Hungarian Gazette 2025/56
Summary
The decree regulates the suitability requirements applicable to the management bodies of credit servicers dealing with non-performing loans and to the members of such bodies, with the aim of protecting borrowers and strengthening confidence in lending. Credit servicers are obliged to lay down in internal regulations the assessment criteria for members of the management body, and suitability must be reviewed in specified cases — in particular upon commencement of operations, upon appointment, or upon a material change in duties. The regulation does not extend to those credit institutions and financial enterprises that already hold a licence for the granting of credit and cash loans or for the purchase of receivables.
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HUNGARIAN OFFICIAL GAZETTE · Issue No. 56 of 2025
II. Government Decrees
Government Decree No. 99/2025. (V. 14.) on the rules concerning the knowledge and experience required for the performance of credit servicing activities by the management body of credit servicers and the members of the management body
[1] The Government's objective is to ensure adequate protection for borrowers.
[2] In the interest of protecting borrowers and strengthening confidence in lending, the regulation sets out requirements for credit servicers of non-performing loans by reconsidering the commencement and pursuit of credit servicing activities. The regulation — which does not apply to credit institutions or financial enterprises already holding a licence for the granting of credit and cash loans or for the purchase of claims as defined in the Act on Credit Institutions and Financial Enterprises — prescribes that the members of the management of a credit servicer shall, both individually and as a collective body, possess adequate knowledge and experience to enable the credit servicer to conduct its business activities in a competent and responsible manner appropriate to the activities to be performed.…