![Draft Bill on credit servicers and credit purchasers](https://www.cuatrecasas.com/images/cache/publication_detail/resources/anteproyecto-de-ley-de-administradores-y-compradores-de-creditos-imagen-66545ccf9b121707475917.jpg)
Key aspects
- The Bank of Spain is designated as supervisor of the obligations resulting from this regulation, in cooperation with other EU competent authorities.
- The Draft Bill covers non-performing credit rights and agreements, while excluding those that are performing.
- The new regulation will also apply to loans originated by financial credit establishments.
- The Draft Bill applies to credit institutions and financial credit establishments selling credit agreements or performing credit servicing activities.