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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
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One-time
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Quarterly
Weekly
Check frequency
Annual
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Continuous
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Monthly
One-time
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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
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Executive
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Sustainability
Description (English)
The interest-rate increase must not exceed the rent-related cap limits, cap amount and customary local rent specified in Section 3.
Description (German)
Die Zinserhöhung darf die in § 3 festgelegten mietbezogenen Kappungsgrenzen, den Kappungsbetrag und die ortsübliche Vergleichsmiete nicht überschreiten.
Affected products/services (English)
Dwellings within the meaning of Section 2(3) no. 2, particularly rental dwellings
Affected products/services (German)
Wohnungen im Sinne des § 2 Abs. 3 Nr. 2, insbesondere Mietwohnungen
Checking responsibility (English)
Loan debtor; assertion in accordance with Section 6
Checking responsibility (German)
Darlehnsschuldner; Geltendmachung nach Maßgabe des § 6
Check method (English)
Calculation and comparison of the average monthly rent with the cap limits, cap amount and customary local rent
Check method (German)
Berechnung und Vergleich der monatlichen Durchschnittsmiete mit Kappungsgrenzen, Kappungsbetrag und ortsüblicher Vergleichsmiete
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