Mortgage Bank Act
| Basic data | |
|---|---|
| Title: | Mortgage Bank Act |
| Abbreviation: | HBG |
| Type: | Federal law |
| Scope: | Federal Republic of Germany |
| Legal matter: | Commercial law , banking law |
| References : | 7628-1 |
| Original version from: | July 13, 1899 ( RGBl. P. 375) |
| Entry into force on: | January 1, 1900 |
| New announcement from: | September 9, 1998 ( BGBl. I p. 2674 ) |
| Last change by: |
Art. 8 G of April 5, 2004 ( Federal Law Gazette I pp. 502, 504 ) |
| Effective date of the last change: |
April 9, 2004 (Art. 13 G of April 5, 2004) |
| Expiry: | July 19, 2005 (Art. 18 No. 5 G of May 22, 2005, Federal Law Gazette I pp. 1373, 1392 ) |
| Please note the note on the applicable legal version. | |
The Hypothekenbankgesetz (HBG) regulates the rights and obligations of the mortgage banks in Germany .
Main purposes of the HBG were:
- Definition of the term mortgage bank
- Definition of the term Pfandbrief
- Cover for Pfandbriefe
- Trustee Regulations
The HBG regulations related primarily to mortgage banks; however, many provisions apply analogously to all banks , such as B. the regulations on the mortgage lending value in § 12 HBG.
The HBG was repealed on July 19, 2005. Its regulations were replaced by those of the Pfandbrief Act (PfandBG), but remained in effect in certain cases within the framework of transitional provisions pursuant to Section 43 , Section 50 (2) of the PfandBG.
See also
Web links
Wikisource: Hypothekenbankgesetz (German Empire, 1899) - Sources and full texts
