HFF´s debt collection process
A late notice is mailed 30 days after a past due date. A late fee of 360 ISK is charged.
Final Notice
A final notice is mailed 135 days after a past
due date. A fee of 6.998 ISK is charged. A final notice must be
received and signed by the debtor.
Enforced Sales Notice
An enforced sales notice is mailed to
the relevant county magistrate 165 days after a past due date, if the
debtor has received and signed the final notice. In the event of a
process server needed to deliver the notice, a request for an enforced
sale is mailed to the county magistrate 15 days from the delivery date.
The
fee for an enforced auction notice is 2.490 ISK. Additionally, the
State collects a minimum fee of 11.300 ISK. The county magistrate
charges a fee for each published auction.
For further information, please contact HFF´s service division at 569 6900 or toll-free at 800 6969.
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