Paraguay Law on Protection of Personal Data (Law No. 6534/2020)
Chapter II: Credit information bureaus and their users – Paraguay Law on Protection of Personal Data (Law No. 6534/2020)

Paraguay Law on Protection of Personal Data (Law No. 6534/2020) 19: Article 19 Maximum publication period for credit information

What does 19 require?

Credit information may be published for at most five years counted from the last significant event or from the original maturity of the credit operation, whichever is later. Significant events are: (a) the debtor falling into arrears, (b) changes in the classification credit entities assign to the debtor, (c) the start of legal collection action, (d) the judgment ordering payment, (e) the opening of a creditors' meeting or a bankruptcy declaration for debts verified or being verified, and (f) other information the supervisory body defines.

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