Lender Reporting Form
Any lender that operates within the Territory of Bearland or maintains a physical or legal presence within Bearland is required to report all newly issued loans, payment activity, missed or late payments, loan closures, defaults, modifications or restructurings, and accurate borrower identity information.
Lenders who do not operate within Bearland territory, even if they lend to Bearland citizens, are not required to report activity. These lenders may report to the BCB voluntarily, and reporting is encouraged because it helps establish a more accurate BICO score, it reduces lender risk on future loans, it improves borrower accountability, and it strengthens the financial ecosystem of Bearland, but they are not obligated to do so.