Section 1 Scope of application

These regulations apply to mortgage credit institutions which issue covered bonds, cf. the Financial Institutions Act chapter 2 subchapter IV, when such bonds confer a preferential claim over assets as mentioned in section 28-2 first paragraph a), b) and d) of the Financial Institutions Act. A mortgage credit institution’s articles of association shall state which of the types of loan mentioned in section 2-27, first paragraph a) of the Financial Institutions Act shall be granted or acquired by the institution.