North Rhine Medical Care

Basically, I do not think it is right to badmouth banks / insurers here. You sign contracts and should also read them properly.

The fact that they are now requesting a letter one year after repayment is probably related to the process. Small institutions manage their loans rather sluggishly. Large institutions are more like a credit factory.

But still, why does a bank today still need a [Briefgrundschuld]? The enforcement of a [brieflosen Grundstück] does not take any shorter or longer. I somehow don't see the advantage. The disadvantage, however, is that such a [Grundstück-Brief] can also be lost by a bank. It doesn't happen often, but it has been experienced often enough.

But still, why does a bank today still need a mortgage deed? The enforcement of a non-certificated land charge does not take shorter or longer. I somehow don't see the advantage. The disadvantage is, however, that such a land certificate can also be lost by a bank. It doesn't happen often, but it has happened often enough.

Business practices don't have to be understood. Maybe the bank director is old school and wants it that way

This is not a bank at all, actually it is a "Rentenversicherungsträger?" for affiliated members (doctors) and indeed I just took a look at their balance sheet. Nothing is forfaited there. They simply give out loans (under whatever conditions). Therefore, the [Briefgrundschuld] makes even less sense.