Deferment of payment (forbearance)

In the event of exceptional circumstances, the bank waives the agreed payment date for a customer in connection with a loan; the loan must nevertheless be paid off in full and on the original terms. – The bank extends a loan at risk of default under the most mitigated conditions; the burden on the customer is thus reduced. A deferral in this sense has been subject to reporting requirements since 2014. – See deferral of interest. – Cf. 2013 BaFin Annual Report, p. 72.

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