+Article 6 1

Article 6 1

1.   Member States shall determine whether credit servicers, when performing credit servicing activities in their territory, are either:

(a)

allowed to receive and hold funds from borrowers in order to transfer those funds to credit purchasers; or

(b)

prohibited from receiving and holding funds from borrowers.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards