10 Hrs
Source:
اليوم السابع
Consumer Protection Law on Installment Sales
The Consumer Protection Law No. 181 of 2018 regulates installment sales by requiring suppliers to provide consumers with an invoice containing essential information such as the total price, cash price, annual interest rate, initial payment if any, and the product's installment schedule, along with the rights and obligations of both parties in case of breach. Consumers have the right to pay all installments early, and the interest accrued for the remaining period will be deducted accordingly. Additionally, the law grants consumers the right to cancel timeshare or fractional ownership agreements within 14 days without any expenses or reasons, ensuring the protection of their rights in financial contracts.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)