Regulatory Alerts2023-01-01
Law on Financial Leasing, Factoring, Purchase of Receivables, Micro-Lending and Credit-Guarantee Operations
The Parliament of Montenegro adopted this law to regulate financial leasing, factoring, purchase of receivables, micro-lending, and credit-guarantee operations. The Central Bank of Montenegro is designated as the competent authority to license financial services providers and supervise their activities. The legislation establishes detailed legal frameworks for financial leasing transactions, defining the rights, obligations, and liabilities of lessors, lessees, and suppliers.
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