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9 January 2024
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New NPL Law In Germany

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New NPL Law in Germany: German Secondary Credit Market Act– Revitalization of the Non-Performing Loans Market and Creating New Market Opportunities?
Germany Finance and Banking

New NPL Law in Germany: German Secondary Credit Market Act– Revitalization of the Non-Performing Loans Market and Creating New Market Opportunities?

On 30 December 2023 the German Secondary Credit Market Promotion Act (Kreditzweitmarktförderungsgesetz) entered into force, which simplifies dealing in non-performing loans ("NPLs") by introducing a new law, the German Secondary Credit Market Act (Kreditzweitmarktgesetz).

The Secondary Credit Market Act transposes EU Directive 2021/2167 on credit servicers and credit acquirers of 24 November 2021 ("Credit Servicer Directive") into German law.

This new law could significantly change the market for NPLs.

Download full report here.

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