Regulatory Alerts2021-03-31
Added · Updated
Circular on Credit Report Disclosure and Data Submission to Jordan Credit Bureau CRIF
The Central Bank of Jordan mandates that banks and microfinance companies must provide clients with a copy of their credit report when denying credit facilities based on negative data, as required by Article 19/c of the Credit Information Law No. 15 of 2010. The circular prohibits institutions from directing clients to the Jordan Credit Bureau CRIF for data deletion or inquiry unless the specific cases defined by law apply. Additionally, regulated entities are required to submit credit information and any amendments to the Jordan Credit Bureau CRIF on a regular basis.
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