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Section : Mortgage credit secured by the same real property
Domain : Human Resource Management
Classification : Not Identified

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(5) A disclosure by a credit provider of credit eligibility information about an individual is a permitted CP disclosure in relation to the individual if:

(a) the disclosure is to another credit provider that has an Australian link; and
(b) both credit providers have provided mortgage credit to the individual in relation to which the same real property forms all or part of the security; and
(c) the individual is at least 60 days overdue in making a payment in relation to the mortgage credit provided by either provider; and
(d) the information is disclosed for the purpose of either provider deciding what action to take in relation to the overdue payment. Compilation date: 11/12/2024