Key Benefits:
| Chapter 1 | Scope of application |
| Chapter 2 | RealCredit Loans |
| Chapter 3 | Remission of mortgage credit bonds |
| Chapter 4 | Hidety relations, etc. |
| Chapter 4 a | Especially covered real-mortgage bonds, and especially covered bonds. |
| Chapter 5 | Supervision |
| Chapter 6 | Appeal access |
| Chapter 7 | Penalty provisions |
| Chapter 8 | Entry into force and transitional provisions |
Completion of mortgages and mortgage bonds on mortgage bonds and so on. 1)
This will be known as mortgage credit and mortgage bonds etc., cf. Law Order no. 850 of 25. June 2014, with the changes resulting from paragraph 1, no. Two, in Law No 244 of 19. March, 2014, Section 11 of Law. 1490 of 23. December, 2014, and section 6 of the law. 532 of 29. April 2015.
Chapter 1
Scope of application
§ 1. This law applies to mortgage bonds, in particular covered mortgage bonds, in particular covered bonds and other securities issued by mortgage payments and mortgages which are granted on the basis of such loans. In addition, the law applies to the issuance of mortgage bonds to foreign credit institutions in this country and mortgage loans granted on the basis of such loans.
Paragraph 2. For foreign credit institutions ' operations, cf. paragraph ONE, TWO. PC alone applies to the section § 2-19 and 34-43. However, for foreign credit institutions that are congloment with Danish mortgage credit institutions, section 20 and 21 shall apply.
Chapter 2
RealCredit Loans
mortgages security
§ 2. RealCredit loans shall be granted against the registration of fixed assets in accordance with the rules laid down in this Chapter. Loans without mortgage on solid property may be granted to public authorities or to the self-indebtor guarantee from a public authority referred to in Article 129 (1). ONE, ONE. paragraphs (a) and (b) of Regulation (EC) No 2 of the European Parliament and of the Council. 575/2013 of 26. June 2013 on supervisory requirements for credit institutions and investment firms.
Paragraph 2. Credit loans shall not be granted against collateral in the form of owning letters and indemtees. However, in cases where mortgages are guaranteed for mortgages, the indemnable debtor may be used for the application of the solution.
Paragraph 3. Realmortgmortgmortgmortgmortgmortgmortgmortgmortgage, cf. paragraph ONE, ONE. point, loans where the pantheon has been reported to be reported if the necessary security for the final state of the panthebank and without undue delay is provided by the end of the end of the pawn letter ; this applies only to : loans granted on the basis of specific covered mortgage bonds.
Liars and dragons
§ 3. The maximum duration is 30 years, cf. however, paragraph 1 2. For the duration of the loan and the drainage profile, account shall be taken of the expected value degradation of the pan and the credit limits for the panty in force, cf. § 5.
Paragraph 2. The maximum term is 40 years for loans for public housing, youth housing and private codders, provided that the loan is based on pledges for support under the law of public housing, as well as supporting private cohabitat and other areas.
§ 4. Loans for the whole-year-use and leisure houses may, regardless of their security, be slower than a 30-year loan, which is amortized over the maturity of a service which is a fixed percentage of the main chair ; (annuity loan), cf. however, paragraph 1 2.
Paragraph 2. The requirement of paragraph 1. 1 may be waisted for a period of up to 10 years under the observation of section 3 (3). ONE, TWO. Act.
Locks limits and so on
§ 5. Within a loan limit of 80%. the property value of the property may be granted to the following property categories :
1) Ownerhousing for the whole year.
2) Private cohabiters.
3) Private residential estate, for hire, including recreation housing.
4) Alley housing.
5) Juvenile housing.
6) Elder housing, etc.
7) Property for social, cultural and educational purposes.
Paragraph 2. Within a 70% loan limit. the value of the property may be granted loans to wheeled agricultural and forestry, gardeners and so on.
Paragraph 3. Within a loan limit of 60%. the property value of the property may be granted to the following property categories :
1) Fritidshuse.
2) Office and business end.
3) Industrial and craft service.
4) Collective energy supply facilities.
Paragraph 4. Within a loan limit of 40%. of the property value, loans may be granted to other properties, including unfounded reasons.
§ 6. If the maturity of maturity loans is longer than the maturity of mortgage bonds, in particular covered mortgage bonds, or in particular covered bonds, and are the bonds of fixed interest and have maturity of maturity and maturity months in the case of refinancing of the loan, the mortgage credit institution may only trigger the sale of bonds which will replace the existing debt securities, provided that the real credit institution has a legitimate expectation that the sale may be carried out, without the effective interest rate 5 percentage points higher than the effective interest rate, fixed in connection with the latest refinancing. However, this does not apply where the real credit institution implements a small amount of debt securities in order to clarify whether the effective interest rate will be 5 percentage points higher than the effective interest rate determined in the context of the latest ; refinancing. If a sale cannot be started, cf. 1. and if the current bonds are decrepit, the duration of these bonds shall be extended by 12 months. Upon the expiry of the 12 months following the expiry of the 12 months, new bonds shall be issued to replace it. On this issue, 1. and 2. Act. do not apply.
Paragraph 2. If the maturity of maturity loans is longer than the maturity of mortgage bonds, in particular covered mortgage bonds, or in particular covered bonds, and are the bonds fixed and has a duration of 12 and up to and with 24 months at the refinancing of the loan, the mortgage credit institution may only trigger the sale of bonds which will replace the existing debt securities, provided that the real credit institution has a legitimate expectation of the sale of the sale of the sale of the sale of the accounts ; be carried out without the effective interest rate to be 5 percentage points higher than the effective ; interest on a similar bond with the same residue between 11 and 14 months earlier. However, this does not apply where the real credit institution implements a small amount of debt securities in order to clarify whether the effective interest rate will be 5 percentage points higher than the effective interest rate on a similar bond with the same remaining duration ; from 11 to 14 months earlier. If a sale cannot be started, cf. 1. and if the current bonds are decrepit, the duration of these bonds shall be extended by 12 months. Upon the expiry of the 12 months following the expiry of the 12 months, new bonds shall be issued to replace it. On this issue, 1. and 2. Act. do not apply.
Paragraph 3. Is the maturity of a mortgage longer than the maturity of mortgage bonds, in particular covered mortgage bonds, or in particular covered bonds, and are the underlying debt securities variable and has a residual maturity ; in the case of up to 24 months, the first time they are used to finance a mortgage payment, the interest rate of interest rates may not be more than 5 percentage points higher than the last fixed rate and shall remain unchanged for 12 months ; or until the next refinancing, if this is carried out within 12 months, unless : a lower rate of interest shall be fixed within the 12 months or before the next refinancing.
Paragraph 4. For bonds covered by paragraph 1. 3. The mortgage credit institution may only trigger the sale of debt securities which will replace the existing debt securities, provided that the real credit institution has a legitimate expectation that the sale may be carried out without the interest rate 5 ; percentage points higher than the last determined interest rate. However, this does not apply where the real credit institution implements a small amount of debt securities in order to clarify whether the interest rate will be 5 percentage points higher than the last fixed rate. If a sale cannot be started, cf. 1. and the current bonds are decrepit, the duration of these bonds is extended by 12 months. Upon the expiry of the 12 months following the expiry of the 12 months, new bonds shall be issued to replace it. On this issue, 1. and 2. Act. do not apply.
Paragraph 5. If the maturity of a mortgage is longer than the maturity of mortgage bonds, in particular covered mortgage bonds, or in particular covered bonds, it shall be valid for the debt securities which are to be replaced by new or other bonds in order to refinance the loan, that if there are no takers for all the new bonds necessary, the duration of the debt securities in question shall be extended by 12 months at a time until refinancing can be carried out, where there are takers ; to all the new bonds necessary. In the case of expiry of the 12 months following the expiry of the 12 months, new bonds shall be issued to replace it. For this purpose, paragraph shall be granted. 1, 2 and 4 shall not apply.
Paragraph 6. Notwithstanding paragraph 1 5 may, at the absence of a refinancing of loans, where the underlying debt securities have a maturity of more than 12 months in the refinancing of the loan, a refinancing of loans with debt securities with a shorter duration prior to the extension of the loan ; paragraph 5.
