Home Member State
From Open Risk Manual
Revision as of 17:21, 3 June 2022 by Wiki admin (talk | contribs)
Definition
Home Member State is terminology applicable to European Union Law.
In the context of the NPL Directive it means, with respect to a Credit Servicer,
- the Member State in which its registered office is situated or,
- if under its national law it has no registered office, the Member State in which its head office is situated or,
- with respect to a credit purchaser, the Member State in which the credit purchaser or its representative is domiciled, or its registered office is situated or,
- if under its national law it has no registered office, the Member State in which its head office is situated
