Data on negative credit information for loans up to 10,000 soms may be excluded from the credit history if more than 1 year has passed.
In the current version of the law, the retention period for such information is five years, regardless of the loan amount.
The justification for the changes states that this measure is aimed at improving citizens' access to credit.
In addition, the Ministry of Economy also proposes to reduce the retention periods for credit data in general.
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