, all such returns and information relating to the borrowers from such lending institution as shall be specified in such notice.
(2) It shall be the duty of any lending institution required to furnish any return or information by a notice under subsection (1) to comply with the requirements of such notice within the time specified in such notice, notwithstanding any thing to the contrary, in any law establishing such lending institution or other law or in any agreement entered into between such lending institution and borrower.
(3) No information contained in a return furnished tinder subsection (1) in compliance with the requirements of a notice issued under this section shall be published or communicated by the Bureau to any other person except to a lending institution which is a share holder of the Bureau at the report of such shareholder or in the course of the discharge of the functions of the Bureau.


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]