Regulatory Alerts2011-01-01
Circular No. 97 Clarifications Regarding the Reporting of Demographic Data for Housing and Mortgage Loans
The Palestine Monetary Authority issued Circular No. 97 to provide operational clarifications for banks reporting demographic data for housing and mortgage loans. The directive mandates precise formatting for facility numbers, exchange rates, debt-to-income ratios, and collateral valuations, while specifying that settled loans, joint borrowers, and non-residential secured loans must be reported or excluded according to defined rules. Additionally, it standardizes reporting metrics by requiring timeframes in months, area in square meters, and percentage values as whole numbers without symbols.
Share