Paragraph 7. The interest on debt securities which are fixed and which has maturity of up to 12 months in the refinancing of the loan and shall be extended in accordance with paragraph 1. A 1 or 5 shall be determined for the effective interest rate determined in the context of the last refinancing added 5 percentage points. The interest shall be fixed for the first time when the duration of the debt securities is extended. For further extensions of the duration in accordance with paragraph 1. 5 shall find the interest rate fixed in accordance with 1. Act. continued use.
Paragraph 8. The interest of debt securities which are fixed and which has maturity in the range of 12 to 24 months in the refinancing of the loan and is extended in accordance with paragraph 1. 3 or 5 shall be set at the effective interest rate of a similar bond with the same remaining duration 11 to 14 months previously for 5 percentage points. The interest on debt securities which are fixed and which has a maturity of more than 24 months in the refinancing of the loan and is extended in accordance with paragraph 1. 5 shall be set at the effective interest rate of an 11-14 month ' s remaining duration, for a period of 11 to 14 months previously for five percentage points. The interest shall be determined for the first time on the debt debt securities to be extended. For further extensions of the duration in accordance with paragraph 1. 5 shall find the interest rate fixed in accordance with 1. or 2. Act. continued use.
Niner. 9. The interest on bonds that are variable and extended in accordance with paragraph 1. 4 or 5 shall be fixed at the latest fixed by a rate of five percentage points. The fixed interest rate after 1. Act. shall remain unchanged for the 12 months of the extension of the extension. The interest shall be determined for the first time on the debt debt securities to be extended. For further extensions of the duration in accordance with paragraph 1. 5 shall find the interest rate fixed in accordance with 1. Act. continued use.
Paragraph 10. If the maturity of a mortgage is longer than the maturity of mortgage bonds, in particular covered mortgage bonds or in particular covered bonds and the underlying debt securities are variable or fixed, the debt securities must be variable or fixed ; the interest paid by the borrower in such situations where the duration of the debt securities is extended in accordance with paragraph 1. Paraguations 1, 2, 4 and 5 shall be based on the interest rate fixed in accordance with paragraph 1. 7-9.
Paragraph 11. Extension pursuant to paragraph 1. The borrowers of 1, 2, 4 and 5 shall not take away the right of borrowing of the mortgage credit institution to make full or partial release of loans granted on the basis of the granting of mortgage bonds, in particular covered mortgage bonds or in particular covered bonds.
Nock. 12. Paragraph 1-5 shall not apply to mortgage credit loans granted to the mortgage on solid property located outside Denmark.
Paragraph 13. The Minister for the Industry and Growth Pact lays down detailed rules for the extension of bonds covered by paragraph 1. 1-4 and section 32 and on the organization of bond sales and the exemption in connection with this.
§ 7. Loans may, however, be granted in addition to the credit limit for the inward of both mortgages and mortgages in the form of a loan. Loans after 1. Act. be measured with a maximum of cash equivalent to the amount of the deposit and the cost of the refund and the granting of loans.
Paragraph 2. Loans may only be granted in accordance with paragraph 1. 1, where the safety of the pan-security is not significantly degraded.
Paragraph 3. Paragraph 1 shall apply mutatis mutable to mortgage credit in another institution, where the valuation for the purposes of the measurement of the original loan has been carried out on the basis of approved purchase sums under the rule of public housing ; Private co-housing and so on, the law on housing, or the law on housing for the elderly and persons with disabilities.
Paragraph 4. For loans granted for the depositing of loans in certain non-profit housing projects, cf. law on the reprioritizing, and so on, of the reprioritising of the housing department and so on, unable to pay, due mortgage payments to be included on the basis of the loan-based measurement basis.
Payment against warranty, etc.
§ 8. Where the conditions for the payment of the loan are otherwise fulfilled, loans may be granted even though the pawn letter has been stapled with prejudice to the preconditions of prejudice, provided that security is provided to ensure that they are deleted.
Paragraph 2. Where the conditions for the payment of the loan are otherwise fulfilled, a loan may be granted without a registered pantheon, provided that the safety of the registered pantheon letter is lodged with the security of the registered pastry.
Paragraph 3. Where the conditions for the payment of the loan are otherwise fulfilled, loans may be granted, even though borrowers have not registered the property, provided that security is provided to ensure that the borrower is finally given access to the property.
Paragraph 4. Where the conditions for the payment of loans are, moreover, fulfilled, loans may be granted without it in section 11 (1). The document referred to in paragraph 3 shall be the subject of a document, provided that such a document is lodged.
Paragraph 5. Loans may be granted on the basis of the anticipated value of the property in the event of a guarantee that the loan will be lodged or reduced if the loan is not due to the end of the time limit for the construction of the building ; completion could have been granted with the amount granted.
Paragraph 6. To the extent a loan has been issued on the basis of specially covered mortgage bonds and in particular covered bonds, the payment of the loan may be disbursed before final lighting, cf. paragraph 1-5, if security is provided for in accordance with Article 129 (1). ONE, ONE. paragraphs (a) to (c) and (3). in the European Parliament and of the Council Regulation (EC) No 2, 575/2013 of 26. June 2013 on supervisory requirements for credit institutions and investment firms. Where the guarantee is lodged in the form of a guarantee from a financial institution, the guarantee will be covered by the 15-percentage limit or 10 percentage limit resulting from Article 129 (1). ONE, ONE. paragraph (c) and (3). in the European Parliament and of the Council Regulation (EC) No 2, 575/2013 of 26. June 2013 relating to regulatory requirements for credit institutions and investment firms, unless the guarantee is lodged in the case of loans where the pantheon has been reported and the security of the panthebank ' s final guarantee has been lodged ; the lighting and the institute without undue delay shall provide a definitive amount of pawn, but the guarantee shall be included in the 15 percentage limit if it is ordered in accordance with paragraph 1. 3, 4 or 5.
Paragraph 7. The SEC may lay down rules for the granting of loans and so on in accordance with paragraph 1. 1-6.
Paragraph 8. The financial supervision may be dispensers from the requirement referred to in paragraph 1. SIX, THREE. ptangle that guarantees, which are ordered under paragraph 1. 3, shall be included in the 15% limit.
§ 9. In the security base for a credit institution ' s obligations, mortgages may be mortgaged to housing and in-assisted housing financed with mortgages with state benefits which are being priorititiated in accordance with the law of certain non-profit the priority of housing distribution and so on, and pawn letters for inconvertable loans taken by the Financial Authority pursuant to the Act on the mitigation of deposits of inconverted mortgage credit loans and so on, shall be replaced by a similar claim ; Treasury. The proclamations may, in whole or in part, be extracted from the deposits of the state credit institution to the mortgages corresponding to the mortgage corresponding to mortgage bonds.
Paragraph 2. Contains of rights over debt securities whose safety grounds are subject to and as amended by paragraph 1. 1, may not require the debt securities to be released or otherwise make claims applicable to the real credit institution ;
valuation of property and the metering of mortgage credit
§ 10. The credit institution must employ a cash value of the property for use of the loan measurement.
Paragraph 2. The value must be within the estimated amount of the property to be traded on the value employment date of an independent transaction between an interested buyer and an interested party in normal market terms, where each of us has acted upon a well-informed basis, with prudence and without obligation (market value). Concrete claims must not be included in the valuation of values.
Paragraph 3. The general credit institution shall take account of any possible risk of changes in market or structural conditions.
Paragraph 4. The general credit institution may derogate from paragraph 1. 2 and 3 in the following cases :
1) The acquisition of goods and character restock shall be added to the valuation of estates for social, cultural and educational purposes, where this is reasonable, taking into account the operational performance of the property, alternative ; conditions of use and market conditions ; However, the acquisition sum may not be added to property driven by business principles.
2) The acquisition of the amount of the restock of the fraction and character can be added to the valuation of industry and craft service and collective energy supply facilities, where this is justifiable taking account of the creditworthiness of borrowers and from the the earning capacity of the displaced persons. The precondition for this is that the property owner or company connected with the owner spends more than half the property.
§ 11. Loans may be granted on the basis of real estate owned by borrowers. As debtors, as debtors, as debtors, as debtors, as debtors, as debtors, as debtor, shall be however, paragraph 1 Two and three.
