Estonian lawmakers have passed a bill creating a comprehensive national loan register. The system will provide lenders with a centralized database of borrowers’ existing debt obligations. This legislation aims to improve risk assessment for lenders across the country. Proponents say the register will enhance transparency in the lending market and potentially reduce over-indebtedness among citizens. The register will encompass all types of loans, offering a complete financial picture of borrowers. Implementation details and a launch date have not yet been announced, but the legislation is now law. The move is expected to impact both banks and non-bank lenders operating in Estonia.