The change of a commercial pledge taker shall be applied if the reorganisation of the commercial pledge taker (legal person) has been completed or the company of the commercial pledge taker (community of cases) has transferred to another person.

Documents to be submitted:

• Application - it shall be submitted by filling in the form of the application on the Commercial Pledge e-service site https://komerckila.ur.gov.lv
• Authorisation to sign an application (if the application is signed by an authorised person, the authorisation shall be certified notarially or the authorisation attached to the application shall be accompanied by a secure electronic signature of his or her employer)
• A receipt or a copy thereof, or a printout of an online bank payment, or information on the payment of the State fee

Within 30 days from registration, the new commercial pledge taker shall notify the merchant regarding the registration of the change of the commercial pledge taker, indicating the information specified in Section 7 of the Commercial Pledge Law.