The Federal Ministry of Finance and the Federal Ministry of Justice and Consumer Protection are authorised to determine, by a joint statutory instrument that is not subject to approval by the Bundesrat, guidelines for the criteria and methods to be applied in conducting assessments of creditworthiness for consumer credit agreements relating to immovable property pursuant to sections 505a and 505b subsections (2) to (4). The statutory instrument particularly may determine guidelines
1. concerning the factors relevant for the assessment of whether or not the borrower likely will be able to comply with their obligations under the credit agreement,
2. concerning the procedures to be applied and the collection of information and its verification.