The Debt Collection Notice is a crucial document used in Saudi Arabia when formal demands for payment need to be made to debtors. It serves as an important step in the debt recovery process, often preceding legal action, and must comply with Saudi Arabia's Enforcement Law (Royal Decree No. M/53) and Islamic financial principles. The notice is typically issued after informal collection attempts have failed and represents a formal step toward legal proceedings. It must carefully balance the creditor's right to collect with Sharia compliance requirements, particularly regarding interest (riba) and late payment charges. The document includes comprehensive details about the debt, payment history, and clear payment instructions, while maintaining compliance with Saudi Arabian commercial law and Islamic banking regulations.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Sender Details: Full legal name, address, and contact information of the creditor or collection agency
2. Recipient Details: Full legal name, address, and contact information of the debtor
3. Reference Information: Debt reference numbers, account numbers, and any relevant contract references
4. Debt Details: Clear statement of the original debt amount, current amount due, itemized breakdown of any additional charges or fees
5. Payment History: Summary of previous payments made and missed payment dates
6. Legal Basis: Reference to the underlying contract or basis for the debt, including relevant Saudi laws and Sharia compliance statements
7. Payment Demand: Clear statement of the amount demanded and payment deadline
8. Payment Instructions: Detailed information on how and where to make the payment
9. Consequences of Non-Payment: Clear statement of legal actions that may be taken if payment is not received
10. Contact Information: Details for dispute resolution or payment arrangements
1. Previous Correspondence Reference: Include when this is a follow-up notice to reference previous collection attempts
2. Payment Plan Options: Include when the creditor is willing to accept installment payments or negotiate terms
3. Third Party Authorization: Include when the notice is sent by a collection agency or legal representative on behalf of the original creditor
4. Dispute Resolution Process: Include when there's a specific process for the debtor to dispute the debt
5. Sharia Compliance Statement: Include detailed reference to Sharia compliance when the debt involves Islamic financial products
1. Schedule A - Debt Calculation: Detailed breakdown of the debt, including principal, any permissible charges, and calculation methodology
2. Schedule B - Payment History: Detailed listing of all payments and attempts to collect
3. Schedule C - Supporting Documents: Copies of relevant contracts, invoices, or other documents proving the debt
4. Appendix 1 - Legal References: Relevant sections of Saudi laws and regulations applicable to the debt collection
5. Appendix 2 - Communication Records: Log of all previous communications regarding the debt
Find the exact document you need
Debt Letter
A Sharia-compliant formal acknowledgment of debt under Saudi Arabian law, detailing payment obligations and enforcement terms.
Download
Outstanding Payment Recovery Letter
A formal payment demand letter compliant with Saudi Arabian law and Shariah principles, used to recover outstanding debts through official channels.
Download
Debt Validation Form Letter
A formal letter used in Saudi Arabia to request verification of claimed debt from creditors, complying with Saudi law, Sharia principles, and SAMA regulations.
Download
Debt Dispute Letter
A formal demand letter for debt payment in Saudi Arabia, structured according to local commercial law and Sharia principles.
Download
Payment Collection Letter
A formal payment demand document under Saudi Arabian law, combining commercial debt collection requirements with Sharia law compliance.
Download
Debt Settlement Offer Letter
A Shariah-compliant letter offering to settle an outstanding debt under Saudi Arabian law, detailing settlement terms and conditions.
Download
Legal Collection Letter
A formal payment demand document under Saudi Arabian law used to collect outstanding debts while adhering to local regulations and Sharia principles.
Download
Debt Removal Letter
A Sharia-compliant legal document under Saudi Arabian law that formally releases a debtor from specified financial obligations to a creditor.
Download
Collection Removal Letter
A formal request document used in Saudi Arabia to remove collection entries from credit records, complying with SAMA regulations and Sharia law principles.
Download
Debt Validation Letter
A formal request document under Saudi Arabian law for debt verification and validation, compliant with both SAMA regulations and Sharia principles.
Download
Formal Debt Collection Letter
A Sharia-compliant formal demand for payment of outstanding debts under Saudi Arabian law, serving as an official notification to debtors with legal implications.
Download
Paid In Full Letter From Debt Collector
A formal confirmation letter issued under Saudi Arabian law that certifies complete debt settlement and releases the debtor from further obligations.
Download
Debt Collection Notice
A formal payment demand notice under Saudi Arabian law for collecting outstanding debts, compliant with both commercial and Sharia law requirements.
Download
Debt Recovery Letter Of Demand
A formal payment demand letter compliant with Saudi Arabian law and Sharia principles, serving as an official request for debt repayment with legal implications.
Download
Debt Recovery Letter
A formal payment demand letter compliant with Saudi Arabian law and Sharia principles, used to recover outstanding debts within the Kingdom.
Download
Debt Collection Form Letter
A formal debt collection letter template compliant with Saudi Arabian law and Sharia principles, used for demanding payment of outstanding debts.
Download
Debt Collection Letter Of Demand
A formal payment demand letter compliant with Saudi Arabian law and Sharia principles, serving as an official notice to debtors and prerequisite for legal action.
Download
Debt Clearance Letter
A Saudi Arabian legal document confirming debt settlement and releasing the debtor from further obligations, compliant with local law and Sharia principles.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)