the law of the kyrgyz republic
Bishkek, No. 160 as of November 25, 2014
On the Exchange of the Credit Information
(As amended by Laws of the Kyrgyz Republic No. 83 as of July 8, 2019, No. 29 as of March 23, 2020, No. 85 as of July 22, 2020, No. 74 as of March 29, 2023, No. 78 as of April 22, 2024, No. 88 as of May 23, 2024, No. 28 as of January 27, 2025, No. 167 as of July 30, 2025, No. 59 as of April 29, 2026)
Article 1. The Purpose of This Law
The purpose of this Law is to regulate relations in the field of exchanging the credit information and the information on prohibition to conclude a credit transaction.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 2. The Legislation of the Kyrgyz Republic in the Field of Exchanging the Credit Information
The legislation of the Kyrgyz Republic in the field of exchanging the credit information and the information on prohibition to conclude a credit transaction consists of the Constitution, this Law and other regulatory legal acts of the Kyrgyz Republic, as well as international treaties to which the Kyrgyz Republic is a party and which have come into effect in accordance with the procedure established by the legislation.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 3. Basic Definitions
The following basic definitions are used in this Law:
a Credit Transaction is credit, loan, leasing, factoring and other agreements that provide for the lending of the funds and other property, as well as agreements in accordance with the principles of Islamic banking and finance, taking into account the specific nature of the used terminology;
Credit Information Exchange is the interaction of the credit bureau, a subject, a provider and a user of the credit information to collect, process, analyze, store, submit, use and protect the credit information in order to create a credit history and provide a credit report;
a Credit Information Subject is a legal entity or an individual acting, respectively, as a borrower (a debtor), a lessee, a customer under an agreement in accordance with the principles of Islamic banking and finance, a surety, a guarantor, or having other financial debt and obligation to the lender in accordance with a concluded civil-law agreement, an individual who has imposed the prohibition to conclude a credit transaction;
Self-Prohibition to Conclude a Credit Transaction (hereinafter referred to as the “Self-Prohibition”) is independent declaration of the intention by the credit information subject – an individual to impose the prohibition to conlude a credit transaction with it by a bank or a nonbank financial and credit organization (hereinafter referred to as the “Credit Organization”) in accordance with the requirements of this Law;
a Credit Information Provider is a legal entity or an individual providing the credit information to the credit bureau;
a Credit Information User is a legal entity or an individual acting as a lender, a lessor, a pledge holder, respectively;
Positive Credit Information is information about the credit information subject containing information on the proper fulfillment of obligations under the concluded agreement by the credit information subject;
Negative Credit Information is information about the credit information subject containing information on the failure to fulfill contractual obligations (an overdue debt) for over ninety calendar days and (or) other mandatory payments. The information on the failure to fulfill contractual obligations and/or other mandatory payments shall not be included in the negative credit information if the default on obligations has occurred during an emergency and/or extraordinary situation.
(As amended by Laws of the Kyrgyz Republic No. 85 as of July 22, 2020, No. 167 as of July 30, 2025)
Article 4. Credit Information
Credit information is information about the status of a credit transaction, the fulfillment of obligations on the provided security (collateral, a guarantee, a surety and other types of the security), as well as other information that helps to determine the creditworthiness, the financial condition, the solvency, the payment discipline and other characteristics of the credit information subject, including the following data:
1) allowing identification of the subject and the provider of the credit information;
2) on the obligations of the credit information subject to pay a monetary amount under a civil-law agreement, including an agreement in accordance with the principles of Islamic banking and finance, taking into account the specific nature of the used terminology, including the amount of the principal debt, the disbursement date, the maturity date according to the schedule and the actual date, the amount of the interest rate, the amount of accrued interest, the amount of fines, penalties and forfeits, information on the fact of debt restructuring (changes in the debt repayment schedule, the amount and the structure of the debt, the amount of the interest rate);
3) on collateralized property related to the credit transaction.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 5. Credit History
1. Credit history is a set of credit information created by the credit bureau regarding the credit information subject.
2. The credit history must include information:
1) allowing identification of the credit information subject;
2) on the credit transactions of the credit information subject, as well as the status of their execution;
3) on the obligations of the credit information subject to pay a monetary amount under the civil-law agreement;
4) on the date of creating the credit history, and also on the credit bureau that has created the credit history.
