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 ”.