Regulatory Alerts2022-11-22
Added · Updated
Circular on Credit Reports and Credit Refusals to Banks and Microfinance Companies
The Central Bank of Jordan mandates that banks and microfinance companies must provide customers with a copy of their credit report when credit is denied based on negative points. The regulator prohibits these institutions from citing Crediv Jordan as a justification for refusing credit facilities or directing customers to that entity unless the report contains incorrect information. These requirements apply to all banks and microfinance companies operating in the Kingdom.
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