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Article Fifteen
No: 43033200 | Date(g): 18/11/2021 | Date(h): 13/4/1443 | Status: In-Force |
Translated Document
Effective from Dec 01 2021 - Nov 30 2021
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The financing company selling the debt must issue a clearance letter to the customer within one business day from the date of receiving the payment for the existing financing and record this in the customer's credit record with credit information companies. An exception is made for customers with credit cards and/or monthly installment cards, for whom the clearance letter must be issued within seven business days.