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  • Finance Regulations and Principles

    • Responsible Lending Principles for Individual Customers

      To read the "Responsible Lending Principles for Individual Customers", click here.

    • The Guidelines on Standing Orders for financing entity

      To read "The Guidelines on Standing Orders for financing entity", click here.

    • Rules Governing Disposal of Finance Assets or Their Contractual

      To read the "Rules Governing Disposal of Finance Assets or Their Contractual", click here.

      • Rules Governing Calculation of Annual Percentage Rate (APR)

        To read the “Rules Governing Calculation of Annual Percentage Rate (APR)”, click here.

      • Debt Collection Regulations and Procedures for Individual Customers

        To read the "Debt Collection Regulations and Procedures for Individual Customers", click here.

      • Disclosure of Interest Rates on Financing and Savings Products

        To read the Disclosure of Interest Rates on Financing and Savings Products, click here.

      • Deposit Taking Finance Companies (DTFCs) Regulations

        To read the "Deposit Taking Finance Companies (DTFCs) Regulations", click here.

      • Instructions on Periods of Issuing the Clearance Letter and Executing Requests for Account Transfer and Debt Transfer

        To read the "Instructions on Periods of Issuing the Clearance Letter and Executing Requests for Account Transfer and Debt Transfer", click here.

      • Guidelines for Financing Entities' Handling of Promissory Notes

        To read the "Guidelines for Financing Entities' Handling of Promissory Notes", click here. .

      • Controls for the Finance of a Natural or Legal Person Regarding the Goods of Their Institution or Services to Their Consumers

        In accordance with Article (5) of the Implementing Regulations of the Finance Companies Control Law as amended by the Decision of SAMA Governor No. (79/MFC) dated 08/12/1440H and in order to protect the consumers of financial institutions and maintain the soundness of the financial system and fairness of transactions, SAMA issued the Controls for the Finance of a Natural or Legal Person regarding the Goods of their Institution or Services to their Consumers.

        I. The natural or legal person (merchant) shall finance the goods of their institution or services to their consumers through the finance institutions licensed by SAMA. The finance institutions shall comply with the following:

        1. Verify that the merchant is licensed to perform his business in accordance with the applicable laws, provided that he is an owner or able to own what he seeks to finance.
        2. The merchant must not reacquire the good sold to the consumer.

        II. Real estate finance shall be limited to finance institutions licensed to directly provide real estate financing.

        III. Finance institutions may outsource their services or a part thereof to the merchant or any other party in accordance with the Rules on Outsourcing issued by SAMA in this regard.

        IV. A person who violates the provisions of paragraphs (I) and (II) of these Controls shall be deemed in violation of the Finance Companies Control Law.

        V. SAMA and other relevant entities shall continuously cooperate and coordinate with regard to detecting violators of the provisions of paragraph (I) of these Controls.

        VI. These Controls shall enter into force on the date of their approval.