Book traversal links for Article 13
Article 13
Effective from 2019-12-10 - Dec 09 2019
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1. | SAMA may revoke the license upon the request of the Consumer Microfinance Company, taking into account the rights of the creditors and borrowers and the integrity of the financial system. |
2. | SAMA may revoke the license if the Consumer Microfinance Company has submitted false information or failed to disclose material information that should have been provided for licensing purposes. |