Paragraph 2. The provision in paragraph 1 shall be ONE, TWO. provisions may be waived if the loan is granted under particular legislation in the field of the soil.
Paragraph 3. Loans may be granted on the basis of an ideal part of a real estate, provided there is a tingle document which assigns a tingle of rights to the other than the other. Each Addente to the ideal part of the debtor shall be denoted to the debtor.
Paragraph 4. In addition to property and buildings, buildings can be built in, cf. the section 38 of the act as well as the section 37 (5) of the paragraph of the piece of information. 1, the accessories which are subject to the possession of a pawn in the property shall be included in the valuation of the property.
Paragraph 5. On the valuation of the property, no matter where paragraph is, 4 is included in the property hearing accessories which are not covered by the pawn of possession in the real estate, cf. section 37 and 38 of the matter provided that sole reason is that the accessories are owned by a person other than the owner of the property owner and, where the loan in the fixed property is ensured, in this accessories under the Clause Section 47, or Section 47 (b) (b) 2.
Paragraph 6. The property loan for estates other than collective energy supply facilities can only be granted on the basis of the value of property and buildings, as well as building-flax, cf. The paragraph 38 of this thing.
§ 12. The SEC provides detailed rules for valuation.
Paragraph 2. The SEC may lay down restrictions on access to accessories as referred to in section 11 (1). 4.
Paragraph 3. The SEC may lay down rules on access to derogating from Article 10 (1). 2 and 3, when mortgages are owned by public authority and by lending to full public guarantee.
§ 13. The loan is measured in such a way as to cover the amount of the cash provided for in section 5 to 7 for the relevant property category.
Paragraph 2. The SEC lays down rules on loan readings.
§ 14. The SEC shall lay down rules on which properties belong to the individual property categories, and on the introduction of loans, if the property is transferred to another property category.
Paragraph 2. If a property consists of several property categories, valuation and loan measurement must be carried out separately for the individual property categories, cf. however, paragraph 1 3.
Paragraph 3. If a property category is at least 80%. of the property overall gross eFloor area, the entire property may be mortgated according to the rules of this property category.
Retaking of loan funds
§ 15. Realcredit institutions may make loans necessary to meet the obligation to provide additional security, cf. Section 33 d (d) 1, or increase the cover in a series or groups of series with seriereservefund.
Paragraph 2. The loan agreement must indicate which series or group of series of series of series of reserves by means of a supply of loans by means of which are to be taken into account.
Paragraph 3. Loans recorded in accordance with paragraph 1. 1 shall be placed in the stock-types referred to in Article 129 (1). ONE, ONE. paragraphs (a), (a), and 3. in the European Parliament and of the Council Regulation (EC) No 2, 575/2013 of 26. June 2013 on supervisory requirements for credit institutions and investment firms. The assets shall be placed on a separate account at the time when the loan is recorded, in a separate depot, or in any other way, in the case of the loan concerned. Where assets are used as additional security or cover, they shall be included in the series or group of series of series with the seriervevefund.
§ 15 a. If debt securities are prolonged or modified, as a result of refinancing, it is established that there are no takers for all the new bonds required, cf. Section 6, the maturity of the loan concerned as additional security pursuant to section 15, which is prescribed for the extension period and associated with the debt securities being extended or changed, is extended or altered corresponding to the maturity of the relevant debt securities ; Extended or modified bonds.
Paragraph 2. If the Foundation records or has accepted new loans for the full or partial replacement for the items listed in paragraph 1. The loan referred to in paragraph 1 may be that : However, a total or partial deposit of the said loan is, in whole or in part, for ordinary fall
RealCredit loans outside Denmark
§ 16. The financial supervision may allow the provisions of the law to be deviated from borrowing on the Faroe Islands and in Greenland, to the extent to which it is attributed to the special conditions in these parts of the country.
§ 17. For loans outside Denmark, the Faroe Islands and Greenland are not applicable, section 4 does not apply.
Paragraph 2. The SEC may dispensers from Section 2 (2). TWO, ONE. pkt;, on loan outside Denmark, the Faroe Islands and Greenland. In specific cases, the Financial Regulation may also dispose from the rules for maximum maturity in section 3.
Paragraph 3. The SEC may lay down lower loans than the loans referred to in section 5 of a mortgage lending outside Denmark, the Faeroe Islands and Greenland.
Paragraph 4. Realders can outside Denmark, the Faroe Islands and Greenland lend loans beyond the loan limits to the self-debtor guarantee from a public authority, credit institution, or insurance company. However, where the guarantee has been lodged by a credit institution or an insurance company, the loan may be granted only on the basis of the issue of securities other than mortgage bonds.
Chapter 3
Remission of mortgage credit bonds
Ended
§ 18. Reallending institutions with permission here in the country have the sole right to issue mortgage bonds in this country.
Paragraph 2. Notwithstanding paragraph 1 A foreign credit institution may issue mortgage bonds in this country if the institution is able to conduct business as a credit institution in this country, in accordance with the law of financial activities, in this country, and meets the following conditions :
1) The bulk of the Foundation ' s activities shall be loans from the mortgage on solid property on the basis of the issuance of bonds or other securities. If the Institute is affiliates with a Danish mortgage credit institution, the Foundation shall also comply with the business area of Danish mortgage institutions in the law of financial activities.
2) The institution's lending and debt securities must be regulated by a balance principle. In the case of the Institute, the institution shall also comply with sections 20 and 21.
3) Realcreditobonds issued by the Institute in this country must, in accordance with the legislation of the home Member State, grant the holder the same legal position as the holders of mortgage bonds in accordance with section 27.
Obligation and balancing principle
§ 19. Realcreditobonds issued before 1. July 2007 must be a negotiable mass debt correspondence engaged in trade in regulated markets in countries of the European Union or countries that the Union has signed up to in the financial area or similar markets in other countries.
20. Funds obtained by issuing mortgage bonds or in particular covered mortgage bonds or other securities may only be used for lending against mortgages or loans to public authority or to the self-indebted guarantee from a public authority, cf. however, paragraph 1 Two and three. However, additional security may be provided for in particular covered real credit bonds in accordance with section 33 d (1). 1.
Paragraph 2. The Financial supervision may lay down rules that a limited amount of money may be used for anything other than the mortgage on immovable property.
Paragraph 3. The financial supervision may allow the granting of mortgage bonds and other securities to be issued in a mortgage credit institution to finance mortgage credit in another mortgage credit institution.
§ 21. The SEC shall lay down detailed rules on the restriction of risks related to the issue of mortgage bonds, in particular covered mortgage bonds, in particular covered bonds and other securities, including the interest-rate risks, valutarisici, and recovery risks.
Chapter 4
Hidety relations, etc.
§ 22. The granting of mortgages and the issuance of mortgage bonds and other securities to finance it may take place in a series. Repayment of mortgage bonds and other securities cannot be in the same series.
Paragraph 2. The conditions governing a series may be determined that the proprietor of mortgage bonds or other securities alone may correct their requirements against the series or series that shall be severally associated with that, cf. section 24 (2). 4
-23. For the loan, the borrowers, both with the pawned and personal face of the series, respectively, respectively, shall be the subject of the mortgage-lending institution.
Paragraph 2. Moreover, for the commitments entered into by the mortgage and credit institution, the borrowers shall not be liable.
§ 24. It may in the terms of a series set out that the borrowers, in addition to the loan, shall be jointly severed with the series corresponding to a specified share of the panthewidth principal, with deduction of a proportionate share of the resources of the series fund. The Låntas are not personally liable for this amount.
Paragraph 2. A series or group of series with seriereservefund can absorbed hybrid core capital and responsible pawn capital. The solidarity provided for in paragraph 1. Paragraph 1 may not be applied to the lender to cover requirements from the use of hybrid core capital and responsible loan capital. For series of remittance obligations, opened before the 1. 1. 1973. Act. do not apply.
Paragraph 3. A series of series or series of series of series with a series of reserves shall not be liable for the commitments entered into by the mortgage-lending institution.
