Legislation/Regulatory Requirements

Legislation relevant to the regulation of Credit Servicing Firms is listed below. Where the links provided are to www.irishstatutebook.ie, users should note the disclaimer on the Irish Statute Book website. The following list is not exhaustive and is intended to serve as a general guide only.

Consumer Protection (Regulation of Credit Servicing Firms) Act 2018;
Consumer Protection (Regulation of Credit Servicing Firms) Act 2015;
Central Bank Act, 1997;
Authorisation Requirements and Standards;
Central Bank Reform Act, 2010; and
Central Bank Act, 1942.

Consumer Protection Requirements

The following Conduct of Business Rules are applicable to all Credit Servicing Firms:

The Consumer Protection Code 2012;
The Code of Conduct on Mortgage Arrears 2013;
Central Bank (Supervision and Enforcement) Act 2013 (Section 48) (Lending to Small and Medium Sized Enterprises) Regulations 2015;
Central Bank (Supervision and Enforcement) Act 2013 (Section 48) (Lending to Small and Medium Sized Enterprises) Amendment Regulations 2016;
The Minimum Competency Code 2017.

Links

www.irishstatutebook.ie - Online portal for Irish legislation
www.oireachtas.ie - Online portal for the Houses of the Oireachtas