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  • Chapter 4: Jurisdictions

    • Article 13

      The competent court shall settle disputes arising from real estate finance contracts and impose the penalty stipulated in paragraph 1 of Article 35 of the Finance Companies Control Law on any borrower who persists on being in default.

    • Article 14

      SAMA shall draft the Regulation of this Law which shall be issued pursuant to a decision by the Minister within 90 days from the date of issuance of the Law. The Regulation shall become effective upon the Law's entry into force.

    • Article 15

      This Law shall come into force 90 days from its date of publication in the Official Gazette.