The following words and expressions, wherever they occur in these Implementing Regulations, shall have the meanings given next to them unless otherwise required by the context.

The Law: The Credit Information Law promulgated by Royal decree No. M/37, dated 5/7/1429H.

Implementing Regulations: Implementing Regulations of the Credit Information Law.

SAMA: Saudi Central Bank (SAMA)*.

Governor: Governor of Saudi Central Bank.

Credit Information: Consumer Information and data on his/her credit dealings.

Companies: credit information companies licensed to collect and maintain credit information on consumers, as well as provide members with such information upon their request.

Member: A government or private entity engaged in a contract to exchange credit information with at least one credit information company.

Consumer: A natural or juridical person who has credit dealings.

Credit Record: A report issued by companies containing credit information on a consumer.

Public Records: Credit information records maintained by government entities, such as records of specialized funds and banks that offer government loans, as well as judicial authorities, government committees, bankruptcy and insolvency files and the like.

Negative Decision: Any decision made by a member against a consumer based on his/her credit record.

Negative Information: Any information given by a member that may adversely affect the assessment of a consumer's credit record.

Committee: The Committee for Settlement of Credit Information Violations and Disputes.

* The "Saudi Arabian Monetary Agency" was replaced By the "Saudi Central Bank" in accordance with The Saudi Central Bank Law No. (M/36), dated 11/04/1442H, corresponding to 26/11/2020G.