22D. Prescribed period for investigation and correction, etc., of borrower information by licensee

For the purposes of section 71(2)(b) of the Act, the period within which the licensee in question must conduct and complete the investigation relating to borrower information is 3 business days after receiving a request for correction of that borrower information under section 71(1) of the Act.

For the purposes of section 71(2)(c) of the Act, the period within which a licensee must correct the borrower information in question and send the corrected borrower information to the designated credit bureau is 3 business days after completing the investigation mentioned in section 71(2)(b) of the Act in relation to that borrower information. (3) For the purposes of section 71(3)(b) of the Act, the period within which a licensee must conduct and complete the investigation relating to borrower information on the request of the designated credit bureau is 3 business days after receiving the request under section 78(3)(b) of the Act in relation to that borrower information.

For the purposes of section 71(3)(c) of the Act, the period within which a licensee must correct the borrower information mentioned in section 71(3)(c)(i) of the Act and send the corrected borrower information to the designated credit bureau is 3 business days after completing the investigation relating to that borrower information.

For the purposes of section 71(2)(b) of the Act, the period within which the licensee in question must conduct and complete the investigation relating to borrower information is 3 business days after receiving a request for correction of that borrower information under section 71(1) of the Act.

For the purposes of section 71(2)(c) of the Act, the period within which a licensee must correct the borrower information in question and send the corrected borrower information to the designated credit bureau is 3 business days after completing the investigation mentioned in section 71(2)(b) of the Act in relation to that borrower information.

For the purposes of section 71(3)(b) of the Act, the period within which a licensee must conduct and complete the investigation relating to borrower information on the request of the designated credit bureau is 3 business days after receiving the request under section 78(3)(b) of the Act in relation to that borrower information.

For the purposes of section 71(3)(c) of the Act, the period within which a licensee must correct the borrower information mentioned in section 71(3)(c)(i) of the Act and send the corrected borrower information to the designated credit bureau is 3 business days after completing the investigation relating to that borrower information.