s 71 Duty to correct borrower information
71.—(1) A person may request a licensee to correct any error or omission in the borrower information of the licensee that relates to that person.[7/2018] (2) Upon receiving a request under subsection (1), the licensee must —(a) inform the Registrar and the designated credit bureau of the request as soon as practicable after receiving the request; (b) conduct and complete an investigation to ascertain the integrity of the borrower information within such period as the Minister may prescribe; and (c) unless the licensee is satisfied on reasonable grounds that a correction should not be made, within such period as the Minister may prescribe —(i) correct the borrower information in question; and (ii) send the corrected borrower information to the designated credit bureau.[7/2018] (3) Upon receiving a request of the designated credit bureau under section 78(3)(b), the licensee must —(a) inform the Registrar of the request as soon as practicable after receiving the request; (b) conduct and complete an investigation to ascertain the integrity of the borrower information of the licensee that is the subject of the request, within such period as the Minister may prescribe; and (c) unless the licensee is satisfied on reasonable grounds that a correction should not be made, within such period as the Minister may prescribe —(i) correct the borrower information in question; and (ii) send the corrected borrower information to the designated credit bureau.[7/2018] (4) Any licensee who without reasonable excuse contravenes subsection (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 6 months or to both.[30S [7/2018]