Registered Real Estate Mortgage Law

Release Date:	1433-08-13
Release Tool:	Royal Decree
Issuance Instrument Number:	m/49
Validity:	Valid
Summary:	By AI A royal decree was issued on 13/8/1433 AH approving the Registered Real Estate Mortgage Law, with the Ministry of Commerce and Industry tasked with coordinating with the Capital Market Authority to review the current law and propose necessary amendments within ninety days. The registered mortgage is defined as a contract that grants the creditor a real right over the mortgaged property, provided that the mortgagor is the owner of the property. The mortgagor is allowed to act on the mortgaged pro...

Release Date:

1433-08-13

Release Tool:

Royal Decree

Issuance Instrument Number:

m/49

Validity:

Valid

Summary:

By AI

A royal decree was issued on 13/8/1433 AH approving the Registered Real Estate Mortgage Law, with the Ministry of Commerce and Industry tasked with coordinating with the Capital Market Authority to review the current law and propose necessary amendments within ninety days. The registered mortgage is defined as a contract that grants the creditor a real right over the mortgaged property, provided that the mortgagor is the owner of the property. The mortgagor is allowed to act on the mortgaged pro...