Hungary channels most undisputed debt through a notary-led fizetési meghagyás payment order rather than the courts, backed by MNB+8% statutory interest.
Hungary's fizetési meghagyás procedure is administered by notaries rather than judges, which makes it faster and more standardized than court-based payment order systems elsewhere in the EU.
Statutory late payment interest is set at the Hungarian National Bank's base rate plus 8%, a meaningfully higher default rate than many EU jurisdictions, which should always be included in the demand and any subsequent claim.
Hungary's Civil Code (Ptk) sets a five-year general limitation period, after which bailiff enforcement (végrehajtás) becomes available once a payment order or judgment is final and unopposed.
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Read the full guideDebt collection Hungary: fizetési meghagyás, 5-year Ptk limitation, MNB+8% interest, notary-led payment orders, bailiff enforcement. Free case review.