Law 84(I)/2026 in Practice: Check and Correct Your Credit Score in Cyprus
The ARTEMIS Data Exchange Mechanism has been part of lending in Cyprus for well over a decade. What is new is Law 84(I)/2026, which gives credit scoring a legal basis and makes lenders and servicers correct wrong entries promptly, with the Central Bank able to step in. Since 15 July 2026, lenders have been able to see your credit score when you apply for credit.
Credit scoring has a legal basis
Under the law, the Mechanism, operated by Artemis Credit Bureau, exists to assess creditworthiness, including through automated or non-automated credit scoring. The Central Bank may issue directives governing how scores are produced, reported and graded, and the safeguards afforded to those being scored.
The score runs from 1 to 671 and estimates the likelihood of default within the next 12 months. Each score comes with the three factors that weighed most heavily in it, which shows where to look if it seems wrong. Artemis Credit Bureau stresses that the score supports a lender’s decision rather than making it, but a weak score rarely goes unnoticed.
Not just borrowers
The record covers borrowers, but also anyone who has applied for credit, as well as guarantors, security providers and judgment debtors. It can also extend to connected persons, which for a company include its beneficial owners. A loan can stay on the record even after it is sold on, restructured, terminated or made the subject of legal proceedings.
The law also defines the entities required to submit data to Artemis, including credit purchasers and credit servicers, and those entitled to access it.
How to check your credit score
Submit a signed application form to Artemis Credit Bureau, in person or by post, to obtain your credit report, which includes your score.
How to correct errors
Most problems start with the data behind the score. Look out for a settled loan still showing a balance, a released guarantee still listed, or a loan that was sold on while the old entry was never closed.
To fix an entry, file a correction application, together with supporting documents such as settlement letters. Artemis passes it to the institution that supplied the data and informs you of the outcome.
This is where the new law helps most. If the data is wrong or incomplete, the institution must correct it immediately once Artemis notifies it in writing, or as soon as possible once it has adequate evidence from you. If it does not, the Central Bank can order the correction. The law also makes clear that none of this affects your right to rectification under the GDPR.
If the data is right but the score looks off, the same form lets you dispute the score itself.
Where the entry remains uncorrected, the matter may be referred to the Central Bank or to the Commissioner for Personal Data Protection, and legal advice may be sought as to any further remedies available.
Supervision and safeguards
The Central Bank supervises Artemis and every institution that reports to it or draws from it. Central Bank officers can inspect their premises and records, and where a breach is found, fines can follow. Before issuing rules on Artemis, the Central Bank must consult the Commissioner for Personal Data Protection, and only data that is strictly necessary may be exchanged. Everyone who submits or receives data through Artemis must keep it confidential and may use it only for the purpose for which it was obtained.
