Consumer Protection (Regulation of Credit Servicing Firms) Act 2015
Amendment of section 57BA of Central Bank Act 1942 (definitions) | ||
7. Section 57BA of the Central Bank Act 1942 is amended in the definition of “eligible consumer”— | ||
(a) in paragraph (c) by inserting “, or” after “provider”, and | ||
(b) by inserting the following after paragraph (c): | ||
“(d) who was, in relation to a credit agreement, a customer of the financial service provider in a case where a credit servicing firm undertakes credit servicing in respect of the credit agreement concerned, | ||
and for the purposes of paragraph (d) ‘credit agreement’, ‘credit servicing firm’ and ‘credit servicing’ have the same meaning as in section 28 of the Central Bank Act 1997 ”. |