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Effective from 2013-03-08 - Mar 07 2013 To view other versions open the versions tab on the right
1.
The Finance Company shall indicate in all product advertisements: its name, logo, any identifying representation and contact details.
2.
The advertisement shall disclose, in a manner that is clear to the Consumer, the name and Annual Percentage Rate of the advertised product and shall not include other rates of the Term Cost.
3.
The Finance Company may not do any of the following:
a.
Provide an advertisement that includes a false offer, statement, or a false claim expressed in terms that would directly or indirectly deceive or mislead the Consumer.
b.
Provide an advertisement that includes the unlawful use of a logo, a distinctive mark, or a counterfeit mark.
4.
SAMA may oblige any Finance Company that does not abide by the provisions of this Article to withdraw the advertisement within one working day of SAMA’s notice.
