(1) Subject to paragraph (2), if a consumer's credit application is rejected on the basis of the consultation of a database, the creditor concerned shall inform the consumer immediately and without charge of the result of the consultation and of the particulars of the database consulted.

(2) The information need not be provided if the provision of it is prohibited by another law or is contrary to objectives of public policy or public security.

(3) This Regulation is without prejudice to the application of the Data Protection Acts 1988 and 2003.

(4) A creditor or credit intermediary that contravenes a provision of this Regulation commits an offence.