(1) Credit information companies, MyData companies, and claims collection agencies may establish a Credit Information Companies Association for the purposes of promoting sound development of the industries related to credit information and maintaining order in business among credit information companies, MyData companies, and claims collection agencies. <Amended on Feb. 4, 2020>
(2) The Credit Information Companies Association shall be a corporation.
(3) The Credit Information Companies Association shall perform the following duties, as prescribed by its articles of association: <Amended on Feb. 4, 2020>
1. Maintaining sound business practices among credit information companies, MyData companies, and claims collection agencies;
2. Engaging in research and study to develop industries related to credit information;
3. Counseling and handling petitions related to credit information;3-2. Business permitted for the Credit Information Companies Association under this Act and other statutes or regulations;
4. Other duties prescribed by Presidential Decree.
(4) Except as provided in this Act, the provisions concerning an incorporated association of the Civil Act shall apply mutatis mutandis to the Credit Information Companies Association.