This Practice Note outlines the activities which trigger a requirement for authorisation by the Central Bank of Ireland of a firm acting as a credit servicing firm under the domestic regime set out in Part V of the Central Bank Act 1997 (Ireland). It considers the meaning of credit, borrower and hirer within the scope of the domestic credit servicing regime. It sets out the primary exclusions from that regime and examines the consequences of undertaking regulated credit servicing activities without authorisation and possible structural measures to bring credit/hire ownership outside the regulatory ambit.