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Law library · Sierra Leone · Acts of Parliament

The Credit Reference Act, 2011

Status not yet checkedAct of Parliament · 30 provisions

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Added to the library by Umaru Afiz SESAY on Oct 25, 2026

Open the original document (PDF)Source: Law Reform Commission of Sierra Leone

Contents
  1. Preamble
  2. Section 1 — Interpretation.
  3. Section 2 — Credit reference bureau licence.
  4. Section 3 — Application for licence.
  5. Section 4 — Appeal against refusal of licence.
  6. Section 5 — Licence to be displayed.
  7. Section 6 — Non-transferability of licence.
  8. Section 7 — Register of licence.
  9. Section 8 — Renewal of licence.
  10. Section 9 — Revocation and suspension of licence.
  11. Section 10 — Permissible credit reference bureau activities.
  12. Section 11 — Place of business.
  13. Section 12 — Duties of a credit reference bureau.
  14. Section 13 — Dissemination and usage of information by credit reference bureau.
  15. Section 14 — Privacy and confidentiality.
  16. Section 15 — Retention of information by credit reference bureau.
  17. Section 16 — Data providers.
  18. Section 17 — Duties of data providers.
  19. Section 18 — Financial institutions’ use of credit reference reports.
  20. Section 19 — Other sources of information accessible to credit reference bureau.
  21. Section 20 — Right to receive credit information concerning credit information subject.
  22. Section 21 — Right to inspect information.
  23. Section 22 — Challenge of accuracy of information.
  24. Section 23 — Procedure upon challenge of information.
  25. Section 24 — Conclusion of investigation.
  26. Section 25 — Appeal of result of investigation.
  27. Section 26 — Offences.
  28. Section 27 — Regulations.
  29. Section 28 — Liquation of credit reference bureau.
  30. Section 29

Preamble

No. 4 Credit Reference Act, 2011No. 4 Credit Reference Act 2011 THE CREDIT REFERENCE ACT, 2011 ARRANGEMENT OF SECTIONS Section No. PART I–PRELIMINARY

Section 16 — Data providers.

ACT Supplement to the Sierra Leone Gazette Vol. CXLII, No. 22 dated 5th May, 2011 Passed in Parliament this 22nd day of March, in the year of our Lord two thousand and eleven. VICTOR A. KAMARA, Clerk of Parliament. T HIS P RINTED IMPRESSION has been carefully compared by me with the Bill which has passed Parliament and found by me to be a true and correct printed copy of the said Bill. VICTOR A. KAMARA, Clerk of Parliament. P RINTED AND P UBLISHED BY THE G OVERNMENT P RINTING D EPARTMENT , S IERRA LEONE. GAZETTE NO . 22 OF 5 TH M AY , 2011 . No. 4 Credit Reference Act, 2011No. 4 Credit Reference Act 2011

Section 29

Transitional provisions.ii 17 Liquidation of credit reference. Transitional provisions. Regulations. (b) in the case of a firm, every person who at the time the offence was committed was a partner or officer of that firm, shall be deemed to have committed that offence. (2) In any proceedings for an offence under this Act, it shall be a defence for the person charged to prove that - (a) the offence was committed without his knowledge or connivance; (b) he took all reasonable precautions and exercised all due diligence to prevent the commission of the offence; or (c) that he acted in good faith. 27. The Central Bank may by statutory instrument, make Regulations to give effect to this Act. 28. Where a credit reference bureau ceases to do business or is subject to liquidation, it shall deliver all information it possesses, controls or owns to the Central Bank. 29. (1) The Central Bank shall, until the establishment of credit reference bureaus, create a credit reference division at the Central Bank. (2) Subject to subsection (1) the credit reference division shall perform the functions of a credit reference bureau under this Act.

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