Paragraph 4. In the terms of a series, the series will be determined that the series shall be liable for the obligations of other serial numbers. Such a condition may be fixed only if these other comics contain similar conditions. In a series, like one after one. Act. where there is reciprocal liability, a mortgage bond may be granted only, cf. Section 22 (2). ONE, TWO. Act.
§ 25. in the case of a series in which the borrowers shall show solidarity or where provision has been made in accordance with section 22 (2). 2, the real credit institution shall set up a serierian fund. For other series or series of series, the institute may select to create a seriereservefund.
Paragraph 2. It may be determined in the statutes or borrowing terms that the lenders of the loan are required to be paid a share of the Serial Fund.
Paragraph 3. The income of the show is comprised of interest and comparative letters, deposits, contributions, fee and similar income, and the return of the series ' s assets and non-balance sheet items. The cost of the show is made up of interest and similar securities and other securities, payments of reserve stock units, administrative expenses and similar costs incurred by recording and initiating hybrid core capital and responsible ; loan capital, losses and provisions for the likely loss of the series ' s assets and non-balance sheet items as well as the proportion of the tax of the mortgage credit institution.
SECTION 26. The funds for the fund must be kept separate from other funds in the real credit institution.
Paragraph 2. The transfer of funds to a series or group of series of series of series with a series of series of reserves from the real credit institution shall also be carried out where necessary to satisfy the solvency requirement of the series or series of series, unless such a transfer, shall mean that the real credit institution will no longer be able to comply with the solvency requirement.
Paragraph 3. The credit institution may stipulate that funds from a series or group of series of series of series of series with the real-world credit institutions may be transferred if the serial fund is or is greater than required.
Paragraph 4. Financial instruments must be included as assets or liabilities in a series or series of series of series with a series of series reserves if they are used to uncover the risks between assets relating to on the one hand, and on the other hand they issued ; mortgage bonds, in particular covered mortgage bonds, and in particular covered debt securities, provided that in the agreement on the financial instrument, the redesign of the real credit institution is determined, bankrupt or non-compliance with the obligation to provide additional security after paragraph 33 d (1), 1 is not default.
Paragraph 5. The SEC provides detailed rules for the series.
§ 27. Where a real credit institution is bankrupted, the resources of the series shall be used after deduction of the costs of the treatment and the like, including the training of the curator, personnel, etc., to the payment of claims from holders of mortgage bonds, in particular covered mortgage bonds, in particular covered bonds and other securities in the series or group of series with series reserves and claims on the expiry of the claims by the bankruptcy decree on the claims referred to. They shall then be covered in section 25 (3). The debts referred to in Article 15 shall be covered by the debt set out in the mortgage credit institution. Overshooting agents are then included in the bankruptcy case, cf. bankruptcy slop. Section 32.
Paragraph 2. Where a real credit institution is bankrupted, funds shall be used after deduction of the costs of the proceedings for the treatment and the like, including the curator, staff, etc., in the institute, in the case of payment of the requirements of holders of mortgage bonds and other securities that have not been issued in series with serial reserves, and the claims of the decrees of the bankruptcy decree on expired amounts receivable. Funds that are used after 1. pkta, however, may not exceed the amount of the mortgage bonds and other securities corresponding to the mortgages and an amount equal to 8%. of the risk-weighted value of the pan-width. Overshooting agents are then included in the bankruptcy case, cf. bankruptcy slop. Section 32.
Paragraph 3. Where a real credit institution is bankrupted, the counterparty of the financial instruments has been concluded to cover risks in a series or group of real-credit bonds, in particular covered mortgage bonds, or in particular covered bonds, cf. Section 26 (1). 4, bankruptcy court with the proprietors of mortgage bonds, in particular covered mortgage bonds, or in particular covered bonds in the series or group of series, cf. paragraph ONE, ONE. pkt., and sections 31 and 32.
§ 27 a. The holders of debt securities which have lost the description in particular covered mortgage bonds, or in particular covered debt securities, cf. Section 33 d (d) 2, and counterparts on the financial instruments maintain the legal status of bankruptcy which is granted to holders of special covered mortgage bonds, in particular covered bonds and financial counterparts. Similarly, the coverage of debts referred to in section 15 (3) shall apply to debt. 1.
Paragraph 2. The provisions of section 27 b and 28-33 shall apply mutatis mutilated to debt securities which have lost the description of the mortgage bonds in particular, or in particular covered bonds, and financial instruments.
§ 27 b. Provenu from loans to which mortgage credit institutions have entered Section 15 (1) of the Community ' s credit institution. 1 and which do not form part of a series or group of series, in the case of the bankruptcy of the mortgage credit institution, the proprietor of mortgage bonds, in particular covered debt securities or in particular covered mortgage bonds, shall be used ; the counterparts of the financial instruments of the series or group of series to which the loan is taken. Any surplus funds must be paid out to the lender.
§ 28. The termination of bankruptcy law on a mortgage credit institution may not be of the holders of mortgage bonds, in particular covered mortgage bonds, in particular covered bonds and other securities or lenders of section 15 (5). 1, shall apply as the cause of early payment obligations and shall not deduction the right of borrowers of the mortgage credit institution to make a total or partial deposit of mortgages or loans granted on the basis of the issue of special credit. covered real-credits bonds or in particular covered bonds in accordance with the loans in particular in respect of the loan, in particular.
Paragraph 2. If a mortgage credit institution shall not be subject to any additional security after paragraph 33 d (d), 1, this cannot, by means of holders of special covered mortgage bonds, or in particular covered debt securities or lenders, in accordance with section 15 (3). 1, shall apply as a cause of early payment of payment obligations.
§ 29. The estate estate may not provide for the fulfilment of claims from the holders of mortgage bonds, in particular covered mortgage bonds, in particular covered bonds and other securities at an earlier date than the real credit institution ; entitled to free itself on the admission of the grant.
Paragraph 2. The liquidate estate may not terminate any loan agreements secured by means of a flat-rate mortgage-proof leff; other than the mortgage credit institution.
Paragraph 3. The liquids may only change contributions and the parable if the change is justified in the light of the market conditions and, at the same time, a need for additional funds for the administration of the estate. Any changes must be notified in writing within three months before they are to enter into force.
-$30. The receipt from a creditor as referred to in Section 42 of the bankruptcy law may not take place for the fulfilment of a claim which is due to the mortgage credit institution.
§ 31. The exchange rate shall be used for the payment of requirements in accordance with the rules laid down in Chapter 10 of the bankruptcy law. Requirements from the proprietor of mortgage bonds, in particular covered mortgage bonds, in particular covered debt securities, refinancing bonds and other securities and requirements from the decree of bankruptcy for the claimed debts shall be paid in equal conditions, in accordance with the requirements of Article 96 of the bankruptcy slots, but before the claims in the bankruptcy of the bankruptcy slots section 97.
§ 32. In the case of reconstruction work, the mortgage credit institution shall continue as far as possible to meet its payment obligations in accordance with requirements from the holders of mortgage bonds, in particular covered mortgage bonds, in particular covered bonds and other securities at due time, unless the constructor decides otherwise. With the consent of the reconstructor, real credit institutions may conclude contracts for financial instruments, to accept loans for payments in 1. Act. and to provide security for such loans in assets other than mortgage mortgages, which are security of bonds, associated with the series of serial funds, for which payment is made. In addition to the recovery of bonds that expire, the reconstructor may also issue refinancing bonds in the series in question.
Paragraph 2. In the event of bankruptcy, the curator shall, as far as possible, continue or resume the honors of the obligations of the mortgage credit institution in the form of interest and return on the holders of mortgage bonds, in particular covered mortgage bonds, Special covered bonds and other securities. In the non-sufficient amount of money, interest shall be paid before the withdrawal is carried out. The courier can conclude agreements on financial instruments, to accept loans for payments in 1. Act. and to provide security for such loans in assets other than mortgage mortgages, which are security of bonds, associated with the series of serial funds, for which payment is made. In addition to the provision of bonds that expire, the courier shall also issue refinancing bonds to compensate for expired bonds in the series in question.
