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Affidavit of Loss
"I need an affidavit of loss for a compliance report that was misplaced on October 1, 2025, detailing the circumstances of the loss and including a sworn statement for legal purposes."
What is an Affidavit of Loss?
An Affidavit of Loss is a sworn legal statement you make when important documents or items go missing in Saudi Arabia. It formally declares the loss of valuable items like official certificates, commercial papers, or company documents, helping protect you from potential misuse of the lost items.
Under Saudi law, this affidavit needs notarization from authorized bodies and often serves as a crucial step before getting replacements. Banks, government offices, and businesses commonly require this document when handling cases of lost checks, share certificates, or official permits. It provides legal protection by creating an official record of the loss and your commitment to report any discovery of the missing items.
When should you use an Affidavit of Loss?
File an Affidavit of Loss immediately when important documents go missing in Saudi Arabia - especially for high-value items like commercial licenses, official certificates, or company seals. Quick action helps prevent unauthorized use and protects your legal interests, particularly when dealing with Saudi banks or government agencies.
You need this affidavit to get replacement documents, transfer ownership of lost securities, or cancel missing checks. It's essential when reporting lost corporate documents to the Ministry of Commerce, replacing misplaced residency permits with Jawazat, or handling missing financial instruments with Saudi banks. Many organizations require this sworn statement before processing replacements or updates to their records.
What are the different types of Affidavit of Loss?
- Affidavit Of Lost Stock Certificate: Used for missing share certificates, required by Saudi stock brokers and CMA
- Affidavit For Loss Of Certificate: General-purpose format for any official certificate loss, commonly used with government agencies
- Affidavit For Lost Degree Certificate: Specifically for academic credentials, needed for Ministry of Education procedures
- Affidavit Of Loss Authorization Letter: Combines loss declaration with power of attorney for replacement procedures
- Affidavit Of Loss Pawn Ticket: Specific to lost pawn shop receipts, protecting both pawner and shop rights
Who should typically use an Affidavit of Loss?
- Document Owners: Individuals or companies who have lost important papers file the Affidavit of Loss to protect their interests and initiate replacement processes
- Notaries Public: Authorized Saudi notaries verify identities and authenticate the affidavits, making them legally binding
- Government Agencies: Ministries and departments accept these affidavits when processing replacement documents or updating records
- Financial Institutions: Banks and investment firms require these statements before replacing lost financial instruments or certificates
- Legal Representatives: Lawyers often help draft and file these affidavits, ensuring compliance with Saudi legal requirements
How do you write an Affidavit of Loss?
- Lost Item Details: Document exact description, serial numbers, dates of issue, and last known location
- Personal Information: Gather full legal name, ID number, contact details, and relationship to the lost item
- Supporting Evidence: Collect police reports, original issuance receipts, or relevant correspondence
- Timeline Details: Note when and how the loss was discovered, and steps taken to locate the item
- Witness Information: Include details of anyone who can verify the loss circumstances
- Authentication Plan: Schedule appointment with a Saudi notary public for official verification
- Digital Drafting: Use our platform to generate a legally-compliant affidavit that meets local requirements
What should be included in an Affidavit of Loss?
- Declaration Statement: Opening statement affirming the truth of contents under Saudi law
- Personal Details: Full legal name, ID number, address, and contact information of the declarant
- Item Description: Detailed specifications of lost item including serial numbers and identifying features
- Loss Circumstances: Clear narrative of when, where, and how the loss occurred
- Search Efforts: Documentation of attempts made to locate the lost item
- Legal Undertaking: Promise to return or report if item is found
- Indemnification Clause: Protection for parties accepting the affidavit
- Authentication Block: Space for notary's stamp and signature per Saudi requirements
What's the difference between an Affidavit of Loss and an Affidavit and Indemnity Agreement?
While an Affidavit of Loss specifically addresses missing items or documents, an Affidavit and Indemnity Agreement serves a broader purpose in Saudi legal practice. Understanding these distinctions helps you choose the right document for your situation.
- Purpose: An Affidavit of Loss solely declares the loss of specific items, while an Affidavit and Indemnity Agreement includes both a declaration and protection for parties who act on that declaration
- Legal Scope: The Loss Affidavit focuses on documenting circumstances of loss, while the Indemnity version adds liability protection and compensation promises
- Required Parties: Loss Affidavits need only the declarant and notary, while Indemnity versions require additional parties who receive protection
- Usage Context: Loss Affidavits work for simple replacements, but Indemnity versions are needed when significant financial or legal risks exist for other parties
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