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Article 8

No: 1229 Date(g): 20/2/2013 | Date(h): 10/4/1434 Status: In-Force
1.A real estate finance entity shall comply with the requirements stipulated in the Law, this Regulation, other related laws and regulations as well as rules and instructions issued by SAMA relating to real estate finance. Real estate finance contracts and products shall comply with the Law and relevant laws, regulations, rules and instructions.
 
2.SAMA may draft standard real estate finance contracts and real estate finance entities shall comply with such standard contracts unless otherwise provided for.
 
3.The real estate finance entity shall obtain a no objection letter from SAMA for its real estate finance products before offering such products.