Under applicable regulations, a bank has the right to assign its claim to a third party by entering into an agreement on the assignment of claim (loan). To assign claims no debtor's consent is required but the assignor, i.e. the bank, is obligated to notify the debtor thereof. All ancillary rights, such as right to interest, liens, etc. will be transferred onto the new creditor together with the assigned claim, and the new creditor will have the same rights and obligations as the previous creditor (bank) and it may, among others, try to collect its claim in the manner it deems appropriate, but subject to the obligation of not putting the consumer in a less favourable position than that the consumer had in the bank.
