Singapore legislation
Section 74
Section 74
Production of credit reports and charging of fees, etc.
(1)
Subject to subsections (3) and (4), upon receiving a request by a licensee for a credit report in relation to a person under section 66(5)(a), the designated credit bureau must prepare and deliver to the licensee a credit report —
containing such information in relation to that person as the Minister may prescribe, having regard to the purposes of a credit report; and
within the prescribed time and in the prescribed manner.
(2)
The designated credit bureau may, each time it delivers a credit report to a licensee under subsection (1), charge a fee not exceeding an amount that is approved by the Registrar.
(3)
Despite subsections (1)(a) and (2), the designated credit bureau may, by agreement with a licensee making a request under section 66(5)(a) for a credit report —
deliver at the prescribed time and in the prescribed manner to that licensee a credit report containing information in addition to that prescribed under subsection (1)(a); and
charge that licensee, for the additional information, a fee in addition to that which is approved by the Registrar under subsection (2).
(4)
The designated credit bureau must not deliver any credit report to a licensee under subsection (1) or (3) if it is not satisfied that —
the licensee has submitted the declaration mentioned in section 66(6)(a) and any other document or information required under section 66(6)(b); and
the licensee has a valid licence issued under section 5.
(5)
If the designated credit bureau without reasonable excuse contravenes subsection (1) or (4), the designated credit bureau shall be guilty of an offence and shall be liable on conviction —
to a fine not exceeding $250,000; and
in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction.[30V