Paragraph 3. Refinancing bonds shall obtain equivalent security as the mortgage bonds, in particular covered bonds, in particular covered mortgage bonds, or any refinancing bonds, which the refinancing will replace, cf. ~ ~ 27, 27 a and 27 b. ~
Paragraph 4. The constructor or curator may not issue refinancing bonds if, after the issue, it is not possible to be sufficient to provide funds for the payment of creditors as specified in section 27 (3). ONE, ONE. pkt., as well as requirements from counterparts on financial instruments, cf. § 27, paragraph. 3, in the series or groups with the serieresserver foundation.
Paragraph 5. Rebuild the constructor or curator loans other than refinancing bonds for use in order to meet payment obligations in accordance with requirements from the holders of mortgage bonds, in particular covered mortgage bonds and in particular covered debt securities or debt securities issued in series or groups of series with a series of serial reserves shall be capable of reconstructor or courier as the basis for the borrower notwithstanding paragraph 1. 1 and 2 provide security in the next mortgage payment from the borrowers on mortgage mortgings.
Paragraph 6. If the reconstructor or curator must not issue a refinancing bond, cf. paragraph 4, or if there is not enough detakers to all the necessary new bonds, the period of maturity shall be extended by the relevant debt securities by one year at a time. The constructor or curator shall fix the interest rate on the extended bonds of a variable reference rate added up to 5 percentage points.
Paragraph 7. If debt securities are extended due to the fact that it is established in connection with refinancing, it is established that there is not enough takers for all the new bonds required, cf. paragraph 6, the maturity of loans taken as additional security pursuant to section 15, which is prescribed in the extension, and associated with the debt securities being extended, shall be extended to the maturity of the extended debt securities concerned.
§ 32 a. There can be no transfer of funds between series with the seriervee fund and the real credit institution, by the way, after initiation of redesign or decree.
§ 33. The liquidator or the real credit institution may, with the consent of the constructor, conclude an agreement on the overall transfer of a series or groups of series of series with a series of reserves to another realm of credit which has been authorised in a country within the said area ; European Union or a country with which the Union has entered into agreement in the financial area and which has permission to issue mortgage bonds, in particular covered bonds, or in particular covered mortgage bonds.
Paragraph 2. The transfer of a series or groups of series of series with a series of serial reserves requires the consent of the business and growth minister to be authorised to do so. The application for a transfer shall be accompanied by the contractual basis between the real credit institution, which is under redesign or insolvency proceedings, and the company that wishes to acquire the series or series of the serieressvefund. In addition to the actual contract base itself, the business and growth Minister must assess the company, which will take over the series or groups of series with the series of reserves, including, in particular, whether the company complies with the financial regulation.
Paragraph 3. In the absence of the business and growth minister, on the basis of the current basis, the transfer should not be approved, the SEC shall publish a statement on the proposed transfer in Statewide and in national newspapers. The statement shall make an appeal to the holders concerned to be concerned before a time limit laid down by the Financial supervision which shall not be less than one month, in writing to notify the Financial supervision of the Financial Authority if they have objections to the transfer.
Paragraph 4. After the end of the item in paragraph 1. The period referred to in paragraph 3 shall take into account the decision of the acquiring and growth minister, taking into account the objections raised by the decision on whether the series or groups of series of series with the seriervevefund may be transferred in accordance with the proposed proposal.
Paragraph 5. The transfer may not be invoked by holders of debt securities issued by the giving mortgage credit institution, which is the cause of early payment of payment obligations. In addition, the transfer shall not deduct the transferee ' s transferee ' s right to make a complete or partial deposit of mortgages in accordance with the specific conditions of introduction applicable to the loan.
Chapter 4 a
Especially covered real-mortgage bonds, and especially covered bonds.
§ 33 a. Realcredit institutions can finance loans, cf. Section 2 (2). 1 and 3, by issuing special reference to mortgage bonds, if the institution has a permit in accordance with section 16 (a) (a). 1, in the law of financial activities.
Paragraph 2. The granting of loans financed with a special covered mortgage payment shall be made in separate series with the serieressvefund.
Paragraph 3. The value of the assets covering the mortgages issued in particular must correspond to the value of the special covered mortgage bonds, and the mortgage security of each loan must comply with the loan limit for that.
§ 33 b. Realds of credit institutions may finance loans against security in the types of assets calculated in Article 129 (1). ONE, ONE. paragraphs (i) and (3). in the European Parliament and of the Council Regulation (EC) No 2, 575/2013 of 26. June 2013 relating to regulatory requirements for credit institutions and investment firms by issuing a special covered debt securities if the institution has a permit in accordance with section 16 (a) (1). 1, in the law of financial activities.
Paragraph 2. The granting of loans financed with a special covered debt securities shall be made in separate series with the serieressvee fund.
Paragraph 3. The value of the assets covering the issuer ' s covered debt securities shall correspond to the value of the special covered bonds issued and the mortgage security of each loan must comply with the loan limit for that.
§ 33 c. In the case of loans financed with special covered mortgage bonds, or in particular covered bonds, the maturity and drainage profiles laid down in sections 3 and 4 shall apply, cf. however, paragraph 1 2.
Paragraph 2. In the case of loans financed with special covered mortgage bonds, or in particular covered bonds against security in property covered by Section 5 (2). 1, sections 3 and 4 do not apply if the loan limit does not exceed 75%.
Paragraph 3. Accessories covered by Section 38 of the sound Act may be included in the valuation of immovable property.
Paragraph 4. For the purposes of a commercial enterprise for the use of its operations, the values involved may be included in the valuation of the valuation. In the case of agricultural property, the herd may be included in the continuous production of the premises, in addition to the valuation of the transferable. In the case of a loading of agricultural property, the value may be :
of the crew forming part of the continuous production, the maximum length of 30%. of the value of land and buildings.
Paragraph 5. Borrow of fixed assets granted on the basis of the issue of special covered mortgage bonds or in particular covered debt securities must be guaranteed by separate pantheon letters and may not be granted against collateral in the form of owning letters and indemtees of non-free-mail ; cf. however, paragraph 1 Six and eight. It must be stated in the mortgage letter that it may be safe for a loan financed by the issue of special covered mortgage bonds, or in particular covered bonds.
Paragraph 6. Mortgage letters in real estate, which are things that are things before 1. In July 2007, loans may be guaranteed for loans financed by the issue of special covered mortgage bonds, or in particular covered bonds. No matter what. Act. however, the owner pawn letters and indemsitation letters may not be available to the security of loans financed by the issue of special covered mortgage bonds.
Paragraph 7. In the case of loans financed by the issue of special covered debt securities, the requirement in section 11 (s) may be ONE, ONE. point, that the borrower must own the property, and the requirement in section 23 (4). 1 that the borrower shall personally be waived in person ' s loan.
Paragraph 8. The financial supervision may be dispensers from paragraph 1. 5 on loans granted to immovable property located outside Denmark, the Faroe Islands and Greenland.
§ 33 d. Where the value of the assets referred to in section 33 (a) (a), 3, and section 33 (b) (b) ; 3, no longer corresponds to the value of the special covered mortgage bonds or in particular covered debt securities or are not complying with the loan limits which were in force at the time the loan has been granted, the real credit institution shall make a silent contribution to the credit institution ; additional security to meet the requirement and to notify the Financial supervision thereof. Complementary security shall be provided in the form of the types of asset set up in Article 129 (1). ONE, ONE. paragraphs (a), (a), and 3. in the European Parliament and of the Council Regulation (EC) No 2, 575/2013 of 26. June 2013 on supervisory requirements for credit institutions and investment firms. The obligation to provide additional security as well as the costs for that loan may not be imposed on borrowers in Denmark, where the decreasing property values have triggered the additional collateral.
Paragraph 2. Where the mortgage credit institution does not provide additional security in accordance with paragraph 1, ONE, ONE. in the case of a series of bonds issued in the series with the serial reserve fund in particular covered mortgage bonds, or in particular covered debt securities. The bonds that are losing the description in particular covered mortgage bonds, or in particular covered bonds, may be terralist mortgage bonds if they meet the requirements of the legislation in the legislation at the time of the tender for loans to the requirements for mortgage bonds.
Paragraph 3. The financial supervision may be dispensers from paragraph 1. TWO, TWO. PC, regardless of the fact that the bonds fail to comply with the requirements of the legislation in the area of mortgage credit bonds. Serial with serieses ' funds that are surpassed to the term mortgage bonds after 1. PC shall be kept separate from other funds in the real credit institution. Additional security already provided, cf. paragraph ONE, ONE. pkt; belongs to the series of serieresers which have been reclassified pursuant to paragraph 1. 2.
