Consumer Protection (Regulation of Credit Servicing Firms) Act 2015

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Number 21 of 2015

CONSUMER PROTECTION (REGULATION OF CREDIT SERVICING FIRMS) ACT 2015

CONTENTS

Section

1. Amendment of section 28 of Central Bank Act 1997 (definitions (Part V))

2. Amendment of section 31 of Central Bank Act 1997 (grant and refusal of applications for authorisation)

3. Amendment of section 33A of Central Bank Act 1997 (imposition of conditions or requirements on authorised retail credit firms and home reversion firms)

4. Transitional provision for existing retail credit firms and credit servicing firms

5. Obligation on credit servicing firm and holder of legal title to credit

6. Amendment of section 3 of Central Bank (Supervision and Enforcement) Act 2013 (interpretation)

7. Amendment of section 57BA of Central Bank Act 1942 (definitions)

8. Amendment of section 3 of Consumer Credit Act 1995 (application)

9. Short title and collective citation

Acts Referred to

Central Bank (Amendment) Act 2015 (No. 1)

Central Bank (Supervision and Enforcement) Act 2013 (No. 26)

Central Bank Act 1942 (No. 22)

Central Bank Act 1997 (No. 8)

Central Bank Acts 1942 to 2014

Consumer Credit Act 1995 (No. 24)

National Asset Management Agency Act 2009 (No. 34)

Number 21 of 2015

CONSUMER PROTECTION (REGULATION OF CREDIT SERVICING FIRMS) ACT 2015

An Act to provide for the protection of certain borrowers who are parties to credit agreements in respect of which credit servicing firms undertake certain services and for this purpose to amend the Central Bank Acts 1942 to 2014 and the Consumer Credit Act 1995 and to provide for related matters.

[8 th July, 2015]

Be it enacted by the Oireachtas as follows: