PRIVACY ACT 1988

PART IIIA - CREDIT REPORTING  

Division 3 - Credit providers  

Subdivision D - Dealing with credit eligibility information etc.  

SECTION 21P   NOTIFICATION OF A REFUSAL OF AN APPLICATION FOR CONSUMER CREDIT  

21P(1)  
This section applies if:


(a) a credit provider refuses an application for consumer credit made in Australia:


(i) by an individual; or

(ii) jointly by an individual and one or more other persons (the other applicants ); and


(b) the refusal is based wholly or partly on credit eligibility information about one or more of the following:


(i) the individual;

(ii) a person who is proposing to act as a guarantor in relation to the consumer credit;

(iii) if the application is an application of a kind referred to in subparagraph (a)(ii) - one of the other applicants; and


(c) a credit reporting body disclosed the relevant credit reporting information to the provider for the purposes of assessing the application.

21P(2)  
The credit provider must, within a reasonable period after refusing the application, give the individual a written notice that:


(a) states that the application has been refused; and


(b) states that the refusal is based wholly or partly on credit eligibility information about one or more of the persons referred to in paragraph (1)(b); and


(c) if that information is about the individual - sets out:


(i) the name and contact details of the credit reporting body that disclosed the relevant credit reporting information to the provider; and

(ii) any other matter specified in the registered CR code.



This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.