Delay in Repaying Finance in the Saudi Finance Companies Control Law
المماطلة في سداد التمويل — نظام مراقبة شركات التمويل
Punishing a person proven to have delayed paying his debt with a fine not exceeding twice the profit on the delayed obligation for its period; repeating the penalty with each repeated delay; and depositing the fine to support public-benefit associations.
1 article
Other topics in the Saudi Finance Companies Control Law
Definitions and Scope of the Finance LawLicensing Finance CompaniesTypes of Finance ActivityProhibitions on Finance CompaniesBoard of Directors of a Finance CompanyFinancial Solvency of Finance CompaniesFinance Consumer ProtectionEarly Repayment of FinanceSupervising Finance CompaniesFinance Company Violations and PenaltiesGrievances and Finance Disputes