Sri Lanka Consolidated Acts

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Credit Information Bureau of Sri Lanka (Amendment) Act (No. 8 of 1995) - Sect 3

Replacement of section 6 of the principal enactment

3. Section 6 of the principal enactment is hereby repealed, and the following section substituted therefor:-
6. The functions of the Bureau shall be-
(a) to collect and collate, trade, credit and financial information on borrowers and prospective borrowers of lending institutions;
(b) to provide credit information, on request, to lending institutions who are shareholders of the Bureau and simultaneously to borrowers and prospective borrowers to whom such information relate ;
(c) to establish a credit rating system In Sri Lanka, to undertake credit rating and to sell such credit ratings to any foreign and local agencies, or to any person making a request for such ratings; and
(d) to undertake research projects for lending institutions who are shareholders of the Bureau,
with a view to facilitating the distribution of credit to all sectors of the economy and to the informal sector, in


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