svētdiena, 2019. gada 17. novembris
The Credit Register is a national information system managed by Latvijas Banka. In the Credit Register Latvijas Banka collects data of credit obligations of natural persons and legal persons, the guarantees received and provided, and late payments, if any.
The operation of the Credit Register is governed by:
Credit Register participants
The participants are:
- credit institutions – banks and foreign bank branches registered in Latvia;
- companies closely associated with credit institutions (leasing companies and individual debt recovery companies);
- credit unions;
- a state-owned development finance institution AS "Attīstības finanšu institūcija Altum";
- the Treasury.
The Report contains the following information:
The Report comprises your existing obligations (loans and guarantees received) and the guarantees provided, as well as the obligations that have expired over the last 10 years.
When is credit information deleted?
After 10 years, the information about the terminated obligations is automatically deleted from the Credit Register database.
Who is responsible for the information included in the Credit Register?
The participant of the Credit Register is responsible for the information it has included there.
Latvijas Banka maintains the Credit Register, controls the quality of the information submitted, i.e. whether the information is submitted on time, whether the information is logically interlinked, or whether requests for a person's credit history have been made reasonably, etc.
How quickly will the post-entry information be shown in the Credit Register?
The Credit Register is an online system and the information is available in the Credit Register immediately after information entry or correction.
How quickly are new credit obligations or changes to the existing credit obligations entered?
Within 5 working days of the conclusion of the credit contract or the granting of the guarantee.
Within 5 working days from the full payment of the obligations or the full payment of the debt.
How quickly are information corrections entered if needed?
The Credit Register participant must correct the information immediately after the error has been identified.
What information can be found in the Credit Register Report?
The Credit Register Report consists of three main parts:
A summary of the financing services (loans) received, the guarantees provided and the guarantees received;
Details of each loan received, each guarantee received and each guarantee provided;
Data requests – information about who has requested information about a person's data over the past year.
The summary is a brief summary of information, in the form of a table, on the outstanding loans, guarantees and financing services received, and exactly the same information on the settled obligations.
Information on the outstanding obligations:
For those obligations that have already been settled, the summary information differs slightly:
Detailed information includes data of the obligations and periodic data for the last three years. The detailed information includes not only the information provided in the summary, but also additional information such as the number of customers and guarantors, the general information identifier (this can be used if there is a need for consultation on the commitments in question, as it allows them to be identified), and other information. For each line, a number is displayed in front of the line indicating the Paragraph of the Regulation for the Credit Register, which provides the data description. The detailed information, just like the summary, is broken down into information on the existing obligations and settled obligations, as well as history of data requests for the last year. The detailed information of the settled obligations shall be stored for 10 years after their payment date and then it is automatically deleted.
Data on the violation is included if there has been a delay in payments where two conditions are present/identified: the payment has been at least 60 days overdue and the amount overdue has exceeded EUR 150; in such a case, the date from which the late payment has occurred is indicated. The details of the violation shall be stored for 5 years after the date of full payment of the violation and then will be automatically deleted. The full payment of the violation means that after the debt has been repaid, payments are made in accordance with the timetable and the loan is no longer overdue.
Data requests is the claims section which contains information about who has made a request on the person's data over the past year. These messages are stored for one year after the request has been made and then they are automatically deleted.