diff --git a/hibernate-core/src/main/java/org/hibernate/engine/spi/CollectionEntry.java b/hibernate-core/src/main/java/org/hibernate/engine/spi/CollectionEntry.java
index 08279d1e37e6..cd658759b97b 100644
--- a/hibernate-core/src/main/java/org/hibernate/engine/spi/CollectionEntry.java
+++ b/hibernate-core/src/main/java/org/hibernate/engine/spi/CollectionEntry.java
@@ -73,6 +73,7 @@ public CollectionEntry(CollectionPersister persister, PersistentCollection<?> co
 		collection.clearDirty();
 
 		snapshot = persister.isMutable() ? collection.getSnapshot( persister ) : null;
+		role = persister.getRole();
 		collection.setSnapshot( loadedKey, role, snapshot );
 	}
 
diff --git a/hibernate-core/src/test/java/org/hibernate/orm/test/interceptor/CollectionRecreateInterceptorTest.java b/hibernate-core/src/test/java/org/hibernate/orm/test/interceptor/CollectionRecreateInterceptorTest.java
new file mode 100644
index 000000000000..b74df93d83a4
--- /dev/null
+++ b/hibernate-core/src/test/java/org/hibernate/orm/test/interceptor/CollectionRecreateInterceptorTest.java
@@ -0,0 +1,126 @@
+/*
+ * SPDX-License-Identifier: LGPL-2.1-or-later
+ * Copyright Red Hat Inc. and Hibernate Authors
+ */
+package org.hibernate.orm.test.interceptor;
+
+import jakarta.persistence.Entity;
+import jakarta.persistence.FetchType;
+import jakarta.persistence.Id;
+import jakarta.persistence.JoinColumn;
+import jakarta.persistence.JoinTable;
+import jakarta.persistence.ManyToMany;
+import org.hibernate.CallbackException;
+import org.hibernate.Interceptor;
+import org.hibernate.collection.spi.PersistentCollection;
+import org.hibernate.engine.spi.SessionImplementor;
+import org.hibernate.testing.orm.junit.DomainModel;
+import org.hibernate.testing.orm.junit.JiraKey;
+import org.hibernate.testing.orm.junit.SessionFactory;
+import org.hibernate.testing.orm.junit.SessionFactoryScope;
+import org.junit.jupiter.api.BeforeAll;
+import org.junit.jupiter.api.Test;
+
+import java.util.ArrayList;
+import java.util.HashSet;
+import java.util.List;
+import java.util.Set;
+
+import static org.junit.jupiter.api.Assertions.assertNotNull;
+
+@DomainModel(
+		annotatedClasses = {
+				CollectionRecreateInterceptorTest.Employee.class,
+				CollectionRecreateInterceptorTest.Project.class
+		}
+)
+@SessionFactory
+public class CollectionRecreateInterceptorTest {
+
+	@BeforeAll
+	public void setUp(SessionFactoryScope scope) {
+		scope.inTransaction(
+				session -> {
+					Employee employee = new Employee( 1L );
+					Project project = new Project( 1L );
+
+					employee.projects.add( project );
+					project.employees.add( employee );
+
+					session.persist( project );
+					session.persist( employee );
+				}
+		);
+	}
+
+	@Test
+	@JiraKey("HHH-3129")
+	public void testInterceptorNpe(SessionFactoryScope scope) {
+		scope.inTransaction(
+				(SessionImplementor) scope.getSessionFactory().withOptions()
+						.interceptor( new Interceptor() {
+
+							@Override
+							public void onCollectionRecreate(Object collection, Object key) throws CallbackException {
+								Interceptor.super.onCollectionRecreate( collection, key );
+								assertNotNull( ((PersistentCollection<?>) collection).getRole() );
+							}
+
+							@Override
+							public void onCollectionUpdate(Object collection, Object key) throws CallbackException {
+								Interceptor.super.onCollectionUpdate( collection, key );
+								assertNotNull( ((PersistentCollection<?>) collection).getRole() );
+							}
+						} )
+						.openSession(),
+				session -> {
+					Employee employee = session.find( Employee.class, 1L );
+					Project newProject = new Project( 2L );
+
+					newProject.employees.add( employee );
+					employee.projects.add( newProject );
+
+					session.persist( newProject );
+				}
+		);
+	}
+
+	@Entity(name = "Employee")
+	public static class Employee {
+		@Id
+		Long id;
+		String name;
+
+		@ManyToMany(mappedBy = "employees")
+		Set<Project> projects = new HashSet<>();
+
+		public Employee() {
+		}
+
+		public Employee(Long id) {
+			this.id = id;
+		}
+	}
+
+	@Entity(name = "Project")
+	public static class Project {
+		@Id
+		Long id;
+		String name;
+
+		@ManyToMany(fetch = FetchType.LAZY)
+		@JoinTable(
+				name = "employees_to_projects",
+				joinColumns = @JoinColumn(name = "project_id", referencedColumnName = "id"),
+				inverseJoinColumns = @JoinColumn(name = "employee_id")
+		)
+		List<Employee> employees = new ArrayList<>();
+
+		public Project() {
+		}
+
+		public Project(Long id) {
+			this.id = id;
+		}
+	}
+}