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Limit the use or disclosure of credit reports by mortgage insurers.


CONTROL ID
00259
CONTROL TYPE
Data and Information Management
CLASSIFICATION
Preventive

SUPPORTING AND SUPPORTED CONTROLS



This Control directly supports the implied Control(s):
  • Establish, implement, and maintain a consumer credit report policy., CC ID: 00257

There are no implementation support Controls.


SELECTED AUTHORITY DOCUMENTS COMPLIED WITH



  • A credit provider that is or has been in possession or control of a report must not disclose personal information derived from the report or the report to another person for any purpose unless the information or report is disclosed to a mortgage insurer for assessing whether to provide insurance to … (§ 18N(1)(bb)(i), Act No. 119 of 1988 as amended, taking into account amendments up to Freedom of Information Amendment (Parliamentary Budget Office) Act 2012)
  • A credit provider that is or has been in possession or control of a report must not disclose personal information derived from the report or the report to another person for any purpose unless the information or report is disclosed to a mortgage insurer for assessing the risks of an individual defau… (§ 18N(1)(bb)(ii), Act No. 119 of 1988 as amended, taking into account amendments up to Freedom of Information Amendment (Parliamentary Budget Office) Act 2012)
  • A credit provider that is or has been in possession or control of a report must not disclose personal information derived from the report or the report to another person for any purpose unless the information or report is disclosed to a mortgage insurer for any purpose stated under a contract for mo… (§ 18N(1)(bb)(iii), Act No. 119 of 1988 as amended, taking into account amendments up to Freedom of Information Amendment (Parliamentary Budget Office) Act 2012)
  • A mortgage insurer that is or has been in possession or control of a credit report must not use personal information derived from the report or the credit report for any purpose other than for assessing whether to provide insurance to or the risk of providing insurance to a credit provider with resp… (§ 18P(1)(a), Act No. 119 of 1988 as amended, taking into account amendments up to Freedom of Information Amendment (Parliamentary Budget Office) Act 2012)
  • A mortgage insurer that is or has been in possession or control of a credit report must not use personal information derived from the report or the credit report for any purpose other than assessing the risk of the concerned individual defaulting on mortgage credit, unless the use for the other purp… (§ 18P(1)(b), Act No. 119 of 1988 as amended, taking into account amendments up to Freedom of Information Amendment (Parliamentary Budget Office) Act 2012)
  • A mortgage insurer that is or has been in possession or control of a credit report must not use personal information derived from the report or the credit report for any purpose other than assessing the risk of a concerned individual from meeting a liability that might arise from a guarantee with re… (§ 18P(1)(ba), Act No. 119 of 1988 as amended, taking into account amendments up to Freedom of Information Amendment (Parliamentary Budget Office) Act 2012)
  • A mortgage insurer that is or has been in possession or control of a credit report must not use personal information derived from the report or the credit report for any purpose other than a purpose that arises under a mortgage insurance contract between the mortgage insurer and the credit provider,… (§ 18P(1)(c), Act No. 119 of 1988 as amended, taking into account amendments up to Freedom of Information Amendment (Parliamentary Budget Office) Act 2012)
  • (§ 18P, Australia Privacy Act 1988)