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ARTICLE · 18 APRIL 2024

Debt Collection Service Providers Regulated As Of 1 April 2024

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On 1 April 2024, the Debt Collection Service Providers Quality Act (Wet kwaliteit incassodienstverlening, Wki) entered into force.

NetherlandsFinance and Banking
Martijn Schoonewille
Martijn Schoonewille
Wendy Pronk
Wendy Pronk
Eva Laan
Eva Laan
Anne Remmers
Anne Remmers
Rosalie Tielens
Rosalie Tielens

On 1 April 2024, the Debt Collection Service Providers Quality Act (Wet kwaliteit incassodienstverlening, Wki) entered into force. The Wki aims to improve the quality of private debt collection service providers. To achieve this, the Wki introduces a number of obligations with which 'debt collection service providers' must comply, including, for instance, a registration obligation and various quality requirements. Due to the broadly formulated scope of the Wki, this is not only relevant for debt collection agencies, but also for various other market players active within the financial sector, such as factoring companies and buyers of credit portfolios. Below, we elaborate further on some aspects of the Wki.

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