Document background
The Credit Consent Form is a crucial document required under Hong Kong law whenever an organization needs to collect, process, or share an individual's personal and credit-related data for credit assessment purposes. This document ensures compliance with the Personal Data (Privacy) Ordinance and the Code of Practice on Consumer Credit Data, while providing transparency to data subjects about how their information will be handled. The form must be obtained before any credit data can be shared with credit reference agencies or used for credit evaluation. It typically accompanies credit applications and includes comprehensive details about data collection purposes, sharing mechanisms, and the rights of data subjects. The document serves as a legal safeguard for both the organization and the individual, establishing clear parameters for data handling in credit-related activities.
