EU Directive 2021/2167 of November 24, 2021, on credit servicers and credit purchasers, provides for a new EU-wide law for purchasers, sellers and servicers of non-performing loans. Pursuant to Article 32 thereof, EU member states need to implement those rules into domestic law no later than by December 29, 2023, and must apply those rules as of December 30, 2023.
