General Information
The Default Financial Obligation
System contains data (e.g. bounced checks, liquidation
auction announcements, bankruptcies) concerning the credit behavior
of individuals and companies. The Mortgages and
Prenotations to Mortgages System
contains data regarding mortgages, prenotation of mortgages and
conversions of prenotation to mortgages. Both DFO & MPS aim
at supporting a more accurate assessment of the financial credibility
of the clients (current or future) by the banks.
Data Categories/Sources
The data sources and the Default Financial
Obligation System data categories
of Tiresias SA are the following:
| DATA
SOURCES |
CATEGORIES |
| BANKS |
Bounced cheques
(referred to the drawer) |
| Unpaid (at maturity)
bills of exchange |
| Termination of
personal/consumer/housing loans |
| Termination of credit card contracts |
| Termination of
overdraft's contracts |
| Termination of
leasing contracts |
| COURTS
|
Filings for Bankruptcy |
| Conciliation procedures
(art. 99 of Bankruptcy) |
| Adjudicated Bankruptcies |
| -Issued orders
of payment |
| Fillings for dept
adjustment and discharge (L. 3869/2010) |
| Liquidation auction
announcements |
| Forfeitures and
checks of the 2923 Presidential Decree |
| Dept adjustment
judjments (L.3869/2010) |
|
REGISTRIES OF DEEDS/ CADASTRAL OFFICES |
Mortgages and prenotations
of mortgages |
| Conversions of
prenotations to morgages |
| MINISTRY
OF FINANCE |
Administrative
sanctions against tax law violators |
Storage Time for DFO
| Data Categories |
Storage
time |
| Bounced Checks |
2 years |
| Unpaid Bills of Exchange |
| Termination of
credit card contracts and of personal/ consumer/ housing loans
and overdrafts |
2 years |
| Issued orders of
payment |
3 years |
| Liquidation auction announcements |
4 years |
| Confiscations and Seizures
|
4 years |
| Administrative sanctions
against tax legislation violators |
4 years |
| Filings for bankruptcy |
Data are deleted either upon the entry of the information regarding the bankruptcy or 12 months after the cancellation of the relevant discussion. In any case data are deleted upon completion of 5 years from filing.
|
| Settlement Fillings/
Settlement Decisions (article 99, Bancruptcy Code) |
- Settlement
Fillings are deleted from the database 5 years after they
registered in the qualified court.
- Settlement decisions validated from the
court will be kept in the database for 5 years beginning from
the date of their annulment validity duration agreement. In
case of rejection or annulment of the validation of agreement,
all relative data will be kept in database for 5 years beginning
from the promulgation date of the relative agreement decision. |
| Filings for dept
adjustment and discharge (L.3869/2010) |
3 years
|
| Dept
adjustment judgments (L.3869/2010) |
3 years
|
| Bankruptcies |
- 10 years
for data if their works have been continued.
- 15 years in any case from their declaration
date. |
| Conversions of
prenotations to mortgages |
Until they are wiped out |
Storage Time for MPS
| Data
Categories |
Storage
time |
| Mortgages, Prenotations
of Mortgages |
Until they are wiped out |
* For a more detailed review of the rules for exceptions regarding
storage time of bounced checks and/or unpaid bills of exchange follow
the link: http://www.teiresias.gr/teiresias/SOS/index.html
(in greek).
Correction of information takes place if the data stored in the
database is, in a justified manner, inaccurate or incomplete.
| 
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