Credit Reporting of “non-consumer” Debt Beginning Soon:  Are you Ready?

Lenders should prepare themselves for the next phase of credit reporting obligations, which will extend to credit advanced to non-consumer borrowers.  The reporting of non-consumer credit to the central credit register (“CCR”) will commence on 31 March 2018.  All in-scope lenders must report data on non-consumer credit to the CCR by 30 September 2018. 

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