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Council of Ministers Decision

Ministry of Commerce: Decision 00350 Approving the Amendments to the Wording of the Decision to Practice Debt Collection Activity on Behalf of Others

Arabic

The Minister of Commerce,

based on the powers entrusted to him by law,

after perusal of the Law of the Mandates of the Ministry of Commerce issued by Council of Ministers Decision 66 dated 6 Rabi Al-Thani 1378 [20 October 1958]

and after perusal of Ministerial Decision 66614 dated 19 Dhu Al-Qa’dah 1436 [3 September 2015] regarding the Amendment of the Decision to Practice the Debt Collection Activity on Behalf of Others issued by Ministerial Decision 397 dated 28 Rabi Al-Thani 1408 [19 December 1987],

and in pursuance of public interest,

hereby decides

The amendment of the wording of the Decision to Practice the Debt Collection Activity on Behalf of Others issued by First: Ministerial Decision 66614 dated 19 Dhu Al-Qa’dah 1436 [3 September 2015] is hereby approved as follows:

1․ Article 1 is hereby amended to read as follows:

Ministry: The Ministry of Commerce.

Minister: The Minister of Commerce.

Debt: The settled debt at the time of payment.

Collection activity: The activity of collecting debt on behalf of others.

Collector: A natural or legal person practicing the collection activity.

Communication: Any means used by the collector to communicate with the debtor, including telephone, fax, regular or electronic mail, messages, or meeting him in person.

2․ Articles 2, 3, 4, and 5 are hereby deleted.

3․Article 6 is hereby amended to read as follows:

Companies that take any of the forms mentioned in the Companies Law may practice the collection activity in accordance with the provisions of this decision, and the company shall be responsible for any errors or violations issued by those entrusted with the collection tasks from its personal or workers, without prejudice to the personal responsibility of these persons towards it.

4․ Article 15(1) is hereby amended to read as follows:

In the event that the collector violates any of the provisions of this decision, the Ministry may warn him or prohibit him to practice the collection activity for a maximum period of three years.

Second

This decision must be published in the official gazette, and comes into force on the date of its publication.

Minister of Commerce
Dr Majid bin Abdullah Al-Qasabi

Issued on: 16 Rabi Al-Thani 1442
Corresponding to: 2 December 2020

Published in Umm Al-Qura 4863 issued on 25 December 2020.