Estonia’s Finantsinspektsioon withdrew Kinnistulaen OÜ’s operating licence as a creditor and mortgage creditor, citing repeated breaches of legislative requirements. The authority pointed to the firm’s failure to respond to supervisory inquiries, the absence of internal audits for years, repeated late submission of annual reports, and an assessment that the company’s head does not have an untarnished business reputation. As a result, Kinnistulaen OÜ may no longer provide services that require a creditor or mortgage creditor licence.
Finantsinspektsioon 2025-03-25
Estonia’s Finantsinspektsioon withdraws Kinnistulaen OÜ’s creditor and mortgage creditor operating licence for repeated legal breaches
Estonia’s Finantsinspektsioon revoked Kinnistulaen OÜ’s operating licence as a creditor and mortgage creditor due to repeated legislative breaches. The firm failed to respond to supervisory inquiries, lacked internal audits, submitted annual reports late, and its head was deemed to lack an untarnished business reputation. Consequently, Kinnistulaen OÜ is prohibited from offering services requiring such licences.