Paragraph 4. If the debt securities subsequently meet the requirements for specific mortgage bonds in particular, or in particular covered bonds, the Financial supervision may allow the bonds to be new specifically covered mortgage bonds in particular or in particular : covered bonds.
Paragraph 5. Safety has been lodged in accordance with paragraph 1. 1 may not be reversed after the bankruptcy slots section 70 or § 72. However, this may be carried out in accordance with the provisions laid down in the said provisions, where the security has specifically not been presented as ordinary ordinary.
§ 33 e. (Aphat)
§ 33 f. Financial supervision shall lay down rules for :
1) the valuation of the mortgages issued in particular covered mortgage bonds or in particular covered debt securities and the continuous inventory of assets in relation to the specific covered mortgage bonds or the special covered debt securities ;
2) the valuation of assets located to the security of the issue of specific covering mortgage bonds or in particular covered debt securities, and
3) the reporting of additional security for special covered bonds or in particular covered mortgage bonds.
Chapter 5
Supervision
§ 34. The SEC is observance of compliance with this law and regulations in accordance with the law.
Paragraph 2. The Management Board shall enter into the supervision of the institutions within the competence of the Management Board, as laid down in the law on financial activities.
Paragraph 3. The SEC may provide an injunction on the correction of matters which are contrary to the provisions of the law and rules issued under the law. Where a mortgage is granted in contravention of the law or rules drawn up under this, the Financial supervision of both the mortgage and borrowing of the borrower may require a reduction in mortgage lending, so that the said provisions are complied with.
Paragraph 4. In exceptional cases, financial supervision may use foreign aid.
$35. The SEC may obtain information about real estate from other public authorities for the purpose of compliance with this law.
§ 36. The SEC may lay down rules on the reporting of the mortgage credit institutions
1) Constants, losses and depreciation on loans and on-land holdings,
2) large exposures measured against the balance sheet of the institution and the large projections measured against the base capital of the Foundation (promilletes) and
3) Loan offering.
§ 36 a. Whereas the Minister for the Industry and Growth Minister may lay down rules for written communication to and from the Financial supervision and to and from the business and growth Minister for matters covered by this law or rules issued under this law shall be carried out ; digital.
Paragraph 2. The Minister for the Industry and Growth Minister may lay down detailed rules on digital communications, including the use of specific IT systems, special digital formats and digital signature el.lign.
Paragraph 3. A digital message is considered to have arrived when it is available for the message address.
§ 36 b. Whereas the Minister for the Industry and Growth Minister may lay down rules for the granting of decisions and other documents under this law or in accordance with rules issued under this law without a signature, in machinery or in accordance with the rules laid down in accordance with this law or in accordance with the rules laid down in the Community and the Minister for Industry, accordingly, the signature or the application of a technique that ensures unambiguous identification of the person who issued the decision or document. Such decisions and documents shall be placed in the same way as decisions and documents with a personal signature.
Paragraph 2. Whereas the Minister for the Industry and Growth Minister may lay down rules that decisions and other documents which have been made exclusively or issued on the basis of electronic data processing may be issued only with the declaration of the Financial supervision or the business and the Minister of Growth as a sender.
§ 36 c. Where it is required under this law or in accordance with the rules laid down pursuant to this law, a document issued by others other than the Financial supervision or the Minister for the Acquisient and Growth Minister must be signed, this requirement may be complied with by means of a technique which, ensure unambiguous identification of the person who issued the document, cf. however, paragraph 1 2. Such documents are treated as a person with a personal signature document.
Paragraph 2. The Minister for the Industry and Growth Minister may lay down detailed rules on the deviation of regulatory requirements, including that the requirement for personal signatures may not be permitted to be deviated from certain types of documents.
§ 37. As part of the financial supervision relationship, the real credit institution or credit institution shall be regarded as a decision by the Financial supervision of the Financial Authority in accordance with the financial supervision of the Financial Authority. however, paragraph 1 2.
Paragraph 2. A member of the board, an accountant, a CEO or other executive staff of a mortgage credit institution shall be considered as parties if the decision of the Financial Decision pursuant to the law or its provisions is directly directed at the person concerned.
Chapter 6
Appeal access
§ 38. Decisions taken by the Financial Regulation pursuant to the law or rules issued under the law may, by the judgment of the law, be submitted to the Board of Acquisities at the latest four weeks after the decision has been notified to the person concerned.
Paragraph 2. Opens from the Financial supervision of the correction of loans granted contrary to the provisions of the law or rules issued in accordance with them may be brought before the courts no later than four weeks after the decision has been notified to the person concerned. Decisions submitted for the Agency shall be subject to the courts within four weeks of the date of the decision of the Board of Justice of the Board of the Board.
Chapter 7
Penalty provisions
§ 39. The withdrawal of section 2 (2). 1, sections 3, 8, 10 and 11, section 13 (3). Paragraph 14, paragraph 14. 2 and 3, section 17 (3). 3 and 4, section 18-20, section 22, paragraph 1. ONE, TWO. pkt., section 25, paragraph ONE, ONE. pkt., and section 26 (s). 1 and 2 shall be punishable or penalised up to four months unless higher penalties have been inflited on the other legislation.
Paragraph 2. The withdrawal of section 2 (2). TWO, ONE. pkt., section 26, paragraph. 4, section 33 a (a), 2, section 33 (b) (b) ; 2, and section 33 c (s) ; One and five, punishable by fine. In the same way, violation of the notification requirement in section 33 d (d) is punished. ONE, ONE. Act.
Paragraph 3. In rules issued under the law, penalties may be imposed on penalties for infringements of the rules laid down in the rules.
Paragraph 4. Companies can be imposed on companies, etc. (legal persons) punishable by the rules of Chapter 5 of the penal code.
Paragraph 5. The limitation period for infringement of the law or rules issued under the law shall be five years.
§ 40. If a mortgage or management board is to be granted the right time to comply with the duties which, under the law or the rules granted under the law, they are incumbent to the Financial supervision, the SEC may, as a force, impose on the persons concerned. daily or weekly fines.
Paragraph 2. The financial supervision may, as a means of force, impose on a mortgage or executive board of a mortgage or a daily or weekly penalty if the Management Board or the Governing Board fails to comply with the loans from the Financial supervision of the correction of loans granted in breach of the financial market ; by law or by rules drawn up pursuant thereto.
Chapter 8
Entry into force and transitional provisions
§ 41. The law shall enter into force on 1. January 2004. Section 4, however, shall enter into force on 1. October 2003.
Paragraph 2. The first one. In October 2003, section 25 is deleted in the mortgage credit law, cf. Law Order no. 57 of 20. January 2003. The first one. Paragraph 1 (3) shall be repealed. 4 and 5, sections 3, 24, 26-28, 40-45, 47-49, 52, 54-59 and 97, § 100, paragraph 100. 4, section 102, paragraph. 2, as well as section sections 103, 103 (a) and 105 in the mortgage credit law.
Paragraph 3. Provisions applicable to the realm of credit institutions, cf. Law Order no. 571 of 15. In August 1989, and the index-regulated mortgage-credit loan, cf. Law Order no. 572 of 15. In August 1989, continued use of loans shall be granted in accordance with the said laws. Similarly, section 1 (2) shall be found. 5, and section 4 (4). 10, 2. pkt., and paragraph. TWELVE, TWO. PC, continue to apply to the priority state of loans granted in accordance with the provisions of the index-regulated mortgage credit loan.
