February 14, 2016Bank of Commerce is mandated to submit your basic credit data (as defined in R.A. 9510 and its IRR), as well as any regular updates or correction thereof, to the Credit Information Corporation (CIC) for consolidation and disclosure as may be authorized by the CIC, in compliance with CIC Circular 2015-01 and Republic Act (R.A.) No. 9510 or the Credit Information System Act. Consequently, your basic credit data may thus be shared with other lenders authorized by the CIC, and other reporting agencies duly accredited by the CIC, for the purpose of establishing a client’s creditworthiness. For more information, visit CIC to view the Frequently Asked Questions from the CIC website.