2. General Provisions
| No: 43076917 | Date(g): 5/4/2022 | Date(h): 4/9/1443 | Status: In-Force |
Translated Document
Effective from Jul 01 2022 - Jun 30 2022
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2.1. These instructions aim to establish the minimum requirements that financing entities must adhere to when handling promissory notes.
2.2. These instructions do not override the provisions set forth in related instructions, including but not limited to the following:
- Debt Collection Regulations and Procedures for Individual Customers issued under SAMA Circular No. (39100008334) dated 26/07/1439 AH.
- Model Contract of the Financial Lease of Vehicles for Individuals issued under SAMA Circular No. (41038534) dated 01/06/1441 AH.
- Mortgage Finance Model Contract for Individuals in Murabaha and Ejarah issued under SAMA Circular No. (41038504) dated 01/06/1441 AH.
-Rules on Outsourcing for Finance Companies issued under SAMA Circular No. (65338/99) dated 07/05/1440 AH.
- The first update to the instructions for assigning tasks to third parties issued under SAMA Circular No. (41027017) dated 18/04/1441 H.
- Regulations for clients' signatures on blank promissory notes in exchange for banking facilities issued under SAMA Circular No. (271000000743) dated 19/12/1427 AH.
- SAMA Circular No. (41044391) dated 25/06/1441 H concerning the "Nafith" Electronic Platform Approved by the Ministry of Justice.
- SAMA Circular No. (41045412) dated 01/07/1441 H concerning the "Nafith" Electronic Platform Approved by the Ministry of Justice.