Paragraph 4. Now the provisions of the mortgage credit law on loan terms and priority posts are still valid for loans granted in accordance with these provisions. The adjustment of loans in mortgage payments section 23 (3). Three, as written in section 6, no. 1, in Law No 1. 414 of 26. June 1998 amending the law on securities trading, etc., and different laws. (Present / division of responsibilities between the Fund and the Financial supervision, netting, currency spotshops in ROI, changed location rules for children's savings and housing savings, bankruptcy proceedings, etc.) shall also apply to the loan granted before the entry into force of this law
Paragraph 5. The previously applicable rules in section 21, 23, 24, 28, and 30-32 of the mortgage-credit law, cf. Law Order no. 708 of 8. September 1997, as amended by Section 6 of Law No 414 of 26. In June 1998 and section 2 of the Law No 491 of 1. In July 1998, continued use shall apply to construction, to which the first 1 shall apply. In January 1999, a commitment to support under the rule of public housing and supporting private cooperative housing, etc., previous laws on housing, as well as the former law on housing for the elderly and persons with disabilities, provided that the loan is based on : the aid commitment made.
Paragraph 6. The previously applicable rules in section 39 (4) of the mortgage. 1-6, cf. Law Order no. 708 of 8. September 1997, as amended by Section 6 of Law No 414 of 26. In June 1998 and section 2 of the Law No 491 of 1. In July 1998, continue to apply, and the earlier applicable rules in section 21, 23 and 24, cf. Law Order no. 708 of 8. September 1997, as amended by Section 6 of Law No 414 of 26. In June 1998 and section 2 of the Law No 491 of 1. In July 1998, they shall continue to apply in respect of the section 39 (3). 1 6, the purpose of borrowing intended for the purpose of the municipal management board prior to 1. In January 2002, a commitment to support has been announced.
Paragraph 7. Section 4 of a financial institution for agriculture and so on, cf. Law Order no. 699 of 5. November 1987, as amended by law no. 373 of 6. July 1988 and law no. 850 of 20. In December 1989, the continued use of loans granted by the Realm of Danish Agricultural Fund in connection with refinancing mortgages of mortgages and so on in agricultural refinancing is carried out.
Paragraph 8. § 20 a-20 d for the realm of mortgage credit institutions, cf. Law Order no. 571 of 15. August 1989 shall continue to apply.
Niner. 9. Accidents issued under the terms of paragraph 1. The above provisions shall be maintained. However, notice no. 646 of 27. In August 1998 on the issue of bankruptcy and so on of mortgage payments.
§ 42. The status of the status of the State in accordance with Article 28 (c) of the Law on Realtor ' s Act, cf. Law Order no. 571 of 15. In August 1989, the State guarantee may, with the addition of interest and costs, be recovered by pantout.
Paragraph 2. The Finance Management Board may recover the provisions of paragraph 1. Paragraph 1 shall be mentioned in accordance with the rules for the recovery of personal taxes in the source tax law in accordance with the rules for the collection of personal taxes.
Paragraph 3. The Minister for Food may lay down detailed rules concerning the procedure for the retention of pay.
Paragraph 4. The Finance Management Board may obtain the information from the tax authorities and other public authorities of the person concerned to carry out the recovery of the information referred to in paragraph 1. 1 the amount, including information on income and property.
Paragraph 5. Decisions pursuant to paragraph 1 of the financial management board. 1-4 may be made for the Finance Minister.
§ 43. The law does not apply to the Faroe Islands.
Law No 90 of 31. January 2007 (The Free Housing Act) contains the following entry into force :
§ 100
The law shall enter into force on 1. February 2007.
§ 110
The law does not apply to the Faroe Islands and Greenland.
Law No 577 of 6. June 2007 (Special covered bonds) contains the following entry into force :
§ 12
The law shall enter into force on 1. July 2007, cf. however, paragraph 1 2-4.
§ 14
Paragraph 1. Regardless of section 19 of the Act on mortgage credit and mortgage bonds, etc. as drawn up by the section 2 of this law. 7, the mortgage bonds must be issued before the first 1. July 2007 shall be recorded for public listing on a stock exchange until 1. November, 2007.
Paragraph 2. Paragraph 2. Section 20 (2). Paragraph 1, and section 26 (4). 4, in the area of mortgage credit and mortgage bonds, etc. as drawn up by the section 2 of this law. 8 and 10 apply to mortgage bonds issued in series or groups of series with seriereservefund which has been opened on 1. July 2007 and then.
Paragraph 3. For loans covered by § 33 c (3) (c) 2, in the case of mortgage credit and mortgage bonds, etc. as drawn up by the section 2 of this law. 18, the loan limit is 70 pct., if the loan is offered before the first 1. July, 2009.
§ 18
Paragraph 1. The sections 1 and 3-11 shall not apply to the Faeroe Islands and Greenland, cf. however, paragraph 1 3 and 4.
Paragraph 2. The Loven's section 2 does not apply to the Faroe Islands
Law No 219 of 5. April 2008 (Funding of supporting housing with special covered bonds) contains the following entry into force :
§ 5
The law shall enter into force on the seventh. April 2008
§ 6
Paragraph 1. (Udelades)
Paragraph 2. The Loven's section 3 does not apply to Faeroe Islands.
Law No 515 of 17. June 2008 (recognition of the fact that certain panteas sent to this thing can be regarded as a mortgage in real estate) shall include the following entry into force :
§ 10
Paragraph 1. (Udelades)
Paragraph 2. Number 2, number 2. 3 and 4, and section 6 shall enter into force on the day following the announcement in the Statthers of Law.
§ 11
Paragraph 1. (Udelades)
Paragraph 2. The section 6 of the law does not apply to Faeroe Islands.
Law No 517 of 17. June 2008 (Governing Board and Management Board members ' suitability and integrity, implementation of the equal treatment directive, etc) shall include the following entry into force :
§ 13
The law shall enter into force on 1. July 2008, cf. however, paragraph 1 2-5.
§ 14
Paragraph 1. The law does not apply to the Faroe Islands and Greenland, cf. however, paragraph 1 Two and three.
Paragraph 2. (Udelades)
Paragraph 3. sections 3-5 and 9 may, by means of a royal contraption, be fully or partially set in force for Greenland, with the deviations from which the special Greenland conditions are attributed.
Law No 392 of 25. May 2009 (the disclosure of customer information, outsourcing, and changes to money laundering, etc.) includes the following entry into force of the following entry into force :
§ 15
The law shall enter into force on 1. July 2009, cf. however, paragraph 1 2-7.
§ 16
Paragraph 1. The section sections 1 to 7 and 9-13 shall not apply to the Faeroe Islands and Greenland, cf. however, paragraph 1 3 and 4.
Paragraph 2. Section 8 does not apply to the Faroe Islands.
Law No 579 of 1. June 2010 (Strengthening of the Financial Services Supervisory Company, clarifying requirements for the management and the provision of financial undertakings, etc., and changes to rules concerning suitability and integrity, etc.) shall include the following entry into force :
§ 21
The law shall enter into force on 1. July, 2010, cf. however, paragraph 1 2-6.
§ 22
Paragraph 1. sections 1-12 and 14-20 do not apply to the Faeroe Islands and Greenland, cf. however, paragraph 1 2 and
Paragraph 2. sections 1 to 9, 12 and 14 to 20 may, in the case of Greenland, be implemented in full or in part to Greenland, with the deviations from which Greenland's conditions are applied.
Law No 718 of 25. June 2010 (Regulation and etc.) shall include the following entry into force :
§ 55
Paragraph 1. The Minister of Justice sets the time of the law to enter into force. 2)
Paragraph 2. A notification of the payeing or postponement of the decision on bankruptcy pursuant to Article 24 of the Act of Income Act shall maintain its effects following the entry into force of the law. No matter what. Act. may not be extended after the entry into force of the law, or the postponement of the decision on bankruptcy.
Paragraph 3. Applications for the opening of foreclosure proceedings submitted to the court before the entry into force of the law shall be completed in accordance with the rules in force in the current rules.
Paragraph 4. The request for redesign processing cannot be lodged by a creditor whose debtor has notified the debtor, the decision to declare bankruptcy is subject to the bankruptcy of the bankruptcy court in the current version or the debtor has lodged the application for a forced debate.
Paragraph 5. However, if a payment is made, the day of the notification shall be taken as a free day, if the probate court is notified within three weeks of the termination of a request for reconstruction, bankruptcy or debt relief. However, if a request is not made for an accreditation not to be confirmed, the day of receipt shall be taken as a free day, if the court date, within three weeks of the request for an acclave of the acclave, were withdrawn or rejected ; A letter of accreditation was received, receiving a request for reconstruction, bankruptcy or debt relief.