3. Other information may be included in the credit history in accordance with the credit information exchange agreement.
4. The credit history shall not include information about the obligations of the credit information subject to pay a monetary amount, if from the date of the fulfillment more than the following periods have passed:
1) two years for the negative credit information;
2) one year for the negative credit information on the credit transaction the amount of which is equal to or less than thirty thousand soms;
3) five years for the positive credit information.
5. Credit information provided by the credit information provider (a legal entity) that has subsequently been liquidated shall be stored for two years from the date of the last modification of the information contained in the credit history.
6. The information on the loan agreement provided by the pawnshop shall be stored for one year, after which it shall be excluded by the credit bureau from the borrower’s credit history.
(As amended by Laws of the Kyrgyz Republic No. 85 as of July 22, 2020, No. 88 as of May 23, 2024, No. 59 as of April 29, 2026)
Article 6. A Credit Report
1. A credit report is a document that contains complete or partial information included in the credit history.
2. The form, the content and the manner of submitting the credit report shall be determined by the agreement on the exchange of the credit information.
3. The credit report shall be provided by the credit bureau:
1) to the credit information user - with the consent of the credit information subject;
2) the credit information subject - upon its request specifying identification data of all providers and users of the credit information of this credit information subject.
4. The credit report shall be provided within a period not exceeding two business days from the date on which the credit bureau receives the request for its provision, unless otherwise stipulated in the agreement.
5. The credit report shall be provided only with regard to one credit information subject.
Article 7. A Credit Bureau
1. A credit bureau is a legal entity that is a commercial organization providing services for the exchange of the credit information and the information on self-prohibition.
2. The participation of one user in the authorized capital of the credit bureau may not exceed 10 percent.
3. The activities of the credit bureau shall be carried out based on a license issued by an authorized government authority.
4. The company name of the credit bureau must include the phrase “credit bureau”. A legal entity that does not meet the requirements of this Law shall not be entitled to use the phrase “credit bureau” in its name.
5. The credit bureau shall be entitled to have stamps, forms with its own company name and its own emblem.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 8. The State Registration of the Credit Bureau and the Issuance of a License to Carry Out the Activities of the Credit Bureau
1. The state registration of the credit bureau shall be implemented in accordance with the procedure established by the legislation.
2. The license to carry out the activities of the credit bureau (hereinafter referred to as the “license”) shall be issued by an authorized government authority of the Kyrgyz Republic.
3. For the issuance of the license, an application must be submitted to the authorized government authority of the Kyrgyz Republic indicating the location (postal address), to which the following shall be attached:
1) the minutes of the general meeting of founders on the creation of the credit bureau;
2) constituent documents of the credit bureau;
3) information about the head and the founders of the credit bureau;
4) documents confirming that the parameters and the placement of the software and hardware complex ensuring the protection of the credit information and the self-prohibition information from unauthorized access, destruction, modification, use or disclosure meet the requirements, established by the authorized government authority of the Kyrgyz Republic;
5) a document of the bank confirming the formation of the credit bureau’s authorized fund;
6) a certificate of state registration;
7) a document confirming the payment of the state duty for the license in accordance with the legislation of the Kyrgyz Republic on non-tax revenue.
4. Within thirty days from the date of submitting the documents for receiving the license, the authorized government authority of the Kyrgyz Republic shall issue the license.
5. Amendments and addenda to the constituent documents of the credit bureau shall be registered with the authorized government authority of the Kyrgyz Republic in accordance with the procedure provided for by the legislation.
(As amended by Laws of the Kyrgyz Republic No. 29 as of March 23, 2020, No. 167 as of July 30, 2025)
Article 9. Refusal in the State Registration of the Credit Bureau and the Issuance of the License
1. The authorized government authority of the Kyrgyz Republic may refuse to issue the license in the following cases:
1) the failure to submit the documents required for issuing the license;
2) non-compliance of the constituent and other submitted documents with the legislation of the Kyrgyz Republic;
3) the presence of unreliable or distorted information in the documents submitted for the license;
4) the absence of the software and hardware complex ensuring the protection of the credit information and the self-prohibition information from unauthorized access, destruction, modification, use or disclosure, or non-compliance of the software and hardware complex with the established requirements;
5) the failure of the head of the credit bureau to meet the established qualification requirements.
