Federal Law No. 19
Corresponding to 11 Shawwal 1401 H.
ON THE CONTINUANCE OF THE REAL ESTATE LOANS SETTLEMENT COMMITTEE IN EXERCISING ITS AUTHORITIES
We, Zayed Bin Sultan Al Nahyan, President of the United Arab Emirate State,
Pursuant to the perusal of the Provisional
Constitution; and
Federal Law no. 1 of 1972 regarding the Jurisdiction of the Ministries and the Powers of the Ministers and the amending Laws thereof; and
Federal Law no. 1 of 1981 regarding the Establishment of the Real Estate Bank; and
Acting upon the proposal of the Minister of Finance and Industry and the approval of the Council of Ministers and the ratification of the Federal Supreme Council;
Have promulgated the following Law:
Until the issuance of the Regulation of the Borrowing Conditions and the kind and amount of the guarantee required for the real estate loans in compliance with the provisions of Law no. 1 of 1981
above mentioned, the Real Estate Loans Settlement Committee regarding citizens shall continue to exercise its authorities in compliance with the provisions of the decision of the Council of Ministers no. 9 of 1980 concerning the Settlement of Real Estate
Loans and the Decision of the Council of Ministers no. 335/3 of 1981.
This Law shall be published in the Official Gazette and shall be put into effect from the date of enforcement of Federal Law no. 1 of 1981
above mentioned.
Promulgated by Us at the Presidential
Palace in Abu Dhabi
On 11 Shawwal 1401 H.
Corresponding to 11 August 1981
Zayed Bin Sultan Al Nahyan
President of the United Arab Emirate State
This Federal Law has been published in the Official Gazette, issue no. 94, p. 18