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First Interest Rate Increase Regulation for Housing Assistance Loans
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Title (English)
Title (German)
Kind
Approval
Due Diligence
Governance
Other
Record Keeping
Reporting
Stakeholder Engagement
Frequency
Annual
Biennial
Continuous
Event-triggered
Monthly
One-time
Other
Quarterly
Weekly
Check frequency
Annual
Biennial
Continuous
Event-triggered
Monthly
One-time
Other
Quarterly
Weekly
Rule set
Regulation-wide (no rule set)
Loans from housing welfare funds
Loans approved before 1 January 1960
Loans approved from 1960 to 1969
Mixed publicly funded housing subject to state-law rules
Complexity (0–5)
Business functions
Communications
Compliance
Executive
Finance
Human Resources
Legal
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Product
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Sustainability
Description (English)
The loans must, subject to Sections 3 to 5, bear interest at an annual rate of 6 percent.
Description (German)
Die Darlehen sind vorbehaltlich der §§ 3 bis 5 mit einem Zinssatz von 6 Prozent jährlich zu verzinsen.
Affected products/services (English)
Construction loans and annuity loans from housing welfare funds approved after 31 December 1959 and before 1 January 1970
Affected products/services (German)
Baudarlehen und Annuitätsdarlehen aus Wohnungsfürsorgemitteln, die nach dem 31. Dezember 1959 und vor dem 1. Januar 1970 bewilligt wurden
Checking responsibility (English)
Loan debtor and loan-administrating body
Checking responsibility (German)
Darlehnsschuldner und darlehnsverwaltende Stelle
Check method (English)
Review of the approval date and application of the prescribed annual interest rate
Check method (German)
Prüfung des Bewilligungsdatums und Anwendung des vorgeschriebenen jährlichen Zinssatzes
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