Cabinet of Ministers amendment to the Consumer Credit Regulations No. 691 of 2016

The Cabinet of Ministers has adopted amendments to the Regulations No. 691 “Regulations on Consumer Lending” of October 25, 2016. The amendments were announced in the official publication Latvijas Vēstnesis on September 22, 2026, No. 182, and have been assigned the number Cabinet of Ministers Regulations No. 543. The announcement was published in the “CONSTITUTIONAL INSTITUTIONS” section of the publication under the heading Cabinet of Ministers.

Regulations No. 691 is a regulatory act adopted by the Cabinet of Ministers on October 25, 2016, which determines the rules for consumer lending. Official publication: Latvijas Vēstnesis, September 22, 2026, No. 182, OP 2026/182. The issuing body is the Cabinet of Ministers, and the amendments were promulgated in accordance with the procedure established in the regulatory acts.

Amendment Package in One Issue

Several Cabinet of Ministers decisions related to lending and financial services were published in a single issue of Latvijas Vēstnesis:

• Cabinet of Ministers Regulations No. 543 — amendments to Regulations No. 691 “Regulations on Consumer Lending” of October 25, 2016.
• Cabinet of Ministers Regulations No. 542 — amendments to Regulations No. 772 “Regulations on the Registration of Credit Intermediaries and Representatives of Credit Intermediaries” of December 13, 2016.
• Cabinet of Ministers Regulations No. 550 — amendments to Regulations No. 234 “Regulations on the Biometric Data Processing System” of May 6, 2014.
• Cabinet of Ministers Order No. 556 — regarding the allocation of financial resources from the state budget program “Funds for Unforeseen Circumstances”.

Credit Intermediaries and Biometric Data

Alongside the consumer lending amendments, amendments to Regulations No. 772 on the registration of credit intermediaries and representatives of credit intermediaries were published in the issue (Cabinet of Ministers Regulations No. 542). The same issue also includes amendments to Regulations No. 234 on the biometric data processing system (Cabinet of Ministers Regulations No. 550). Both acts relate to loan issuance and client identification processes, which are directly linked to consumer lending practice.

Where to Find the Official Text

The announcement published in the issue indicates the fact of the amendment, the issuing body, and the official number; the full text of the amendments is available in the publication of Cabinet of Ministers Regulations No. 543. The Cabinet of Ministers meeting minutes No. 53 were also published in the same issue of Latvijas Vēstnesis. Other content blocks of the issue relate to ministry orders, binding regulations of local governments, and official announcements.

What This Means for Borrowers

Regulations No. 691 are the fundamental act regulating consumer lending; therefore, amendments to them affect both the daily practice of credit institutions and consumer rights. The changes apply to all borrowers receiving a consumer loan and to the credit institutions that issue such loans. Since the amendments have been published in the official publication, they are binding and available for public inspection.

The amendments to Regulations No. 691 are part of a unified set of Cabinet of Ministers decisions published on the same day in Latvijas Vēstnesis. They have a direct impact on the consumer lending market, as they determine the procedure by which residents receive loans and how credit institutions issue them. Borrowers and credit institutions must take these changes into account when planning contracts and internal procedures.

Official Source

• Publication: Latvijas Vēstnesis, September 22, 2026, No. 182, OP 2026/182
• Act: Cabinet of Ministers Regulations No. 543 — amendments to the October 25, 2016 Regulations No. 691 “Regulations on Consumer Lending”
• Issuing Body: Cabinet of Ministers
• Related Acts: Cabinet of Ministers Regulations No. 542, Cabinet of Ministers Regulations No. 550, Cabinet of Ministers Order No. 556, Cabinet of Ministers Meeting Minutes No. 53
• Reference: https://www.vestnesis.lv/url/16981?content=1