Mortgage banks are credit institutes under private law, whose business concern is directed to beleihen domestic properties and spend due to the acquired Hypotheken debenture bonds (mortgage certificates), loans at domestic bodies and institutes of the public right or against assumption of the full guarantee by such an body or institute to grant (local loans) and due to the acquired demands debenture bonds (local debenture bonds) spend.

This is the definition of a mortgage bank after the German mortgage bank legislation, "§ 1.

Related links

• Current legal text of the mortgage bond law
• Connected German mortgage bond banks

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