| 1- | The Creditors must provide a synopsis for each Financing Contract to the Borrower that contains, in clear and succinct language, basic information about the Financing, including the Total Cost of Financing. The receipt of this synopsis by the Borrower must be documented and included in the Financing file.
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| 2- | The Financing Contract must include at least the following information:
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| (a) | names of the parties to the Financing Contract, the national identity number or Iqama number of the Borrower as applicable, official addresses, means of contact including telephone and mobile numbers and e-mails, if available;
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| (b) | type of Financing;
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| (c) | Term to Maturity;
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| (d) | Amount of Financing;
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| (e) | conditions for drawing down the Amount of Financing, if any;
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| (f) | description of the calculation method for determining Term Cost to enable the Borrower to understand the Term Cost and to distribute the cost over the Term to Maturity;
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| (g) | Term Cost and the conditions governing the application of the Term Cost and any index or reference rate applicable to the Term Cost;
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| (h) | Annual Percentage Rate (APR);
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| (i) | Total Cost of Financing and the Total Amount Payable by the Borrower, calculated at the time of entering into the Financing Contract; stating the assumptions made in order to calculate that amount;
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| (j) | instalment amounts payable by the Borrower, number of instalments, due dates of instalments, and method of distribution over the remaining amounts;
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| (k) | charges, commissions and costs of administrative services;
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| (l) | payment periods of charges or amount that must be paid without paying the Amount of Financing; and related payment conditions;
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| (m) | consequences of delayed repayment of instalments;
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| (n) | where applicable, notarial fees;
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| (o) | collateral and required insurance;
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| (p) | procedures for exercising the right of withdrawal, if any, its conditions and resulting financial obligations;
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| (q) | procedures for early repayment and indemnifying the Creditor, if applicable, and the method for determining such indemnity;
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| | | (r) | procedures for dealing with collateral if its value decreases, if applicable;
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| | | (s) | procedures for exercising the right of termination of the Financing Contract;
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| | | (t) | Borrower's consent to filing his/her information in credit bureau records; and
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| | | (u) | any other data or information stipulated by the Agency.
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