Chapter One: General Provisions
Article One
Without prejudice to the provisions of financing laws, their implementing regulations, and related laws and instructions, these instructions regulate the processes of purchasing consumer financing debts for individuals between financing companies.
Article Two
The financing company wishing to purchase the debt must hold a license from SAMA to conduct consumer financing activities.
Article Three
The financing company may purchase consumer financing debts from individuals without needing to obtain separate approval from SAMA for this purpose.
Article Four
The financing company must adhere to the relevant laws and instructions, particularly those related to customer protection.