Lov om etablering af statsgaranti på lån til udskiftning af olie- eller gasfyr med en anden opvarmningskilde i landdistriktsområder uden for fjernvarmenettet | A20230032130 — Denmark law | Esheria

Lov om etablering af statsgaranti på lån til udskiftning af olie- eller gasfyr med en anden opvarmningskilde i landdistriktsområder uden for fjernvarmenettet

This provision sets up a state guarantee scheme for certain loans used to replace oil or gas boilers with heat pumps in qualifying properties.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Denmark
Instrument
Act or statute
Citation
A20230032130
Status
In force
Version
Undated source snapshot
Language
da
Updated
Official source
View official record ↗
default and disclosure guarantee fee heat pump replacement loan agreement termination loan guarantees loan servicing loan transfer mortgage credit mortgage lending property financing reporting and documentation reporting obligations state guarantees state-guaranteed lending supervision and control

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Statute overview

About this statute

This provision sets up a state guarantee scheme for certain loans used to replace oil or gas boilers with heat pumps in qualifying properties. A new ejendomskreditgiver is covered by this law when the agreement with the borrower is made. If an ejendomskreditgiver transfers a state-guaranteed loan agreement to another ejendomskreditgiver covered by § 2(1), a terms agreement with Finansiel Stabilitet must already be in place. The Minister may set detailed rules for certain state-guaranteed loans, and covered property lenders must send quarterly and annual reports to Finansiel Stabilitet. Several reporting, documentation, and control duties apply to mortgage lenders and Finansiel Stabilitet in the state-guarantee scheme. Ejendomskreditgiveren must immediately demand repayment of the state-guaranteed loan in the cases covered by subsection 1, and Finansiel Stabilitet must notify Finanstilsynet if the credit giver gives false or misleading information or breaches duties. Finansiel Stabilitet may also exclude the credit giver from future state-guaranteed lending in certain cases, and neither the credit giver nor the lender may terminate the loan agreement because the state guarantee lapses in the listed situations.