S.L. 645.2 Art. 3Application fee.

(1) An applicant shall, upon submitting an application to the competent authority for authorisation to act as a credit servicer in terms of article 7 of the Act, pay to the competent authority an application fee of thirteen thousand euro (€13,000).

(2) Notwithstanding the provisions of sub-regulation (1), with respect to those applications submitted prior to the coming into force of these regulations and which remain pending upon the coming into force of the said regulations, the applicants shall pay to the competent authority the application fee referred to in the said sub-regulation within one (1) month from the day of the coming into force of these regulations.