Regulatory Alerts2022-01-01
Lending-2022- Circular No. 128: Providing Borrowers and Guarantors with Copies of Documents Signed by Them
The Palestine Monetary Authority mandates that all specialized lending institutions in Palestine must provide borrowers and guarantors with an original or certified copy of every signed contract and document. Institutions are required to formally document the handover of these records regardless of pending litigation or whether they are issued on the signing date, in strict adherence to Responsible Lending guidelines. Failure to comply will result in formal legal enforcement actions.
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