GERMAN MORTGAGE BANKING AFTER NEW LEGISLATION ADOPTION
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German Mortgage Banking served as a basis model for implementation in many European countries, Czech and Slovak republic including. The first mortgage act in Germany was adopted in 1900 and with a few changes validated for 105 years. In 2005 was adopted new mortgage bonds act, which on first place takes mortgage bonds, gives up the specialization principle, takes many inspirations for European countries, which have a system on German mortgage principle based.
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