Paragraph 6. The section 10 (a) (1) of the courier. 3, no. 3, section 98, no. 1, and § 200 (3). 1, no. 3, as drawn up by the paragraph 1 of this law. 11, 25 and 32 shall apply where the day of the day is after the entry into force of the law.
Paragraph 7. The section 10 (a) (1) of the courier. 3, no. 5, as inserted by this law's § 1, nr. 11, shall apply only to agreements concluded after the entry into force of the law.
Paragraph 8. Interruption of limitation may take place in accordance with the applicable provisions of section 17 and 20 of the limitation of the statute of limitations, if the application for the opening of the foreclosure debate has been lodged before the entry into force of the law ;
Niner. 9. Section 47 (f) of the Tingly-style law. 4, in the up-to-date version so far, shall also apply following the entry into force of the law. Section 47 (f) of the Tingly-style law. TWO, ONE. pkton, as drawn up by the section 5 of this law. Furthermore, if the pan-set at the opening of the redesign examination is subject to the rules laid down in Chapter 2 of the bankruptcy law, or if an obsessive-compulsive debate has been opened up to date, Section 47 (f) of the Tingly-style law. THREE, ONE. provisions shall not apply if the pawler at the opening of the debt relief matter has been subject to the rules laid down in Chapter 2 of the bankruptcy law, or if forced into force is opened up to date.
Paragraph 10. Penal code section 283, paragraph. 1, no. 2, $300, no. 3, and section 304 (4). 2, as drawn up by the section 11 of this law. The provisions of 1, 3 and 4 shall apply by analogs to the debate on the subject of forced words.
§ 56
Paragraph 1. The law does not apply to the Faroe Islands and Greenland.
Paragraph 2. The sections of the law, sections 1, 4, 22, 23, 26, 29, 30 and 32 may, in the case of the Faroe Islands and Greenland, be in force in full or in part, with the deviations that the ferries and Greenland conditions say.
Paragraph 3. The Act's section, 6, 10, 14, 15, 18, 20, 21, 24, 25, 27, 28, 31, 33 and 54 may be implemented in full or in part to Greenland with the deviations from which Greenland's conditions are used.
Law No 1556 of 21. December 2010 (Competent Codes for financial advisers, risk management of loans, compensation policy, information obligation for issuers of securities, publication, administrative and administrative executable, clearing and settlement of payments, coins etc) shall include the following entry into force :
§ 28
Paragraph 1. The law shall enter into force on 1. January, 2011, cf. however, paragraph 1 2-4
Strike, 2-9. (Udelades)
§ 29
Paragraph 1. sections 1 to 11, 13, 15, 16, 18, section 19, no. 1, section 20-27 does not apply to Faeroe Islands and Greenland, cf. however, paragraph 1 3 and 4.
Paragraph 2. Section 17 does not apply to the Faroe Islands.
Stk. 3-4. (Udelades)
§ 11
Paragraph 1. The law shall enter into force on 1. March 2012, cf. however, paragraph 1 2-5.
Strike two-five. (Udelades)
§ 12
Paragraph 1. sections 1 to 4, 6, 9 and 10 shall not apply to the Faeroe Islands and Greenland, cf. however, paragraph 1 2-5.
Paragraph 2. Section 5 does not apply to the Faroe Islands.
Stk. 3-5. (Udelades)
Law No 155 of 28. February 2012 (Grant of engagements, the compulsory application of Danish accounting rules, authorisation and supervision of the auction platform for trading in carbon dioxide and common data centers etc.) shall include the following entry into force :
Law No 1231 of 18. December 2012 (Mandatory digital communication and adaptations as a result of ressortransfer, etc.) shall include the following entry into force :
§ 69
Paragraph 1. The law shall enter into force on 1. January 2013.
Paragraph 2. Administrative requirements issued under the existing provisions shall remain in force until they are amended or repealed.
§ 70
Paragraph 1. sections 1-39, 41-50 and 53-68 shall not apply to the Faeroe Islands and Greenland, cf. however, paragraph 1 3 and 4
Paragraph 2. Section 40 does not apply to the Faroe Islands.
Stk. 3-5. (Udelades)
Law No 1287 of 19. December 2012 (The disclosure of information to the Public Prosecutor, the establishment of the Systemic Risk Board, the aggregation of the Financial Business Council and the Foundation, short selling, new approach to the enforcement of solvency requirements and establishment of the supervision of the reference centre, etc.) shall include the following entry into force ;
§ 17
Paragraph 1. The law shall enter into force on 1. January 2013, cf. however, paragraph 1 2-5.
Strike, 2-6. (Udelades)
§ 18
(Udelades)
§ 19
Paragraph 1. sections 1-5, 10-13 and 15 do not apply to the Faeroe Islands and Greenland, cf. however, paragraph 1 Two and three.
Paragraph 2. sections 1 to 5, 10 and 13, by means of a royal contraption, the Faroe Islands and Greenland can be set in full or in part by means of the changes made by the ferry and Greenlandic conditions. The provisions may be put into effect at different times.
Stk. 3-4. (Udelades)
Law No 244 of 19. March 2014 (Regulation of the refinancing risk of mortgage bonds, in particular covered mortgage bonds, and in particular covered bonds etc.), the following entry into force shall include the following entry into force :
§ 3
Paragraph 1. The law shall enter into force on 1. April 2014, cf. however, paragraph 1 Two and three.
Paragraph 2. § 1, no. 2, and section 2 shall enter into force on 1. January 2015.
Paragraph 3. (Udelades)
Paragraph 4. § 1, no. 3, and § 2, nr. The first is for loans admitted after the entry into force of the law.
Paragraph 5. In the case of existing loans, the law is first applicable to first refinancing after the law comes into force.
Paragraph 6. For bonds issued to finance fixed property located outside Denmark, the law applies only to bonds to finance loans concerned after the entry into force of the law.
§ 4
Paragraph 1. The law does not apply to the Faroe Islands and Greenland, cf. however, paragraph 1 Two and three.
Paragraph 2. In the case of Greenland, the law can, in whole or in part, be brought into force with the discrepancies that the Greenland conditions are saying.
Paragraph 3. (Udelades)
Law No 268 of 25. March 2014 (The implementation of credit institution and capital requirements directive (CRD IV) and changes as a result of the relevant Regulation (CRR) as well as legislation relating to SIFI, etc.) shall include the following entry into force :
§ 22
Paragraph 1. The law shall enter into force on the 31. March, 2014, see. however, paragraph 1 2-6.
Paragraph 2-11. (Udelades)
§ 23
(Udelades)
§ 24
Paragraph 1. sections 1-17 and 19-21 do not apply to the Faroes, but § 1, 2, 4, 6-9, 11-13 and 21 by means of a royal appliance may be set in whole or in part in force for the Faroe Islands, with the changes that the ferotable conditions are worryingly.
Paragraph 2. (Udelades)
Law No 1490 of 23. In December 2014, the following entry into force shall include :
§ 14
Paragraph 1. The law shall enter into force on 1. January 2015, cf. however, paragraph 1 Two and three.
Check 2-10. (Udelades)
Paragraph 11. For bonds issued to finance fixed property located outside Denmark, the section 11 of this law is only applicable to bonds for financing loans granted after the entry into force of the law.
Law No 532 of 29. April 2015 (The Clarification of the refinancing risk of mortgage bonds, etc.) contains the following entry into force :
§ 17
Paragraph 1. The law does not apply to the Faroe Islands and Greenland, cf. however, paragraph 1 Two and three.
Paragraph 2. (Udelades)
Paragraph 3. sections 3, 6, 9, 10 and 13 may, by means of a royal appliance, be set in full or in part to Greenland with the changes which the Greenland conditions say.
Erk and the Ministry of Acquist, the 21st. August 2015
Troels Lund Poulsen
/ Kristian Vie Madsen
1) The law provides for the implementation of parts of Directive 2006 /48/EC of the European Parliament and of the Council of 14. June 2006, on the admission and pursuit of business as a credit institution (recast), (EU-Official Journal of the European Official Journal of the European Official Journal (EU In 177, s. 1).
2) The law entered into force on 1. April 2011, cf. Notice no. 208 of 15. March, 2011.
