Document background
The Letter of Consent for Disclosure of Credit Information is a crucial document in Singapore's financial services sector, required whenever an individual's credit information needs to be shared with financial institutions or other authorized parties. This document is mandated by Singapore's regulatory framework, particularly the PDPA and Banking Act, to protect individual privacy while facilitating necessary credit assessments. It enables financial institutions to access and evaluate credit histories for various purposes such as loan applications, credit card issuance, or mortgage approvals, while ensuring compliance with data protection requirements.
