Regulatory Alerts2012-01-01
Circular No. 1: Disclosure of Housing and Mortgage Loans
The Palestine Monetary Authority mandates that all banks operating in Palestine accurately disclose the specific type of interest rate applied to housing and mortgage loans in their regulatory reporting files. This requirement addresses previously identified inaccuracies in sector data and instructs institutions to align their disclosures strictly with the terms of signed credit contracts. Non-compliance with this directive will result in legal fines being imposed on the respective banks.
Share