Article 6

No: 1229

Date(g): 20/2/2013 | Date(h): 10/4/1434

Effective from May 17 2013 - May 16 2013
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Pursuant to the provision of Article 5 of the Law, bodies entrusted with registration of real estate ownership (courts, notaries public and real estate registration and documentation departments) shall grant real estate finance entities access to information recorded in real estate registers in accordance with the following procedures:

1.	The real estate finance entity shall submit an application – in a written or electronic form – requesting access to the information.
2.	The real estate finance entity shall attach a copy of the real estate finance license to access the information.
3.	The body entrusted with the registration of real estate ownership shall, as the case may be, issue a certificate in the form prepared by the Ministry of Justice that includes the following:
	a	The name of real estate owner at the time of submitting the application;
	b	Validity and integrity of the real estate title deed based on its records or its invalidity – as the case may be – and rights related thereto.
	c	The certificate shall be valid for a period not exceeding 30 days from the date of its issuance.
4.	The bodies entrusted with the registration of real estate ownership shall provide the required information to the real estate finance entity within a period not exceeding five working days from the date of receipt of the application.