Credit Information Bureau of Sri Lanka (Amendment) Act (No. 8 of 1995)

Sri Lanka Consolidated Acts

Replacement of section 6 of the principal enactment

3. Section 6 of the principal enactment is hereby repealed, and the following section substituted therefor:-

6. The functions of the Bureau shall be-

	(a) to collect and collate, trade, credit and financial information on borrowers and prospective borrowers of lending institutions;

	(b) to provide credit information, on request, to lending institutions who are shareholders of the Bureau and simultaneously to borrowers and prospective borrowers to whom such information relate ;

	(c) to establish a credit rating system In Sri Lanka, to undertake credit rating and to sell such credit ratings to any foreign and local agencies, or to any person making a request for such ratings; and

	(d) to undertake research projects for lending institutions who are shareholders of the Bureau,

with a view to facilitating the distribution of credit to all sectors of the economy and to the informal sector, in