Bill transposing EU Directive on non-performing loans
- Articles and memoranda
- Posted 10.07.2023
On 24 March 2023, a bill aiming, inter alia, at transposing Directive (EU) 2021/2167 on credit servicers and credit purchasers ("NPL Directive") into Luxembourg law ("Bill") was submitted to the Luxembourg Parliament. The Bill purports to create a legal framework for the transfer of non-performing loan agreements (“NPL”) and a new category of professionals of the financial sector ("PFS"), the credit servicers.
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DIRECTIVE (EU) 2021/2167 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 24 November 2021 on credit servicers and credit purchasers and amending Directives 2008/48/EC and 2014/17/EU
- europa.eu
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PROJET DE LOI relative au transfert de crédits non performants, et portant :
- chd.lu
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EU Directive on non-performing loans: Luxembourg Bill introduces a framework for their transfer and a new PFS category
- Publication
- Articles and memoranda
- Posted 05.05.2023