2. The decision to refuse to issue the license shall be sent in writing to the applicant specifying the reasons for the refusal and the period within which the applicant, having removed the stated reasons, may submit an application for reconsideration. At the same time, the period specified in the decision to refuse to issue the license must be proportionate to the time needed to remedy the deficiencies.
3. The documents submitted for receiving the license shall be reconsidered within the period not exceeding ten days from the date of receiving the application with all necessary documents. The application submitted after the expiration of the period specified in the decision on the refusal in the state registration of the credit bureau and the issuance of the license shall be deemed to be newly submitted.
4. The decision to refuse to issue the license may be appealed in court, provided that the prejudicial appeal procedure against the decisions of the National Bank of the Kyrgyz Republic is followed.
(As amended by Laws of the Kyrgyz Republic No. 78 as of April 22, 2024, No. 167 as of July 30, 2025)
Article 10. Suspension, Termination and Re-Issuance of the License
The license shall be suspended, terminated or reissued in accordance with the procedure established by the legislation.
Article 11. Reorganization and Liquidation of the Credit Bureau
1. The credit bureau shall be reorganized and liquidated in accordance with the procedure provided for by the legislation, subject to the requirements of this Law.
2. No later than one business day after the decision on reorganization or liquidation is made, the credit bureau shall notify thereof in writing the authorized government authority of the Kyrgyz Republic and place a relevant announcement on a weekly basis in the mass media within two months.
3. In the case of reorganization of the credit bureau, the database of the credit information shall be provided to its legal successor if the latter has a license from the authorized government authority of the Kyrgyz Republic. In this case, the legal successor of the credit bureau shall be obliged to notify thereof the providers of the credit information and the authorized government authority of the Kyrgyz Republic in writing within five business days from the date of receiving the credit information database. In addition, the announcements placed in the mass media shall contain the information that the credit information database of the credit bureau has been provided to its legal successor.
4. If the legal successor of the credit bureau does not have a license, and in the cases of liquidation of the credit bureau, termination of the license, the database of the credit information and the information on self-prohibition shall be provided free of charge to the authorized government authority of the Kyrgyz Republic within the deadlines set by the banking legislation.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 12. Powers of the Authorized Government Authority of the Kyrgyz Republic to Regulate and Supervise the Activities of the Credit Bureaus
1. The authorized government authority for licensing, regulating and supervising the activities of the credit bureaus in accordance with this Law is the National Bank of the Kyrgyz Republic.
2. The authorized government authority of the Kyrgyz Republic shall:
1) within the scope of its powers, adopt the regulatory legal acts in the field of regulating the exchange of credit information and information on self-prohibition;
See:
Resolution No. 2023-P-17/79-3 (NFKU) of the National Bank of the Kyrgyz Republic Board as of December 18, 2023 “On Approval of the Regulation “On Licensing the Activities of the Credit Bureaus"
2) issue a license, suspend or terminate it or reiisue the license in accordance with the procedure established by the legislation;
3) maintain the State Register of Credit Bureaus;
4) establish the mandatory requirements for the credit bureaus to conduct internal audits, prepare annual reports, as well as the parameters and the placement of the software and hardware complex that ensures the protection of the credit information;
5) receive reports and information concerning the activities of the credit bureaus;
6) inspect the activities of the credit bureaus in accordance with the procedure established by the legislation;
7) establish the qualification requirements for the head and the officials of the credit bureau, a list of which shall be determined by the authorized authority, as well as the persons willing to purchase in aggregate 10 and more percent of the shares in the credit bureau;
8) apply enforcement measures against the credit bureaus for the violation of the requirements of the legislation of the Kyrgyz Republic on the grounds and in the manner provided for by the banking legislation of the Kyrgyz Republic;
9) establish the requirements for the authorized capital of the credit bureau;
See:
Resolution No. 2023-P-17/75-2-(NFKU) of the National Bank of the Kyrgyz Republic Board as of December 6, 2023 “On the Minimum Amount of the Authorized Capital of a Credit Bureau”
10) determine the procedure for purchasing the shares of the credit bureau exceeding 10 and more percent of the shares of the credit bureau.
