On Jul. 10, 2026, LTH CB published Resolution 2026/03-78 of Jul. 9, 2026, amending Resolution No 03-11 of Jan. 30, 2020 on the Approval of the Description of the Procedure for the Transfer of the Rights and Obligations of Creditors under Valid Credit Agreements; the amending resolution enters into force on Nov. 20, 2026.
Changes re term definitions, and extended scope to peer-to-peer lending platforms.
On Feb. 18, LTH CB approved rules to transfer creditor rights.
Approval of procedure for transfer of creditors' rights under current credit agreements.
Overview of New Law
Establishes a procedure for transferring rights and obligations between borrowers under existing consumer credit law and real estate credit law to another creditor.
Applies to consumer credit lenders, real estate lender, peer-to-peer lending platform operators when they transfer their rights and obligations under existing agreements.
Even if creditors are removed from the relevant list of public creditors by the LTH CB.
Once a lender has been removed from the relevant list of public lenders it is obliged to assign the rights and obligations to a new lender and the lender should organize an auction if the loan portfolio was not transferred to the selected lender within 90 days.
Effectiveness
Rules apply to assignments of rights and obligations under existing consumer credit agreements and credit agreements relating to immovable property from Apr. 1, 2020.
This is irrespective of when consumer credit/real estate agreement was entered into.
Jul. 2026 Amending Resolution
On Jul. 10, 2026, LTH CB published Resolution 2026/03-78 of Jul. 9, 2026, amending Resolution No 03-11 of Jan. 30, 2020 on the Approval of the Description of the Procedure for the Transfer of the Rights and Obligations of Creditors under Valid Credit Agreements; the amending resolution enters into force on Nov. 20, 2026.
Changes re term definitions, and extended scope to peer-to-peer lending platforms.
Regulators
LTH CB
Entity Types
Bank; CNSM; MG Orig; MSB
Reference
OG 2026-11792, 7/10/2026; Res 2026/03-78, 7/9/2026; Res 03-11, 1/30/2020; PR 2/18/2020
