Undertaking and Approval to Obtain and Disclose Information

Document Summary

This undertaking is signed by the customer/borrower to enable and authorize the bank to obtain his financial reports from any credit bureau of any country to access the financial credibility of the customer/borrower before providing a loan.

Description

This undertaking is subject to Federal Credit Information Law No. 6 of 2010 as amended by Federal Decree-Law No. 8 of 2020.

Jurisdiction

This document is intended for use in the Emirate of Dubai.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.

- Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.

- Please remove the square brackets and all highlighting prior to signature.