(As amended by Laws of the Kyrgyz Republic No. 74 as of March 29, 2023, No. 167 as of July 30, 2025)
Article 13. Rights of the Credit Bureau
The credit bureau shall be entitled to:
1) conclude agreements on the exchange of credit information and information on self-prohibition, as well as to carry out other transactions in accordance with the legislation;
2) obtain reliable, updated credit information from the credit information providers;
3) provide advisory services to the credit information users in order to assist them in assessing the creditworthiness, the financial condition, the solvency, the payment discipline of the credit information subjects;
4) assist the credit information providers in providing the credit information;
5) develop and use methodologies for calculating the rating of the credit information subjects;
6) request the credit information from other credit bureaus.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 14. Obligations of the Credit Bureau
1. The credit bureau shall be obliged to:
1) maintain the credit information database in an electronic form in accordance with the provided data;
1-1) maintain the database on the existence/the removal of self-prohibition, the date and the time of imposing/removing the self-prohibition in an electronic form in accordance with the provided data;
1-2) provide relevant and reliable information on self-prohibition upon request of the credit information users and the credit information subjects in the manner and within the periods established by the authorized government authority of the Kyrgyz Republic;
2) enter the credit information in the credit history no later than the next business day from the date of its receipt;
3) ensure the protection and the storage of the credit information and the information on the existence/the removal of self-prohibition, the date and the time of imposing/removing the self-prohibition;
4) exchange the credit information only in accordance with the purposes specified in Part 1, Article 24 of this Law;
5) assist the subjects, the providers, and the users of the credit information in detecting and correcting unreliable or distorted data in the credit information;
6) provide the authorized government authority of the Kyrgyz Republic with reporting and other information about its activities within the established deadlines;
7) ensure the storage of the credit information:
- positive credit information for five years;
- negative credit information for two years;
- negative credit information on a credit transaction, the amount of which is equal to or less than thirty thousand soms, for one year;
- credit information of the liquidated credit information provider within the period set forth in Part 5, Article 5 of this Law;
- credit information on the failure to fulfill the contractual obligations (an overdue debt) and (or) other mandatory payments due to an emergency and (or) extraordinary situation for three years;
- information on the loan agreement provided by the pawnshop, within the period set forth in Part 6, Article 5 of this Law;
7-1) ensure that the information on self-prohibition is stored for the entire period of the imposed self-prohibition and for three years after the prohibition has been removed;
8) keep a record and maintain accounting for each access to the credit history, as well as the information on the existence/removal of the self-prohibition.
2. The credit bureau shall be obliged to provide the credit information subject and the credit information user with a corrected credit report if unreliability or distortion of the information contained in the credit report has occurred not through the fault of the credit information subject.
The corrected credit report shall be submitted within fifteen business days from the date when:
1) the credit bureau, the credit information provider or the credit information user receives a claim from the credit information subject regarding the inconsistency of the information contained in the credit report, or
2) when the credit bureau becomes aware of unreliable or distorted information contained in the credit report.
3. If unreliability or distortion of the information contained in the credit report is not confirmed or has occurred through the fault of the credit information subject, the credit bureau shall inform the credit information subject in writing within fifteen business days from the receipt of the relevant claim from the credit information subject.
4. The credit bureau shall be responsible for distortion of the credit information received from the credit information provider in accordance with the legislation.
4-1. The credit bureau shall be obliged to place its information systems, ensuring collection, storage, processing and exchange of the credit information and the information on self-prohibition, on the territory of the Kyrgyz Republic.
5. The credit bureau may also have other obligations in accordance with the legislation and the credit information exchange agreement.
6. The credit bureau shall be responsible for providing untimely, irrelevant, unreliable information on the existence/the absence (the removal) of the self-prohibition in accordance with the banking legislation of the Kyrgyz Republic.
(As amended by Laws of the Kyrgyz Republic No. 85 as of July 22, 2020, No. 74 as of March 29, 2023, No. 88 as of May 23, 2024, No. 167 as of July 30, 2025, No. 59 as of April 29, 2026)
Article 15. An Annual Report of the Credit Bureau
1. The annual report of the credit bureau on its performance must be published in the mass media no later than May 1 of the year following the reporting year.
2. The requirements for the content of the annual report shall be established by the authorized government authority of the Kyrgyz Republic.
Article 16. Submission of the Credit Information to the Credit Bureaus
1. The credit information shall be submitted by the credit information providers to the credit bureaus based on the credit information exchange agreement.
