Registration of collection companies starts on July 14 – NBU

Photo:mcacollectionagency.com

Registration of collection companies will start in Ukraine on July 14.

The National Bank of Ukraine informs about it, UA reports.

“This is a new legal requirement, and only if the company is present in the Register, it will be able to continue its work. Registration will last until August 13” – the message says.

The National Bank of Ukraine notes that this stage is the first time the market of collection services in Ukraine is being regulated. The deadlines for submitting the necessary documents are quite short.

One can find introductory forms of documents required for registration on the website of the National Bank.

Previously, Volodymyr Zelenskyy signed the law “On Amendments to Certain Laws of Ukraine on Consumer Protection in the Settlement of Overdue Debts”.

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