Regulatory Alerts2020-10-27
Added · Updated
Extension of Deadline for Correction of Real Estate Mortgages
The Saudi Central Bank extends the compliance deadline for all domestic banks and financing companies to correct and authenticate real estate mortgages in accordance with actual contract terms until 1442/08/26H. This directive mandates that entities utilize available correction channels to finalize the process, aligning with prior instructions and approved timelines. The Bank will enforce regulatory measures against any financing entities that fail to meet the extended deadline.
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