5. Lending Application Special Controls
| No: 202200000245 | Date(g): 21/4/2022 | Date(h): 20/9/1443 | Status: In-Force |
The controls below should be implemented by lending companies in addition to the above mention controls.
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| 5.1. | Member Organization should have process implemented to assure the recipient IBAN belongs to the loan requester.
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| 5.2. | Member Organization should use a trusted and authorized digital signature provider.(see appendix A for additional details)
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| 5.3. | Ensure a process is implemented to securely create, save and manage promissory note by using national trusted party (e.g. Nafith)
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| 5.4. | Member Organization should implement a process to call the customer to confirm the loan request.
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| 5.5. | SMS notification should be sent with customer when:
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| | a. | User submitted the request.
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| | b. | When the loan request is approved or denied.
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