NHG as credit protection

A loan with NHG is secured by a guarantee. The Conditions and norms apply to this. This NHG guarantee is a form of credit protection for the lender. The NHG guarantee meets the standard conditions for qualifying as eligible credit protection for banks under the Capital Requirements Regulation (CRR).

This qualification is important for banks that provide loans with NHG. That is why NHG amended the Conditions and norms with effect from 2020 in order to achieve this qualification.

• At NHG's request, NautaDutilh confirmed in a memo that the NHG guarantee meets the standard conditions for eligible credit protection under the CRR. This memo was also submitted to De Nederlandsche Bank (DNB). The memo dated 31 March 2020 can be found here.
• In 2024, the Conditions and norms were rewritten in clear and understandable language and with an updated layout. On 4 December 2023, NautaDutilh confirmed that these revisions do not affect the analysis and conclusions of the original memo. The addendum dated 4 December 2023 can be found here.
• Following the CRR amendment effective 1 January 2025 and the entry into force of the new Conditions and norms 2026-1, NautaDutilh also confirmed on 23 December 2025, at NHG's request, that these developments do not impact the analysis and conclusions of the original memo. The addendum dated 23 December 2025 can be found here. 

NHG offers lenders the option to receive payment of the expected loss (in Dutch) if the property has not been sold within 21 months of default and the default persists. This option applies to both new and existing loans with NHG. Payment of the expected loss does not affect the NHG guarantee, however, NHG will offset such payment against the guarantee payment to compensate for the final loss after sale.

This option to receive payment of the expected loss was introduced in the Conditions and norms 2020-2. Lenders were able to make use of this option immediately upon publication, in accordance with the total arrangement set out in the Conditions and norms.

More information for professionals

• Background and reason (in Dutch) Nieuwsartikel NHG als kredietprotectie 19-11-2019 
• Processing payment of expected loss (using login)