Regulatory Alerts2013-01-01
Circular No. 79 (2013) Disclosure of Borrower Data to the Credit Information System
The Palestine Monetary Authority issued Circular No. 79 (2013) to mandate precise data disclosure practices for lending institutions reporting borrower information to the Credit Information System. The directive explicitly prohibits reporting zero values for unpaid installments alongside status assessments, mandates a strict 30-day waiting period before classifying borrowers as delinquent, and forbids skipping sequential credit risk classifications or prematurely labeling restructured court-referred loans as compliant. Institutions must amend their reporting protocols to align with these sequential grading and disclosure rules, facing legal enforcement for non-compliance.
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