Regulatory Alerts2017-01-01
Circular No. 67: Disclosure of Lease for You Financial Leasing Services Company Data in the Credit Report
The Palestine Monetary Authority requires all operating banks to disclose Lease for You Financial Leasing Services Company data on the national credit information system effective April 5, 2017. This directive assigns the code LEASEF97 for reporting and exchanging borrower information to mitigate credit and operational risks across banking and lending portfolios. Institutions must immediately integrate this new data disclosure into their standard credit reporting procedures.
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