Regulatory Alerts2012-01-01
Bank of Tanzania (Credit Reference Bureau) Regulations 2012
The Bank of Tanzania issued these 2012 regulations to establish a comprehensive licensing, governance, and operational framework for Credit Reference Bureaux. The rules mandate that CRBs secure prior licensing, maintain accurate and secure credit databases, restrict the collection of prohibited personal data, and grant authorized users access based on borrower consent. Furthermore, the regulations guarantee data subjects the right to access free annual credit reports and challenge inaccuracies while empowering the Bank with inspection powers, license revocation authority, and penalty enforcement.
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