Uruguay DPL
Chapter IV: Specially protected data and specific databases – Uruguay DPL

Uruguay DPL 22: Commercial and credit data

What does 22 require?

Processing data to report on financial solvency and creditworthiness, including compliance or non-compliance with commercial or credit obligations, is authorised where the data come from publicly accessible sources, from information supplied by the creditor or in the circumstances the Law provides; data on natural persons' commercial obligations may be registered for five years from incorporation, renewable once for another five years at the creditor's request made within the thirty days before expiry if the obligation remains unpaid; cancelled or extinguished obligations remain registered with express mention of that fact for a non-renewable maximum of five years from cancellation; responsible parties must process the information objectively as supplied without subjective evaluations; the creditor must communicate a cancellation to the database within five working days and the responsible party must update the record within three working days.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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