Lenders can now report second-stage loans to the register and use the loan data in consumer lending. The reporting will continue until 31 March 2026. Read more in the news article.

The e-service and credit register extracts will include loans granted to business name entrepreneurs for their business activities and loans granted to agricultral and forestry operators.

Starting June 2026, loans are registered as terminated when the borrower dies

12/2/2025

Starting 1 June 2026, lenders must report a loan contract as terminated when the borrower dies. The legislation concerning the register has been amended since it entered into force, and due to the amendments, information about deceased person’s loans can no longer be reported to the register.

We are updating our instructions – lenders will have time to prepare for the change

We will update lenders’ instructions for reporting data, and the new instructions will enter into force on 1 June 2026. In other words, lenders have about six months to prepare for the change and make the necessary system changes.

For now, it has been possible to keep reporting data on a loan contract until the loan terminates in reality. The instructions on reporting data to the Positive credit register state:

  • The loan can be reported as ended if the loan has only one debtor and the debtor passes away.

In the future, we require lenders to register loans to be terminated when the borrower dies. After 1 June 2026, the instructions set out a requirement:

  • The is reported as ended if the loan has only one debtor and the debtor passes away.

Caused by legislative amendment

The reporting of data is based on the Act on the Positive Credit Register. According to the Act, the requirement to report data used to include loans granted to individual persons “who are habitually resident in Finland and who have a Finnish personal identity code at the time they are granted credit.” The wording of “at the time they are granted credit” has been removed subsequently.

In other words, the current formulation of the Act no longer makes it possible to report data on the loan contract of a deceased person, and we cannot receive that data as a controller. The register will also not disclose data on a deceased person’s loans: For example, the shareholders of an estate cannot obtain data from the register on the possible loans of a deceased person.

Read more

  • Instructions for reporting data to the Positive credit register, section 6.6. Reporting the end and transfer of a loan: “Borrower’s death”
Page last updated 12/2/2025