{"id":25118567,"date":"2026-09-02T09:42:21","date_gmt":"2026-09-02T06:42:21","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d8%a9-%d9%84%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%87%d9%8a%d8%a8-%d8%a8%d8%ac\/"},"modified":"2026-09-03T14:18:09","modified_gmt":"2026-09-03T11:18:09","slug":"%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d8%a9-%d9%84%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%87%d9%8a%d8%a8-%d8%a8%d8%ac","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d8%a7%d9%84%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d8%a9-%d9%84%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%87%d9%8a%d8%a8-%d8%a8%d8%ac\/","title":{"rendered":"FRA Urges Real Estate Clients to \u00a0Review Contract Terms and &#8220;Assignment of Rights&#8221; Provisions \u2013 Wednesday 2 September 2026"},"content":{"rendered":"<ul>\n<li><span style=\"color: #800000;\">In cases involving an &#8220;Assignment of Rights,&#8221; both real estate developer and mortgage finance companies are required to notify the buyer of all assignment details.<\/span><\/li>\n<li><span style=\"color: #800000;\">Mortgage finance companies must report clients&#8217; outstanding debt balances monthly to &#8220;I-Score,&#8221; in accordance with credit reporting guidelines \u00a0established for banks and credit providers.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>As part of its regulatory and supervisory mandate over non-banking financial activities, consumer protection and the investigation of filed complaints, Financial Regulatory Authority (FRA) has identified numerous instances where real estate clients failed to pay sufficient attention to key contractual terms\u2014specifically those governing the &#8220;Assignment of Rights&#8221; to mortgage finance companies.<\/p>\n<p>Financial Regulatory Authority (FRA) strongly urges buyers of real estate and residential units to thoroughly review all contractual terms before approving and signing purchase agreements\u2014particularly in transactions where the purchase price is paid in debt installments over agreed timelines.<\/p>\n<p>The Authority noted that most current real estate developer contracts contain provisions granting developers the right to execute a full contract assignment or assign underlying financial rights to a third party. Consequently, these rights may be transferred to a mortgage finance company, effectively converting the developer&#8217;s client into a customer of the mortgage lender.<\/p>\n<p>FRA emphasizes that should a developer assign its rights to a mortgage finance institution, both the developer and the financing entity are legally obligated to inform the buyer of the assignment details and outline the revised payment mechanism for remaining property installments.<\/p>\n<p>The Authority noted that such assignments operate under Article 305 of the Egyptian Civil Code, which stipulates:<\/p>\n<p>&#8220;An assignment shall not be effective against the debtor or third parties unless accepted by the debtor or formally notified to them. Furthermore, for the assignment to be effective against third parties through debtor acceptance, such acceptance must bear a certified date.&#8221;<\/p>\n<p>Furthermore, in compliance with directives from the Financial Regulatory Authority (FRA) and the Central Bank of Egypt (CBE) regarding credit position reporting across banks and financial institutions, mortgage finance companies\u2014as licensed credit providers\u2014must report their clients&#8217; outstanding debit balances on a monthly basis to the Egyptian Credit Bureau (I-Score). Consequently, a buyer&#8217;s outstanding installment obligations will be reflected across all credit providers.<\/p>\n","protected":false},"author":7,"featured_media":16088972,"parent":0,"template":"","format":"standard","categories":[144],"tags":[3791,5689,5690,5691,5692],"fra_news_taxonomy":[],"news_paper_taxonomy":[],"class_list":["post-25118567","fra_news","type-fra_news","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","tag-financial-regulatory-authority-fra","tag-i-score-en","tag-consumer-rights-protection-en","tag-mortgage-finance-company-en","tag-credit-providers-en"],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/25118567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/16088972"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=25118567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=25118567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=25118567"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=25118567"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=25118567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}