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Article Twelve

No: 41061554 Date(g): 20/6/2020 | Date(h): 29/10/1441 Status: In-Force

Translated Document

The holder of the ownership document is prohibited from disposing of the registered right in a manner that contravenes the provisions of the registered contract according to these regulations. Interested parties may file a criminal or civil lawsuit as appropriate and must notify the relevant registrar. In such cases, the registrar must inform one or more licensed credit data service providers, in accordance with the Credit Data Law, to include the information in the credit registry of the ownership document holder.