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DFG (Developer Guarantee Fund — Deweloperski Fundusz Gwarancyjny)

A fund that protects the money of people buying flats from developers, e.g. when the developer or the bank holding the escrow account goes bankrupt. It is managed by the Insurance Guarantee Fund (UFG).

The fund is financed by contributions that developers pay on buyers' payments into the escrow account. In situations provided for in the Act, the fund refunds payments that cannot be recovered in any other way.

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These definitions are for information only and describe the law in simplified form — they are not legal, tax or financial advice. Lendean is not a credit intermediary. Always confirm the details in your contract, with a notary or with the bank.

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