Regulatory Alerts2010-12-10 | Circular 39/2010Added
Circular 39/2010 — Modifies Circular 27/2008
The Bank of Mexico amends the General Rules for Credit Information Societies to permit the use of verbal, electronic, or digital fingerprint authorizations for credit reports when no prior legal relationship exists with the client. Users must strictly identify clients and retain specific biometric or electronic records, while societies are restricted from issuing reports to users who have not conducted credit operations for at least two years prior to implementing such biometric systems. The Thirteenth Rule is repealed, and these modifications enter into force on December 13, 2010.
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