Implementation of the Credit Information System Act (Republic Act No. 9510)

Wednesday, June 8, 2016
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This is to notify our valued clients that pursuant to Republic Act No. 9510 and its Implementing Rules and Regulations (IRR) otherwise  known as the Credit Information System Act (CISA), prescribed the powers and functions of the Credit Information Corporation (CIC) whose primary mandate is to establish a comprehensive and centralized credit information system for the collection and dissemination of fair and accurate information relevant to credit-related activities of all banks and other entities participating in the financial system.

In compliance, BHF Rural Bank, Inc. will submit your basic credit data as well as any regular updates or correction thereof to the CIC for consolidation and disclosure as may be authorized by the CIC. Such credit data may be shared by the CIC with other authorized lenders and other duly accredited credit reporting agencies for the purpose of establishing your creditworthiness.

For more details, you may visit www.creditinfo.gov.ph