2. The credit information providers – the credit organizations shall be obliged to submit their credit information to the existing credit bureaus licensed by the authorized government authority and included in the State Register of Credit Bureaus.
The information on the failure to fulfill the contractual obligations (an overdue debt) for more than ninety calendar days and (or) other mandatory payments due to an emergency and (or) extraordinary situation shall not be included in the negative credit information, provided that the credit information subject has submitted a statement specifying the circumstances related to the introduction of the emergency and/or extraordinary situation, which have affected the proper fulfillment of its obligations by the credit information subject.
3. The credit information shall, as a rule, be submitted in an electronic form. The submission of the credit information on paper shall be determined in the credit information exchange agreement.
4. The credit information providers shall submit the credit information to the credit bureaus with the consent of the credit information subject, except when the negative credit information is submitted. The credit bureaus may exchange the credit information with each other only with the consent of the credit information subject.
5. The credit information providers and the credit bureaus shall be obliged to comply with bank and commercial secrets in accordance with the legislation of the Kyrgyz Republic.
(As amended by Laws of the Kyrgyz Republic No. 85 as of July 22, 2020, No. 74 as of March 29, 2023, No. 167 as of July 30, 2025)
Article 17. Authorities and Organizations Submitting the Credit Information to the Credit Bureau
1. The credit information shall be submitted to the credit bureau upon its request by:
1) authorized government authorities that carry out the state registration of legal entities - in the amount of information included in the Unified State Register of Legal Entities, Branches (Representative Offices);
2) authorized government authorities that carry out the state registration of individual entrepreneurs, in the amount of non-confidential information included in the State Register of Taxpayers;
3) the authorized government authority that carries out the state registration of the rights to immovable property and transactions with it, - in the amount of information included in the Unified State Register of Rights to Immovable Property (the USRR) in accordance with the procedure established by the legislation;
4) the authorized government authority that carries out the state registration of motor vehicles and drivers, in accordance with the procedure established by the legislation;
5) the state tax service authorities - according to the Tax Code of the Kyrgyz Republic, in the amount of information that does not constitute tax secrecy of a specific taxpayer;
6) public notary offices - on the absence of prohibition to alienate or seize the object that is the subject of the transaction;
7) authorized government authorities issuing a license and (or) other authorization documents, - on the issuance of these documents, suspension or termination of the license and (or) other authorization documents, as well as on their reissuance.
2. The credit information may be submitted to the credit bureau and other authorities and organizations in accordance with the legislation.
(As amended by Law of the Kyrgyz Republic No. 83 as of July 8, 2019)
Article 18. A Credit Information Exchange Agreement
1. The credit bureau shall receive the credit information from the credit information providers and provide a credit report to the credit information users based on the credit information exchange agreement.
2. The credit information exchange agreement shall be concluded by the credit bureau with the credit information provider or user.
3. The credit information exchange agreement shall contain:
1) the type, the form, the procedure for submitting and updating the credit information;
2) the rights and the obligations of the parties to ensure the protection of the credit information from unauthorized access, destruction, modification, use or disclosure;
3) the interaction procedure between the parties when detecting or correcting unreliable or distorted information in the credit information.
4. The credit information exchange agreement may contain also other terms and conditions in accordance with the legislation.
Article 19. Consent of the Credit Information Subject to the Provision of a Credit Report by the Credit Bureau
1. The credit bureau shall submit a credit report to the credit information user only with the consent of the credit information subject.
2. The consent of the credit information subject to the provision of the credit report about itself shall be executed in writing or in the form of an electronic document in accordance with the legislation, indicating the date, the credit information user and the purpose of providing the credit report. The credit report shall only be provided to the credit information user specified in the consent of the credit information subject.
3. The consent of the credit information subject to the provision of the credit report about itself shall be stored with the credit information user for five years. If a credit transaction is concluded between the credit information subject and the credit information user, the consent of the credit information subject to the provision of the credit report about itself shall be stored with the credit information user for five years after the date of executing the credit transaction. The credit information user shall be obliged, at the request of the credit bureau, to submit the specified consent for review within three business days from the date of the request.
