Regulatory Alerts2022-01-01
Circular No. 161/2022: Disclosure of Public Sector Employees' Credit Status on the Credit Information System
The Palestine Monetary Authority issued Circular No. 161/2022 to direct specialized lending institutions on credit reporting procedures for public sector employees facing irregular salary disbursements. The circular mandates that lenders disclose a Customer Status Evaluation (MOP) rating of (2) for these employees in monthly reports during payment delays, while restricting the reported unpaid installment value to exactly one installment. This measure prevents adverse credit classification impacts on affected employees until their salaries resume normal disbursement schedules.
Share