Article 15 of the Saudi Credit Information Law
المادة 15 من نظام المعلومات الائتمانية
Allows a person harmed by violations of the Law to turn to the competent judicial body to claim compensation, after the committee has issued a decision.
Official text (Arabic)
This article has not been amended since the law was issued.
يجوز لمن لحق به ضرر ناتج من ارتكاب المخالفات المنصوص عليها في هذا النظام – بعد صدور قرار من اللجنة – اللجوء إلى الجهة القضائية المختصة لطلب التعويض عن الأضرار التي لحقت به.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 15 explained in plain English
This article deals with the right to compensation of a person who suffers harm because the provisions of the Credit Information Law were violated.
Conditions for exercising this right, as stated in the text:
- The harm must be the result of a violation provided for in the Law.
- This must be after the committee has issued a decision.
If that is met, the injured person may turn to the competent judicial body to claim compensation for the harm he suffered. The article does not set the amount of compensation or how it is assessed, and does not name a specific judicial body, merely describing it as the competent one.
The committee meant is the one mentioned in Article 14, which is formed by decision of the Minister of Finance to consider violations, impose penalties and settle disputes between the consumer and the members and companies. This means the path begins before the committee, and then comes the compensation claim before the competent judicial body.
A compensation claim differs from the imposition of penalties, which is within the committee's competence: a penalty is imposed on the violator, whereas compensation is claimed to redress the harm suffered by the injured person himself.
Assessing whether harm exists and its link to the violation requires studying the case, so the injured person would do well to consult a lawyer specializing in banking and finance, or in civil and compensation cases.
Practical example
Abdullah's record kept showing an incorrect debt despite his providing proof of payment, which led to a finance application of his being refused. He submitted a complaint to the committee, and after it issues its decision he may turn to the competent judicial body to claim compensation for the harm he believes he suffered because of the violation.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 15 of the Saudi Credit Information Law
Can I claim compensation for an error in my credit record?
A person who suffers harm resulting from a violation of the provisions of the Law may turn to the competent judicial body to claim compensation, after the committee has issued a decision.
Do I file the compensation claim directly?
The article makes turning to the judicial body to claim compensation come after the committee has issued a decision.
More articles on Violations Committee and Compensation for Damage
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.