Mortgage and Real Estate Credit Act (HIKG)

On April 1, 2021, the new Mortgage and Real Estate Credit Act (HIKG) has come into effect.

The HIKG regulates mortgage-backed residential property credit agreements for private individuals (consumers). Precontractual information requirements of the creditors regarding mortgage and property credit agreements, the credit rating as well as the consulting services, among others, belong to the key regulations. For more information please refer to the "Allgemeinen Informationen über Hypothekar- und Immobilienkreditverträge".

Detailed sources of information

Factsheet "Guidelines on arrears and foreclosure" according to EBA/GL/2015/12