HB 1152
House·20th Congress·Filed Jul 2, 2025
An Act Revising Republic Act No. 9510, Entitled "An Act Establishing the Credit Information System and for Other Purposes", Abolishing the Credit Information Corporation, and Transferring Its Functions to the Bangko Sentral Ng Pilipinas.
In plain language
The bill eliminates the Credit Information Corporation and moves its duties and credit‑data system to the central bank (BSP). It creates a single, nationwide credit information system, gives borrowers free access to their own credit records and a fast way to correct errors, and sets penalties for entities that do not follow the new rules.
Consumer ProtectionGovernment AdministrationPublic Order and Safety
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB01152 · Sources: BetterGov Open Congress, BatasWatch