Article 20. Rights and Obligations of the Credit Information Provider
1. The credit information provider shall be entitled to:
1) require the credit bureau to have a license;
2) provide the credit information to several credit bureaus. The credit information providers – the credit organizations shall provide the credit information in accordance with Part 2, Article 16 of this Law.
2. The credit information provider may have also other rights in accordance with the legislation and the credit information exchange agreement.
3. The credit information provider shall be obliged to:
1) provide the credit bureau with reliable and updated credit information based on actual data;
2) inform the credit bureau of changes and updates to the credit information in a timely manner;
3) at the request of the credit information subject and (or) the credit bureau, to make changes to the credit information previously provided to the credit bureau in respect of identified errors and discrepancies in data;
4) ensure the smooth functioning of the data transmission system to the credit bureau in accordance with the credit information exchange agreement.
4. The credit information provider shall be responsible for distorting the credit information submitted to the credit bureau in accordance with the legislation.
5. The credit information provider may also have other obligations in accordance with the legislation and the credit information exchange agreement.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 21. Rights and Obligations of the Credit Information User
1. The credit information user shall be entitled to:
1) (ceased to be effective in accordance with Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
2) communicate its comments to the credit bureau regarding the reliability of the provided credit report;
3) require the credit bureaus to explain the methodology of calculating the rating of the credit information subject and the factors that have influenced the rating of the credit information subject.
2. The credit information user may have also other rights in accordance with the legislation and the credit information exchange agreement.
3. The credit information user shall be obliged to:
1) request from the credit information subject the consent to receive the credit report on the credit information subject from the credit bureau;
2) maintain the confidentiality and the safety of the credit report and not disclose the credit information contained therein to third parties;
3) use the credit report only for the purposes provided for in Part 1, Article 24 of this Law;
4) upon request from the credit bureau, within three business days, present the previously obtained consent of the credit information subject to submit the credit report on it for review;
5) request the credit information from at least two credit bureaus licensed by the authorized government authority and included in the State Register of Credit Bureaus;
6) the credit organizations shall be obliged to request information from the existing credit bureaus licensed by the authorized government authority and included in the State Register of Credit Bureaus, on the existence of self-prohibition to conclude a credit transaction and to refuse to conclude a credit transaction with the credit information subject - an individual if there is active self-prohibition. The request for the existence of the self-prohibition to conclude a credit transaction can be sent to the credit bureau without the customer’s consent.
4. The credit information user shall be responsible for distorting the information contained in the credit report in accordance with the legislation.
5. The credit information user may also have other obligations in accordance with the legislation and the credit information exchange agreement.
6. The credit transaction concluded by the credit organizations in violation of the requirements of clause 6, Part 3 of this article shall be null and void.
(As amended by Laws of the Kyrgyz Republic No. 28 as of January 27, 2025, No. 167 as of July 30, 2025)
Article 22. Rights of the Credit Information Subject
The credit information subject shall be entitled to:
1) receive information from the credit information providers or the authorized government authority about the credit bureau in which its credit history is stored;
2) receive the credit report on itself from the credit bureau free of charge once a year;
2-1) receive information about its self-prohibition through the State Electronic Services Portal of the Kyrgyz Republic on a free basis;
3) receive the credit report on itself from the credit bureau free of charge in the case that a corrected credit report is provided to the credit information subject in accordance with Part 2, Article 14 of this Law;
4) apply to the credit bureau, the credit information provider or the credit information user with a claim regarding the inconsistency of the information contained in the credit report;
5) receive information from the credit bureau about the purpose of providing the credit report on it and about the credit information users to whom the credit report has been provided;
6) require the credit information providers to make changes to their credit information in order to reflect reliable and updated information in it;
7) require the credit information providers to provide the credit information to the credit bureaus in a timely manner;
8) require the credit bureau to include clarifications in their credit history;
9) refuse to grant consent to the issuance of the credit information to the credit bureau, the credit report on itself in cases where the consent is required in accordance with the requirements of this Law;
10) require timely review of its application to the credit bureau;
11) have access to the credit information about itself held in the credit bureau, irrespective of the purposes for which it is used;
12) impose the self-prohibition to conclude a credit transaction, and also remove such self-prohibition in accordance with Article 22-1 of this Law.
