Regulatory Alerts1998-02-02
Law No. 98-4 of February 2, 1998, Concerning Debt Collection Companies
The Tunisian Parliament enacted Law No. 98-4 of February 2, 1998, to regulate debt collection companies as joint-stock entities operating under the Commercial Code. The legislation mandates a minimum paid-up capital of 300,000 dinars, caps debt holdings at five times equity, and establishes a regulatory framework overseen by the Minister of Finance and the Central Bank Governor. It further defines eligibility criteria for directors, outlines debt assignment and collection procedures, and grants the finance minister authority to issue warnings, fines up to 10,000 dinars, or suspend operations for non-compliance.
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