Obtaining the National Address (Residence and Work Address) of Consumers
| No: 428800000067 | Date(g): 13/3/2019 | Date(h): 7/7/1440 | Status: In-Force |
Translated Document
Referring to Circular No. 371000068810 dated 19/6/1437H supplementary to its Circular No. 351000101674 dated 6/8/1435H, based on the decision of the Council of Ministers No. (252) dated 24/7/1434H regarding the arrangements for activating the provisions related to residence and work addresses (the national address) prepared by the Saudi Postal Corporation, and as outlined in the supplementary SAMA circular mentioned above and what was included in Article 16 of the Implementing Regulations of the Credit Information Law stipulates that the consumer credit record , whether an individual or an entity, shall include their address.
I inform you that credit information companies must obtain from all their members the address data approved by the Saudi Postal Corporation (National Address) for all consumers.
To act accordingly, and provide SAMA with the detailed plan for these instructions no later than the end of March 2019.