Law No. 172-13 on the Protection of Personal Data
Credit information companies (SIC), users and data providers – Law No. 172-13 on the Protection of Personal Data

Law No. 172-13 on the Protection of Personal Data 59: Data providers update SICs at least twice a month

What does 59 require?

Data providers must send SICs updated data on their customers at least twice a month, so that each data subject's level of indebtedness can be identified, located and described correctly at any time; for intervened or liquidating financial intermediaries the liquidating commission, Superintendencia or Central Bank supplies it at least monthly (Article 62).

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