Effective from Feb 20 2013 - Feb 19 2013 To view other versions open the versions tab on the right
1.
A real estate finance entity shall comply with the requirements stipulated in the Law, this Regulation, other related laws and regulations as well as rules and instructions issued by SAMA relating to real estate finance. Real estate finance contracts and products shall comply with the Law and relevant laws, regulations, rules and instructions.
2.
SAMA may draft standard real estate finance contracts and real estate finance entities shall comply with such standard contracts unless otherwise provided for.
3.
The real estate finance entity shall obtain a no objection letter from SAMA for its real estate finance products before offering such products.
