Regulatory Alerts2024-08-01
Added · Updated
Resolution on the Approval of the Description of the Procedure for the Issue of a Credit Servicer Licence
The Board of Lietuvos bankas approved the Description of the Procedure for the Issue of a Credit Servicer Licence, regulating the application process and conditions for entities operating under the Republic of Lithuania Law on Credit Servicers and Credit Purchasers. Applicants must submit a specific application form and accompanying documents, including proof of stamp duty payment, governance arrangements, and manager information, to obtain a licence within the statutory time limit. The Bank reserves the right to request additional clarifications, refuse, suspend, or withdraw licences based on legal grounds, and publishes related decisions on its website.
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