Law of 15 July 2024 on the transfer of non-performing loans – passage of Bill of law 8185

On 18 July 2024, the Law of 15 July 2024 on the transfer of non-performing loans (the “NPL Law”) was published in Luxembourg’s Official Gazette. 

The NPL Law aims to create a legal framework for the transfer of non-performing loan agreements and a new category of professionals of the financial sector, namely credit servicers.

For more details on the content of the NPL Law, please find here our article on Bill of law No 8185.

For more information about the new law with respect to the GDPR, you can read our related article here.