Section 7: Permissible Purposes for accessing Credit Information.

(1) A Credit Information User may only seek credit information from a Credit Bureau for a permissible purpose.
(2) For the purpose of this Act, Permissible Purpose includes-
(a) considering an application for credit by any person or considering a
person's qualification to act as a guarantor for any credit;
(b) reviewing, renewing, restructuring or monitoring of existing credit
facilities;
(c) carrying out employment checks on employees or prospective
employees;
(d) assessing the credit worthiness of a prospective tenant in any lease
or tenancy;
(e) underwriting, reviewing, renewing insurance policies or analysing
insurance claims;
(f) considering applications for credit contracts or other post-paid
services;
(g) taking actions in respect of debt collection, enforcement of a monetary
judgment or enforcement of any other debt;
(h) satisfying a request bya Data Subject to validate the correctness or
otherwise of Credit Information held by a Credit Bureau in respect of such
Data Subject;
(i) providing credit scoring services by Credit Bureaux
(j) complying with any court order to provide Credit Information or where
a person is required by applicable law to provide Credit Information in
respect of any other person
(k) complying with the directive of a regulatory authority or a public body to provide Credit Information
(l) carrying out know-your-customer checks on any person for any
permissible purpose or as may be required by law; and
(m) such other purposes as the Bank may specify or direct.