List of Credit register participants
Credit Register participant is an economic operator providing financial services in Latvia associated with credit risks or taking over credit claims in Latvia arising from the provision of financial services associated with credit risks, where it is one of the following economic operators:
- a credit institution registered in Latvia and equivalent economic operator registered in another country that has opened a branch in Latvia,
- a commercial company registered in Latvia and having close links with the credit institution registered in Latvia (as defined by the Law "On Credit Institutions") or an equivalent economic operator registered in another country,
- an economic operator registered in another country and having close links with the credit institution registered in Latvia (as defined by the Law "On Credit Institutions") or an equivalent economic operator registered in another country, that has opened a branch in Latvia,
- a credit union registered in Latvia,
- an economic operator registered in Latvia and entitled to make insurance and an equivalent economic operator registered in another country that has opened a branch in Latvia
- a state capital company, registered in Latvia, established and operating as a joint stock company and fulfilling a special task – implementing state development and aid programmes;
Register participant with restricted status (a restricted Register participant)is an economic operator that has lost a Credit Register participant's status and has entered data on the customer's obligations or customer guarantor's obligations in the Credit Register till the day of losing the Credit Register participant's status, where such obligations have not been terminated or the rights and obligations or credit claims arising from the customer or customer guarantor's agreement have not been transferred to other person.