Book traversal links for Article 23
Article 23
No: 1229 | Date(g): 20/2/2013 | Date(h): 10/4/1434 |
Effective from May 17 2013 - May 16 2013
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The Real Estate Refinance Company shall not:
1. | Provide financing to a real estate finance entity using real estate finance contractual rights as collateral before such rights have been transferred to the real estate refinance company as collaterals; | |
2. | Provide real estate finance to borrowers; and | |
3. | Ease real estate finance conditions with the objective of affecting housing prices in a way that is contrary to best practices of credit and risk management. |