Credit Information Law No. 15 of 2010

Article (1)

This law shall be called the “Credit Information Law of 2010”.


Article (2)

Wherever they appear in this law, the following words and expressions shall have the meanings assigned to them hereunder, unless the context indicates otherwise:

Central bank: Central Bank of Jordan.

Governor: Governor of the Central Bank.

Bank: Bank licensed by the Central Bank.

The Company: Limited Liability Company or Private Shareholding Company licensed to exercise the activities determined by this law.

The License: The permission that is granted to the company to exercise its activities according to the provisions of this law, regulations and instructions issued by virtue thereof.

Credit Information: The information related to the client’s credit Profile, client’s identity, his Commercial Register (if any) and credit record during a certain period of time. This shall include credit facilities extended to the client, deferred- payment sales contracts signed with the client, maturity date for each one, provisions, conditions, guarantees related to any of such, the mechanism of payment, and to what extent the client complies to paying his dues.

The access permit: A written consent provided by the client which allows the credit provider to access and to exchange the credit information of the client held at the company in accordance with the provisions of this law.

Credit report: The report which is issued by the company, after obtaining the access permit, in accordance with the provisions of this law.

The Client: Any person/ entity about whom the company provides credit information or issues a credit report to the credit provider, in accordance with the provisions of this law.

Credit provider: Any person that grants credit facilities or deferred- payment sales to the client, in accordance with effective legislations.

Data Provider: Any of the parties specified in article (9) of this Law that is connected to the company by virtue of a Credit Information provision agreement.

The Court: Court of First Instance within whose territorial authority the head office of the company is located.