The amendment bill modifies credit administrator and credit purchaser regulations aligned with EU Directive 2021/2167, but the update lacks specific details about payment service obligations, making classification uncertain and requiring human review.
Credit purchasers may handle payment flows in debt servicing contexts, but the update focuses on credit administration rather than payment processing or instruments.
Specialism
This update describes a legislative amendment bill to Lithuania's Credit Administrators and Credit Purchasers Law aligned with EU Directive 2021/2167, but lacks specific regulatory substance regarding payment compliance obligations.
The bill may eventually establish supervisory frameworks for credit servicers, but the current update is purely procedural and does not confirm any substantive regulatory changes.
2026-04-07 08:42:50·msolomon@vixio.com
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TITLE: Lithuania's Parliament Registers Amendment Bill to Credit Administrators and Credit Purchasers Law
BODY:
On April 3, 2026, the Lithuanian Parliament (Seimas) registered an amendment bill to the Credit Administrators and Credit Purchasers Law No. XIV-2895 (XVP-1014(2)). The bill was initially registered on November 18, 2025, as XVP-1014 and subsequently re-registered with the updated reference number.
The amendment bill modifies Articles 2, 3, 13, 19, and 23 of the existing law. The Budget and Finance Committee of the Lithuanian Parliament prepared the bill, which aligns with European Union Directive 2021/2167 on credit servicers and credit purchasers. The Lithuanian Parliament's Chancellery is supporting the legislative process.
The bill is currently in registered status within the parliamentary legislative procedure. The amendments address specific provisions governing credit administrators and credit purchasers operating in Lithuania, bringing national legislation into closer alignment with EU requirements. The structural amendments span multiple articles of the existing framework, indicating a comprehensive review of the regulatory provisions applicable to these market participants.
Further parliamentary proceedings, including committee deliberations and plenary debate, will determine the bill's progression through the legislative process. The specific substantive changes introduced by the amendments are contained within the bill's full text documentation.
**Reference:**
Lithuanian Parliament Legislative Database, XVP-1014(2)