Colombia. Financial data. Law
Law 1266Statutory Law No. 1266 of 2008 (Habeas Data - financial, credit, commercial and services data)
In force
Partly verified
Medium confidence.Law 2157/2021 amendment from general knowledge.
§1Summary
- Synopsis
Regulates credit bureau and financial/commercial data about individuals, setting rules on reporting negative information, notice before reporting and retention periods.
- Key themes
- Unique features
Requires prior notice before negative reporting and caps how long negative data can remain on file.
- SaaS relevance
Relevant to fintech and lending SaaS that report to or consume credit bureau data in Colombia.
§2Dates
- Key dates
- Adopted
- In force
- Amended by Law 2157 of 2021 ('Borrón y cuenta nueva')
§3Text and authority
- Text
- Authoritative text funcionpublica.gov.co
- Authority
- SIC; Superintendencia Financiera de Colombia (for supervised entities)
§4Where it applies
- Domestic law of
- Colombia
§5Sources and verification
- Verification
Medium confidence.
Partly verified
Medium confidence.Law 2157/2021 amendment from general knowledge.