Regulatory Alerts2001-01-01
Decision of the Prime Minister No. 1 of 2001 Issuing the Executive Regulations of the Real Estate Financing Law
The General Authority for Financial Supervision issued updated executive regulations for Law No. 148 of 2001 concerning real estate financing, establishing comprehensive rules for financing activities, collateral, and enforcement. The regulations define permissible financing structures, mandate specific contractual data points, and set strict capital and licensing requirements for real estate finance companies. Furthermore, the document outlines detailed procedures for property disposal, early repayment, and judicial execution to protect the rights of financiers and investors.
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