Palestine Monetary Authority

Palestine Monetary Authority

Circular No. (2012/3)
To all lending institutions operating in Palestine Date: Wednesday, January 04, 2012

Subject: Disclosure of Housing and Mortgage Loans

With reference to our Circular No. (2011/67) dated 25/4/2011 concerning the demographic file structure for housing and mortgage loans, and based on the results of analyzing data specific to the housing and mortgage sector, inaccuracies have been identified in the disclosure of the type of interest rate applied to loans granted to this sector.

Accordingly, all institutions are required to exercise utmost precision in their disclosure files by disclosing the type of interest rate applied to the facility as per the credit contract signed with the borrower. Failure to do so will result in the imposition of fines in accordance with the law.

Director of Public Relations and Market Regulation Palestine Monetary Authority

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