Lag om ändring av 1 och 26 § i lagen om hypoteksföreningar | 129 — Finland law | Esheria

Lag om ändring av 1 och 26 § i lagen om hypoteksföreningar

A mortgage association is treated as a credit institution, and its special purpose is to grant long-term loans mainly against mortgage security or other acceptable security.

Jurisdiction
Finland
Instrument
Act or statute
Citation
129
Version
Undated source snapshot
Language
sv
Official source
View official record ↗
banking capital repayment credit institutions lending mortgage security

Statute overview

About this statute

A mortgage association is treated as a credit institution, and its special purpose is to grant long-term loans mainly against mortgage security or other acceptable security. Supplementary capital may only be repaid if the mortgage association’s basic capital is not reduced, its own-funds ratio stays above the levels in sections 55 and 86 of the Credit Institutions Act, and the repayment does not exceed half of the previous year’s profit in any year.

Available versions

  • Undated version · current

    fi

  • Undated version · current

    sv

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