(As amended by Laws of the Kyrgyz Republic No. 85 as of July 22, 2020, No. 167 as of July 30, 2025)
Article 22-1. Imposing or Removing the Prohibition to Conclude Credit Transactions
1. The credit information subject – an individual shall impose the self-prohibition as well as remove the self-prohibition independently and free of charge through the State Electronic Services Portal of the Kyrgyz Republic or in another way, determined by the authorized government authority of the Kyrgyz Republic. The imposed self-prohibition shall not have a retroactive effect with regard to the credit transactions concluded with the credit organizations prior to the imposition of this self-prohibition.
2. Information about the self-prohibition to conclude the credit transactions shall be sent to the credit bureaus at the choice of the credit information subject who has imposed the self-prohibition. The State Electronic Services Portal of the Kyrgyz Republic and the credit information providers shall ensure the intersystem integration with the existing credit bureaus licensed by the authorized government authority and included in the State Register of Credit Bureaus, in terms of transmitting information about the self-prohibition (removal of the prohibition) to conclude the credit transactions.
3. The procedure for determining the periods of commencement, validity and termination of the self-prohibition, the form of imposition and the requirements for the self-prohibition (removal of the prohibition) shall be established by the authorized government authority of the Kyrgyz Republic.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 23. Storage and Protection of Credit Information
1. The credit bureaus, the providers and the users of the credit information must ensure that the credit information is stored and protected from unauthorized access, destruction, modification, use or disclosure.
2. The credit bureaus, the providers and the users of the credit information, their managers and other employees who have received access to the information included in the credit history in accordance with this Law shall be prohibited to disclose the information, received or became known to them in the course of exchanging the credit information.
3. Persons to whom information constituting the credit information has been entrusted, or become known in connection with the performance of their official duties, or has been provided in accordance with the procedure established by this Law, shall also not be entitled to disclose this information after the termination of their employment agreement.
4. These persons shall be responsible for the disclosure or the illegal use of the credit information in accordance with the procedure provided for by the legislation of the Kyrgyz Republic.
Article 24. Restrictions on the Provision and the Exchange of Credit Information
1. The credit information shall be provided and exchanged only for the purposes of the risk assessment in concluding, modifying and monitoring the execution of the credit transaction, including through the rating of the credit information subjects.
2. The credit information may be provided to the court of the Kyrgyz Republic in accordance with the legislation of the Kyrgyz Republic. The credit information shall be provided to any third parties solely based on a judicial act in accordance with the procedure established by the legislation of the Kyrgyz Republic.
3. It is not allowed to provide the credit information, the credit history, the credit reports and other information to persons who are not the credit information users.
(As amended by Law of the Kyrgyz Republic No. 85 as of July 22, 2020)
Article 25. Resolution of Disputes
Disputes concerning the exchange of the credit information and the information on self-prohibition shall be resolved in accordance with the procedure established by the legislation.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 26. Responsibility for Violation of the Credit Information Exchange Legislation
Persons guilty of violating the legislation on the exchange of the credit information and the information on self-prohibition shall be responsible in accordance with the procedure established by the legislation of the Kyrgyz Republic.
(As amended by Law of the Kyrgyz Republic No. 167 as of July 30, 2025)
Article 27. Final Provisions
In accordance with this Law, the Government of the Kyrgyz Republic shall:
1) ensure that the state administration bodies review and repeal their regulatory legal acts that contradict this Law;
2) within three months from the date on which this Law becomes effective, bring its regulatory legal acts in accordance with this Law.
Article 28. Enactment of this Law
This Law shall come into effect from the date on which:
1) amendments to the Law of the Kyrgyz Republic “On the Licensing and Authorization System in the Kyrgyz Republic” come into effect, which provide for the inclusion of the credit bureaus’ activities in the list of activities subject to licensing;
2) amendments to the Law of the Kyrgyz Republic “On Bank Secrecy” come into effect, which provide for the right to exchange credit information in accordance with this Law.
See:
Law of the Kyrgyz Republic No. 91 as of June 28, 2016 “On the Introduction of Amendments to Certain Legislative Acts of the Kyrgyz Republic (in the Laws of the Kyrgyz Republic “On the Licensing and Authorization System in the Kyrgyz Republic”, “On Bank Secrecy”)”
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President of the Kyrgyz Republic |
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A. Atambaev |
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Adopted by the Zhogorku Kenesh of the Kyrgyz Republic |
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October 23, 2014 |