(41)Assignment of the creditor's rights under a credit agreement should not have the effect of placing the consumer in a less favourable position. The consumer should also be properly informed when the credit agreement is assigned to a third party. However, where the initial creditor, in agreement with the assignee, continues to service the credit vis-à-vis the consumer, the consumer has no significant interest in being informed of the assignment. Therefore, a requirement at EU level that the consumer be informed of the assignment in such cases would be excessive.
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New version applies from 21/06/2008.
82 provisions change.
Later versions: 05/12/2011, 20/03/2014, 01/01/2018, 26/07/2019, 30/12/2023.
Recital 41 changes in this version: compare with the current text.