RegAlert

Rule · CBJ · 22 Jun 2017

Circular to Banks Operating in the Kingdom Regarding Credit Inquiry Service Compliance

credit

The Central Bank of Jordan mandates that banks operating in the Kingdom strictly comply with Article 18/a of the Credit Information Law No. 15 of 2010. This directive requires banks to conduct mandatory credit inquiries through the CRIF-Jordan service, addressing observed violations where institutions failed to perform these required checks. The circular emphasizes the necessity of immediate corrective measures to ensure adherence to the law.

JordanCentral Bank of Jordan

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

[Central Bank of Jordan Logo]

Number: 1/28 / 8873
Date: 27 / 9 / 1438 AH
Corresponding to: 22 / 6 / 2017 AD

Circular to Banks Operating in the Kingdom

Greetings,

It has been observed through our continuous monitoring of the operations of "CRIF - Jordan" regarding the credit inquiry service that some banks are not inquiring about customers as required through this service, thereby violating the provisions of Article (18/a) of the Credit Information Law No. (15) of 2010. Therefore, I emphasize the necessity of taking the necessary measures to comply with the provisions of this law.

Please accept our highest regards

[Signature]
Dr. Ziad Fariz

P.O. Box 37 Amman 11118 Jordan Tel 4630301 Fax 4638889 Website: www.cbj.gov.jo Email: info@cbj.gov.jo Form (1/10/111)

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Credit Information Law No. (15) of2010Not in RegAlertCredit Information Law No. (15) of 2010 — Not in RegAlertCircular to Banks Operating inthe Kingdom Regarding Credit …2017-06-22 · this documentCircular to Banks Operating in the Kingdom Regarding Credit Inquiry Service Compliance (2017-06-22)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Issued under
  • Credit Information Law No. (15) of 2010Not in RegAlert

    “violating the provisions of Article (18/a) of the Credit Information Law No. (15) of 2010.”

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Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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