Circular on Credit Reports and Credit Refusals to Banks and Microfinance Companies

In the name of Allah, the Most Gracious, the Most Merciful

[Logo of the Central Bank of Jordan]

Reference No.: 18474/4/27
Date: 22/4/1444 AH
Corresponding to: 16/11/2022 AD

Circular to Banks and Microfinance Companies in the Kingdom

Greetings,

Based on the provisions of Article (19/c) of the Credit Information Law No. (15/2010) and subsequently our Circular No. (10830/1/27) dated 26/8/2020, I hereby emphasize the following:

• The necessity of providing the customer with a copy of the credit report when credit is denied based on negative points contained in the report.
• Not to cite Crediv Jordan as a justification for refusing credit facilities based on negative information in customers' credit reports.
• Not to direct customers to Crediv Jordan unless there is incorrect information in their credit reports.

Please accept our highest regards,

The Governor
Dr. Adel Al-Sharkas
[Signature]

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Form (1/1-17/1)
P.O. Box 27 Amman 11118 Jordan • Phone 4630301 • Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo

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