A Rangbescheingung (also rank certificate, notary confirmation or rank warranty mentioned) is in Germany a written confirmation of a notary opposite Kreditinstitut that a struggle-correct entry to favour of the credit institute nothing opposes a land charge. Certificate of rank is chargeable.
The advantage of certificate of rank in the fact that the entry of the land charge does not have to be waited for. Kreditinstitut can confirm a financing with being present certificate of rank and an executory execution of the land charge order document opposite a building contractor and disburse by the land charge secured loans, if the remaining conditions for disbursement are present. The notary takes over the guarantee for the struggle-correct entries.
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