3. Purpose of Act

Terms defined in s 2

• credit bureau

  credit bureau

  Defined · s 2

  “credit bureau” means an entity that carries on a credit reporting business;

  Open s 2
• credit reporting business

  credit reporting business

  Defined · s 2

  “credit reporting business” means —(a)a business in Singapore (whether routine or recurrent) that involves preparing, providing or maintaining, for profit or gain, credit reports regardless of whether the primary function of the business is connected with credit reports;(b)the business of preparing, providing or maintaining credit reports on a routine, non‑profit basis as an ancillary part of a business carried on for profit or gain; or(c)any other business that may be prescribed;

  Open s 2
• data

  data

  Defined · s 2

  “data” means —(a)information relating to a person’s creditworthiness, including (to avoid doubt) customer information of a member of a licensed credit bureau; or(b)information relating to a person that is processed by a licensed credit bureau in the course of its credit reporting business,as the case may be;

  Open s 2
• licensed credit bureau

  licensed credit bureau

  Defined · s 2

  “licensed credit bureau” means a credit bureau that is for the time being licensed;

  Open s 2