Implementing And Supplementing Regulation On The Simplified Processing Of Building Association Savings Agreements

Original Language Title: Durchführungs- und Ergänzungsverordnung über die vereinfachte Abwicklung von Bausparverträgen

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here:

Implementing and supplementing Regulation on the simplified processing of building Association savings agreements BauSparVetrAbwV Ausfertigung date: 09.06.1933 full quotation: "adjusted version published implementation and supplementing Regulation on the simplified processing of building Association savings agreements in the in the Federal Law Gazette Part III, outline number 7631-6-1," footnote (+++ text detection from validity: 1.1.1964 +++) (+++ this V is I 2097 not applicable G v. 16.11.1972 gem. § 20 paragraph 6 on building completed after the 1.1.1973 +++) referred to input formula on the basis of § 7-hereinafter referred to Emergency Ordinance - Chapter V of the first part of the regulation of the President about measures on the Field of Justice and administration by June 14, 1932 (Reichsgesetzbl. I p. 285, 288) is prescribed in consultation with the Reich Labour Minister: type 1 - type of 2 from paying further contributions (§ 1 para 2 sentence 1 of the emergency regulation) the customers are exempt also, as far as savings contributions are backward arrangement of simplified handling. The same applies to contributions to administrative costs; but building societies building savings, that exist in them, to reduce arrears administration charges, have accounted for as far as these a period, which before the arrangement of simplified handling.

Type 3 at the vorranglosen satisfaction of all customers (§ 1 para 2 sentence 4 of the emergency decree) bewendet it also if a contractor is voidable or void. A home savings customers another claim against the building societies than that his building savings so, as each allow cash and cash equivalents, will repaid him (§ 1 para 2 sentence 3 of the emergency regulation), has not; He may not offset this claim.

Type 4 rights acquired a home savings customers to ensure the performance resulting from the contractor, damages, or claims shall expire with the arrangement of the simplified handling.

Type 5 arranges the Imperial Inspectorate the simplified settlement after a building society voluntarily ceased operations, so it can determine that his arrangement works like a dissolution resolution.
Footnote article 5 italic: now the federal supervisory Office for insurance gem. § 8 No. 7 BAG 7630-1 type 6 this Regulation shall enter into force with effect from June 16, 1932. Acknowledgement, comparisons, and final judgments remain unaffected. Unprecedented backward savings and management fees which have been paid to contrary to the rule of laid down in article 2, may not be reclaimed. A cut of construction savings referred to in article 2 set of 2 half-sentence 2 is omitted, if in promulgation of this regulation a plan be determined the rights of home savings customers simplified processing is placed, which does not provide for such a reduction, and a change in the plan would cause a clearly disproportionate efforts.

Concluding formula the Reich Economy Minister