Content of Pfandbriefe

(1) The Pfandbriefe must show the provisions governing the legal relationship between the Pfandbrief bank and the Pfandbrief creditors, in particular as regards the terminability of the Pfandbriefe. The possibility of a deferral of maturity under section 30(2a), and the conditions decisive for it, must be clearly indicated in the issuance terms of Pfandbriefe.
(2) Pfandbrief creditors may not be granted a right of termination. A right of termination granted contrary to the first sentence is invalid.
(3) The issuance of Pfandbriefe whose maximum redemption value is unknown is not permitted.