Egypt - Become a Mortgage Finance Expert

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Procedure

Apply In-Person:

1. To Become a Mortgage Finance Expert, the applicant must approach the Financial Regulatory Authority (FRA).
2. The address and contact details of the office can be found in the following contact link
3. Applicant must obtain the application form from the relevant department.
4. Applicant should read carefully in the application form, after all details must be filled in the application form.
5. The applicant has to make sure he or she has all the required documents that are required for this process to be successful and they can be found under the "Required Documents" section of this page.
6. Payment of appropriate fees should be made and that can be found under the "Fees" section of this page.
7. Submit the completed form in two copies along with the supporting documents (listed below) to the GRA regional and district office or the head office.
8. This application will be processed and information will be verified by the GRA.
9. If the verification is successful, the notification will be sent to the applicant.
10. After getting the notification from concerned authorities, applicant can visit the office to collect their document.
11. If there is no information regarding the application, then, the applicant can visit the office to know status of the application.
12. The Processing time for this procedure is 7-15 days.

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Required Documents

• Application form.
• Identity proof.
• Ration Card
• Bank account details
• Address of the shop or business (proof of address)
• Fees paid details (Challan and details)
• Education details
• Residential Proof: Residential Certificate issued by Local administration office/ Aadhaar card / Passport / Driving License / Ration Card / Govt. Id card / Defence ID Card / PAN Card.
• Age proof (birth certificate/school certificate)
• Applicant passport-size photograph.
• Aadhaar card
• Affix stamp as advised by authorities if required.

Office Locations & Contacts

Financial Regulatory Authority (FRA)
Smart Village - Building No. B 136 in the Financial District,
km 28, Cairo-Alexandria, Desert Road – Giza
Desert Road – Giza
Fax: 35370036
E-mail: [email protected]
contact link

Eligibility

• Age : 18 years and above (If minors are applying then apply through a guardian)
• Citizen of Egypt
• Applicant should not knowingly participate in or connived at any fraud or dishonesty in the conduct of or in connection with the business of money-lending
• The applicant should not have got his/her license canceled within the last six months or the prescribed period before the date of the current application.

Fees

• As authorities quote.
• Charges for affixing stamps may be required.

Validity

• Valid for 5 years or as per the period mentioned

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The Processing time for this procedure is 7-15 days.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external 
websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Please do fill the application form with the correct information and fill all the required columns.
• Do submit the application to the concerned authority with the required documents attached.
• Kindly pay the required amount for the application process while submitting the application form at the office.
• Avoid using fabricated documents to avail this license as it is punishable.
• If the rules are not followed, punishment is inevitable.

Required Information

• Name and address of the organization
• Address proof and Id proof
• Contact details and email address
• Payment receipt number

Need for the Document

• Any individual or a firm indulges in Mortgage Finance business has to follow the interest rate advised, tenure for the loan etc.
• This licensing process gives the applicant all vital information to be followed.

Information which might help

• The Financial Regulatory Authority (FRA) was established by Law no. 10 of 2009. The FRA is responsible for supervising and regulating non-banking financial markets and instruments, including Capital Market, Futures Exchanges, Insurance Activities, Mortgage Finance, Financial Leasing, Factoring, and Securitization.
  

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

More information which might help people.