Under the Private Enforcement Agents Act, each PEA must have at least one special account designated solely for the cash s/he receives from the liquidation of the property of debtors. Raiffeisenbank offers a possibility to open the following special accounts:

• A special account under Article 24(1), first sentence of the LPEA — for the sums received by non-cash means and in cash from the liquidation of a debtors’ property (together with the interest account and a current account to which the monthly fees and expenses for the transactions will be charged)
• An account under Article 24(1), second sentence (interest account) — for capitalizing the interest due by the bank accrued on the funds in the special account under Article 24(1), first sentence of the LPEA
• The account referred to in Article 24(1), third sentence of the LPEA — for fees and expenses payable by the creditors to the private enforcement agent for the benefit of whom the bailiff conducts the enforcement and/or the collection of public debts (together with the current account)
• The account under Article 24(1), third sentence in relation to Article 18 of the LPEA — for the amounts received by the private enforcement agent in connection with the additional activities performed by the latter under Article 18 of the Law on Private Enforcement Agents, due by the creditors to the private enforcement agent for the benefit of whom the private enforcement agent conducts the enforcement and/or the collection of public debts (together with the current account)

The fees and commissions charged to the account are in accordance with the Raiffeisenbank (Bulgaria) EAD Tariff of Fees and Commissions for Legal Entities and Sole Traders and with the additionally agreed terms and conditions.

To open a Special Account of a Private Enforcement Agent under Article 24 of the LPEA with Raiffeisenbank, you must provide the following to the Bank:

• Original of the ID card
• A statement (certificate) from the Register of the Chamber of Private Enforcement Agents

Additional current accounts , must be opened to which commissions and fees will be charged.