Despite the submission of a revised bill, disagreements remain between the Government and the Parliament regarding the bill that gives credit purchase companies and non-performing loan (NPL) managers the right to search borrower and guarantor data from the ARTEMIS database and the Land Registry, while the managers will be supervised by the Central Bank.
The Ministry of Finance has tabled an amended bill under which credit acquisition companies and trustees may not, without the express consent of the affected person, conduct a search in relation to data held in the ARTEMIS database which, in relation to the lending under investigation, relates to a collateral provider and/or a person related to the borrower.
In the case of guarantors, both the credit purchasing companies and the
(CNA)
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