Credit Bureau Act 2016 · 2020 Revised Edition · Part 2 · Licensing of Credit Bureaus
8. Renewal of licence
Feedback & supportAn application by a licensed credit bureau to renew its licence must be —
licensed credit bureau
“licensed credit bureau” means a credit bureau that is for the time being licensed;
made to the Authority in writing at least 6 months before the date the licence expires;
accompanied by such information as the Authority may require; and
accompanied by the non‑refundable prescribed application fee that is paid in the manner specified by the Authority.
If an application to renew a licence is submitted to the Authority less than 6 months before the date of expiry of the licence, the application must, in addition to the renewal fee, be accompanied by the prescribed late application fee.
licence
“licence” means a licence granted under section 7 or renewed under section 8;
Section 7(3) and (4)(a) and (b) applies, with the necessary modifications, to an application to renew a licence under this section as it applies to an application for a licence under section 7.
Section 7(5) and (7) to (10) applies, with the necessary modifications, to a licence that is renewed under this section as it applies to a licence that is granted under section 7.