Loss Of Savings Certificates

Invalidation procedures for lost lost passbooks and co the savings certificate is an asset, since only against this certificate may be a service to the customer. Securities are private rights which will be represented in a document. This is done so that the ownership and the certificate template is necessary to assert of the right. The passbook is a hinkendes holder security as the sole template of the security (savings passbook) is not enough to be able to assert his rights. In addition, a password must be named.

This represents a great security in case of loss. In addition to the password, an officially valid photo ID is present in order to withdraw money from savings certificates in addition since 1.1. obligatory 2011. Thus, it is hardly possible to fix the money from a savings account a dishonest Finder of a savings certificate without having to be recognized. However, this danger in savings cards (for more information also see savings card on) is still omnipresent there with This can most directly by the ATM will accessed credit. He knows the code word Finder he can withdraw money and go undetected with great probability as with an ATM card. Again, it comes also to situations in which the savings certificate while not in the public domain is lost, but at home can’t be found. The owner believes though, that no third party has stolen the money from the account, but due to the lost certificate he has no access even more on his money.

In this case, an annulment of proceedings within the meaning of the KEG must be initiated. The owner of the savings certificate must make a request for proceedings contingent. In addition, he must make the existence of the document credible. Ideally with a copy and witnesses. There is a statement, that the savings certificate is the hand and its current owner is not known or cannot be reached. If the Court allows the application, a request by the debtor takes place. Here is to be ascertained whether the certificate, such as by the owner was described, existed. If the certificate is the array process is initiated and published by edict. A day after the publication of the edict is a payment block and the roster deadline (duration is dependent on the type of between two months and one year) starts to run. After this period, a second request by the debtor will be whether a performance was effected during the period on the basis of the certificate or the certificate has changed. Then explains the certificate with the Court decision for the powerless. Against the decision from conclusion and reimbursement of costs, a copy of a new certificate may be required now. Because the entire process is very time consuming, it is recommended to keep savings certificates carefully. Elis judge

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