No. 20304
Promulgation Date 2024-02-13
Financial Services Commission
ALL
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
Article 2 (Definitions)
Article 3 (Fostering industries related to credit information)
Article 3-2 (Relationship to other statutes)
CHAPTER II PERMISSION FOR CREDIT INFORMATION BUSINESS
Article 4 (Permission for credit information business)
Article 5 (Those qualified for permission for credit information business)
Article 6 (Requirements for permission)
Article 7 (Public announcement on permission)
Article 8 (Matters to declare and report)
Article 9 (Approval for change in large shareholders)
Article 9-2 (Qualification examination of largest shareholder)
Article 10 (Authorization of transfer or acquisition by transfer)
Article 11 (Concurrent business)
Article 11-2 (Incidental business)
Article 12 (Prohibition of use of similar title)
Article 13 (Prohibition of concurrent offices by executive officers)
Article 14 (Revocation of permission and suspension of business)
CHAPTER III MARINE RESEARCH TECHNICIANS, MARINE RESEARCH AND INFORMATION BUSINESS, AND MARINE RESEARCH EQUIPMENT
Article 15 (Principles of collection and processing)
Article 16 Deleted.
Article 17 (Entrustment of processing)
Article 17-2 (Combination of data sets)
CHAPTER IV DISTRIBUTION AND MANAGEMENT OF CREDIT INFORMATION
Article 18 (Keeping credit information accurate and up-to-date)
Article 19 (Security protection of credit information computer system)
Article 20 (Clarification of accountability of credit information management and archiving of business processing records)
Article 20-2 (Retention period for personal credit information)
Article 21 (Disposition of archived information upon closure of business)
CHAPTER V INDUSTRIES RELATED TO CREDIT INFORMATION
SECTION 1 Credit Information Business
Article 22 (Qualifications of executive officers of credit information companies)
Article 22-2 (Reporting on credit information)
Article 22-3 (Principles regarding personal credit rating)
Article 22-4 (Business conduct standards for personal credit rating companies)
Article 22-5 (Code of conduct of sole proprietor credit rating companies)
Article 22-6 (Business conduct standards for corporate credit rating inquiry companies)
Article 22-7 (Code of conduct for credit inquiry companies)
SECTION 2 Personal Credit Information Management Business
Article 22-8 (Qualifications for executive officers of mydata companies)
Article 22-9 (Code of conduct for mydata companies)
SECTION 3 Use and Provision of Public Information
Article 23 (Requests for provision of credit information of public institutions)
Article 24 (Use of computer data of resident registration)
SECTION 4 Credit Information Collection Agencies and Data-Specialized Institutions
Article 25 (Credit information collection agency)
Article 25-2 (Duties of centralized credit information collection agency)
Article 26 (Committee for Intensive Management of Credit Information)
Article 26-2 (Composition and operation of Committee for Intensive Management of Credit Information)
Article 26-3 (Personal credit rating system verification committee)
Article 26-4 (Data agencies)
SECTION 5 Claims Collection Business
Article 27 (Persons engaged in claims collection business and delegated claims collectors)
Article 27-2 (Prohibition of entrustment of services to unlicensed claims collection business entity)
Article 28 Deleted.
Article 29 Deleted.
Article 30 Deleted.
CHAPTER VI PROTECTION OF CREDIT DATA SUBJECT
Article 31 (Public notification of credit information utilization status)
Article 32 (Consent to provision and use of personal credit information)
Article 33 (Use of personal credit information)
Article 33-2 (Request for transmission of personal credit information)
Article 34 (Collection, use, and provision of personal identification information)
Article 34-2 (Principle of consent to use of personal credit information)
Article 34-3 (Consent rating for use of information)
Article 35 (Fact-finding inquiries into use and provision of credit information)
Article 35-2 (Duty to provide explanation about possible decline in personal credit scores)
Article 35-3 (Advance notice by credit information providers and users)
Article 36 (Notification of credit information giving rise to refusal of commercial transaction)
Article 36-2 (Explanation of results of automated evaluation and raising objections thereto)
Article 37 (Rights to withdraw consent to provision of personal credit information)
Article 38 (Demand for access to and correction of credit information)
Article 38-2 (Requests for notification of credit inquiry)
Article 38-3 (Request for deletion of personal credit information)
Article 39 (Right of access free of charge)
Article 39-2 (Access to information on changes in creditors)
Article 39-3 (Methods and procedures for credit data subjects to exercise rights)
Article 39-4 (Notification of divulgence of personal credit information)
Article 40 (Prohibitions for credit information company)
Article 40-2 (Rules of conduct regarding pseudonymization and anonymization)
Article 40-3 (Exceptions to application for pseudonymized data)
Article 41 (Prohibited matters for claims collection agency)
Article 41-2 (Verification of recruitment channels of agents of recruitment business)
Article 42 (Prohibition of divulgence for non-business purposes)
Article 42-2 (Imposition of penalty surcharges)
Article 43 (Liability to compensate for damages)
Article 43-2 (Claim for statutory damages)
Article 43-3 (Guarantee of compensation for damage)
Article 44 (Credit information companies association)
CHAPTER VII SUPPLEMENTARY PROVISIONS
Article 45 (Supervision and inspection)
Article 45-2 (Financial Services Commission's authority to issue orders to take measures)
Article 45-3 (Request for submission of data and investigation by Protection Commission)
Article 45-4 (Corrective measures of Protection Commission)
Article 45-5 (Regular evaluation of status of utilization and management of personal credit information)
Article 46 (Notification of content of measure for retired executive officer)
Article 47 (Submission of business report)
Article 48 (Hearings)
Article 49 (Delegation and entrustment of authority)
Article 50 (Penalty provisions)
Article 51 (Joint penalty provisions)
Article 52 (Administrative fines)
ADDENDA <Act No. 9617, Apr. 1, 2009>
ADDENDA <Act No. 10228, Apr. 5, 2010>
ADDENDA <Act No. 10465, Mar. 29, 2011>
ADDENDUM <Act No. 10690, May 19, 2011>
ADDENDA <Act No. 11690, Mar. 23, 2013>
ADDENDA <Act No. 11845, May 28, 2013>
ADDENDA <Act No. 12844, Nov. 19, 2014>
ADDENDA <Act No. 13216, Mar. 11, 2015>
ADDENDA <Act No. 13337, Jun. 22, 2015>
ADDENDA <Act No. 14122, Mar. 29, 2016>
ADDENDA <Act No. 14823, Apr. 18, 2017>
ADDENDA <Act No. 14839, Jul. 26, 2017>
ADDENDUM <Act No. 15146, Nov. 28, 2017>
ADDENDUM <Act No. 15748, Aug. 14, 2018>
ADDENDUM <Act No. 15933, Dec. 11, 2018>
ADDENDUM <Act No. 16188, Dec. 31, 2018>
ADDENDA <Act No. 16930, Feb. 4, 2020>
ADDENDA <Act No. 16957, Feb. 4, 2020>
ADDENDA <Act No. 17354, Jun. 9, 2020>
ADDENDA <Act No. 17799, Dec. 29, 2020>
ADDENDUM <Act No. 18124, Apr. 20, 2021>
ADDENDA <Act No. 19234, Mar. 14, 2023>
ADDENDUM <Act No. 20304, Feb. 13, 2024>