On Apr. 28, 2026, LTH PRL published Law XV-822 of Apr. 16, 2026, on Amendments to the Law No XI-1253 of the Republic of Lithuania on Consumer Credit.
Document dated Apr. 28, 2026, was received on Jun. 8 due to a fixed feed.
The law includes provisions on restrictions of peer-to-peer lending; exclusions from its scope; credit providers cannot discriminate against any legal EU resident based on nationality, residence, or any grounds of the EU Charter of Fundamental Rights.
Also includes measures on advertising restrictions; mandatory pre-contractual information; and withdrawal.
The law enters into force on Nov. 20, 2026; articles 1 and 2, and part 2 of article 4 are in force on Apr. 29, 2026.
Art 3 of this Law shall not apply to consumer credit agreements concluded before Nov. 19, 2026, except for the provisions of articles 21, 22, 23, 24, 29 of the Law on Consumer Credit set out in article 3 of this Law regarding the provision of information.
They apply to open-ended consumer credit contracts concluded before Nov. 19, 2026.
The requirements set out in article 41(6) of the Law on Consumer Credit set out in Article 3 of this Law shall apply only to managers of consumer credit providers and peer-to-peer lending platform operators appointed after Nov. 20, 2026.
The requirements set out in article 41, paragraphs 1 and 6 of the Law on Consumer Credit set out in article 3 of this Law shall apply only to managers of independent consumer credit intermediaries and consumer credit intermediaries acting on behalf of consumer credit providers appointed after Nov. 20, 2026.
Procedures for the application of enforcement measures initiated but not completed before Nov. 19, 2026 shall be carried out in accordance with the provisions of the Law on Consumer Credit in force before Nov. 19, 2026.
On Nov. 18, LTH PRL registered bill on amendments to Law XI-1253.
LTH PRL registered bill XVP-1013 on amendments to Law XI-1253 on consumer credit.
This bill, and XVP-1014, were prepared to transpose into national law Dir 2023/2225.
Specific details of the reasoning for them is presented in accompanying memorandum.
The amendments impact, mainly, on art 25: Requirements for peer-to-peer lending.
When lender is natural person, total of consumer credits granted and not repaid to one consumer credit recipient on 1 peer-to-peer lending platform may not exceed €1,000.
Compliance with requirement set out in paragraph 1 of this article on a peer-to-peer lending platform must be ensured by operator of that peer-to-peer lending platform.
However, other aspects of the same article are punctually amended e.g. percentage of remuneration paid to operator of peer-to-peer lending platform by the lender and requirement for payment of remuneration.
The bill article 3 includes the new version of the Law XI-1253 on Consumer Credit.
The current draft has no express prospective entry into force date.
Resolution
The bill submission follows Resolution 794 of Nov. 12, by which the LTH GVT approved the bills implementing the mentioned EU legislation and designated representatives before the LTH PRL and in relation to work to be undertaken in the cited institution.
Apr. 2026 Updated Bill
On Apr. 3, 2026, LTH PRL issued bill XVP-1013(2) on Amendments to Law No XI-1253 on Consumer Credit (with new wording); its effectiveness changed to Nov. 20, 2026.
Apr. 8, 2026 Updated Bill
On Apr. 8, 2026, LTH PRL issued updated bill XVP-1013(3) amending Law No XI-1253.
Apr. 28, 2026 Law Published
On Apr. 28, 2026, LTH PRL published Law XV-822 of Apr. 16, 2026, on Amendments to the Law No XI-1253 of the Republic of Lithuania on Consumer Credit.
Document dated Apr. 28, 2026, was received on Jun. 8 due to a fixed feed.
The law includes provisions on restrictions of peer-to-peer lending; exclusions from its scope; credit providers cannot discriminate against any legal EU resident based on nationality, residence, or any grounds of the EU Charter of Fundamental Rights.
Also includes measures on advertising restrictions; mandatory pre-contractual information; and withdrawal.
The law enters into force on Nov. 20, 2026; articles 1 and 2, and part 2 of article 4 are in force on Apr. 29, 2026.
Art 3 of this Law shall not apply to consumer credit agreements concluded before Nov. 19, 2026, except for the provisions of articles 21, 22, 23, 24, 29 of the Law on Consumer Credit set out in article 3 of this Law regarding the provision of information.
They apply to open-ended consumer credit contracts concluded before Nov. 19, 2026.
The requirements set out in article 41(6) of the Law on Consumer Credit set out in Article 3 of this Law shall apply only to managers of consumer credit providers and peer-to-peer lending platform operators appointed after Nov. 20, 2026.
The requirements set out in article 41, paragraphs 1 and 6 of the Law on Consumer Credit set out in article 3 of this Law shall apply only to managers of independent consumer credit intermediaries and consumer credit intermediaries acting on behalf of consumer credit providers appointed after Nov. 20, 2026.
Procedures for the application of enforcement measures initiated but not completed before Nov. 19, 2026 shall be carried out in accordance with the provisions of the Law on Consumer Credit in force before Nov. 19, 2026.
Regulators
LTH PRL
Entity Types
CNSM; Corp
Reference
OG 2026-6936, 4/28/2026; Act XV-822, 4/16/2026; Bill XVP-1013(3), 4/8/2026; Bill XVP-1013(2), 4/3/2026; Bill XVP-1013, Memo, PR, 11/18/2025; Res 794, 11/12/2025; Law XI-1253; Dir 2023/2225
