Bavaria has issued implementation regulations governing the granting of loans to those Nazi victims who, under the Federal Indemnification Law, are entitled to resume the occupations in which they were engaged prior to the onset of Nazi persecution.
The regulations, which do not differ greatly from those introduced many years ago by the late Dr. Philip Auerbach, make it possible for Jews who formerly lived in Germany as self-employed businessmen or professional people, and who have now resettled there, to apply for loans up to $7,000–and in exceptional cases up to $12,000–provided they have no funds themselves and cannot obtain any elsewhere. However, they must be in a position to offer adequate security.
The loans have to be repaid, together with interest, over ten years. The new directives are so limited by restrictions that the number of beneficiaries is likely to be very small.
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