He has a loan from the Development Fund and transferred the loan to the liability of another person, with the consent of the right holder. What is the ruling on that?
Machine translationRead the Arabic original
Question:
A person has a loan from the Real Estate Development Fund, and he sold the house to another person, and the loan was transferred to the name of the buyer, and the fund's regulations permit this. So, is the seller's liability cleared of this debt?
Answer:
Yes, if the right holder transferred it from the liability of the first debtor to the liability of another debtor, the right holder has the choice, so if he chooses this, then it is so. Yes.
A person has a loan from the Real Estate Development Fund, and he sold the house to another person, and the loan was transferred to the name of the buyer, and the fund's regulations permit this. So, is the seller's liability cleared of this debt?
Answer:
Yes, if the right holder transferred it from the liability of the first debtor to the liability of another debtor, the right holder has the choice, so if he chooses this, then it is so. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1281 -2802] عليه قرض لصندوق التنمية فأحال القرض على ذمة آخر، برضى صَاحب الْحق، ما حكم ذلك؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.