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Rule 38
Arrangements related to black list
: (1) The credit information center shall publish a black list of persons who embezzle funds from their member cooperatives or who do not return the principal and interest of the loan in accordance with sub-section (1) of section 80 of the Act.
(2) According to the sub-rule (1), the black list shall be published on the basis of the report with recommendations received from the relevant member organizations according to the prescribed standards of the Credit Information Center.
(3) According to sub-rule (2), the name of the blacklisted persons can be removed from the blacklist based on the report with recommendations received from the member organizations as per the prescribed criteria.
(2) According to the sub-rule (1), the black list shall be published on the basis of the report with recommendations received from the relevant member organizations according to the prescribed standards of the Credit Information Center.
(3) According to sub-rule (2), the name of the blacklisted persons can be removed from the blacklist based on the report with recommendations received from the member organizations as per the prescribed criteria.