Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

Amendment No. 2 specifies that the cost of amending any inaccurate or incomplete information on the register will be borne by the credit information provider and not the credit information subject. I do not propose to take this amendment on board as the provision is not necessary. The Bill does not make provision for charges to be imposed on individuals who seek to amend inaccurate or incomplete information on the credit register.

Section 9 provides for an application process to correct personal information that is comparable to the process under the Data Protection Acts. I am advised by the Data Protection Commissioner, DPC, that data subjects do not have to pay a fee to request the correction of personal data held by the data controller.

An application in relation to the correction of information held on the credit register will, first, be made by the Central Bank. The Central Bank must rectify the credit register as appropriate where it is found that the information held on the credit register is inaccurate or incomplete. There is no resulting charge on the individual about whom the information concerns.

It is not necessary because of the existing provisions. For the information of Deputy Michael McGrath who spoke of section 26, my understanding is that section 26 does not allow fees to be imposed on individuals to apply in order to correct errors.

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