Collection Agencies and the New Obligation to Obtain a CNB License
scale(8.33333)%22%3E%3CclipPath%20id=%22a%22%3E%3Cpath%20d=%22M0%200h56.693v56.693H0z%22/%3E%3C/clipPath%3E%3Cg%20clip-path=%22url(%23a)%22%3E%3Cpath%20d=%22M28.346.0C12.795.0-.001%2012.796-.001%2028.347s12.796%2028.347%2028.347%2028.347%2028.347-12.796%2028.347-28.347C56.676%2012.803%2043.89.017%2028.346.0m-9.259%2042.735h-6.448V22.3h6.448zM15.7%2019.748h-.046A3.583%203.583.0%200111.8%2016.206c0-2.018%201.558-3.547%203.939-3.547q.156-.014.312-.014a3.6%203.6.0%20013.581%203.555c0%201.98-1.51%203.548-3.934%203.548m29.19%2022.987h-7.312V32.162c0-2.767-1.144-4.657-3.659-4.657a3.7%203.7.0%2000-3.492%202.5%204.7%204.7.0%2000-.157%201.67v11.06h-7.244s.093-18.729.0-20.432h7.244v3.207c.428-1.4%202.743-3.4%206.437-3.4%204.582.0%208.183%202.939%208.183%209.267z%22%20style=%22fill:%238a959b;fill-rule:nonzero%22/%3E%3C/g%3E%3C/g%3E%3C/svg%3E)
%22%3E%3Cpath%20d=%22M12.12%201.176c5.846.0%2010.591%204.615%2010.591%2010.299.0%205.683-4.745%2010.298-10.591%2010.298-5.845.0-10.591-4.615-10.591-10.298.0-5.684%204.746-10.299%2010.591-10.299zM6.331%2017.264H17.91C18.308%2017.264%2018.649%2017.123%2018.932%2016.839%2019.216%2016.556%2019.358%2016.215%2019.358%2015.817V7.132C19.358%206.734%2019.216%206.394%2018.932%206.11%2018.649%205.827%2018.308%205.685%2017.91%205.685H6.331C5.932%205.685%205.592%205.827%205.308%206.11c-.283.284-.425.624-.425%201.022v8.685c0%20.398.142.739000000000001.425%201.022C5.592%2017.123%205.932%2017.264%206.331%2017.264zm0-8.684%205.789%203.618L17.91%208.58v7.237H6.331V8.58zm0-1.448H17.91l-5.79%203.619L6.331%207.132z%22%20style=%22fill:%238a959b%22/%3E%3C/g%3E%3C/svg%3E)
According to the new Act on the Non-Performing Loans Market, collection agencies managing non-performing bank loans will now be required to obtain a license from the Czech National Bank for non-performing loans managers. The deadline for submitting the license application is set for June 29, 2024.
Our law firm Stuchlíková & Partners brings you a summary of this new obligation in a clear infographic. Further information can also be found in one of our previous articles.
Are you unsure whether the obligation to obtain a CNB license applies to you? Contact us at info@stuchlikova.com or call +420 222 767 393. We will be happy to answer your questions.
