Regulatory Alerts2020-01-01
Annual Borrowing Cost Program - Circular No. 2020/145
The Palestine Monetary Authority issued Circular No. 2020/145 to require specialized lending institutions in Palestine to adopt an updated Annual Borrowing Cost Program integrated into the Credit Bureau Information Systems (CBIS). Institutions must assign specific system permissions to designated personnel and strictly adhere to the program's data entry and calculation protocols for all loan and financing products. The Authority will enforce compliance through regulatory verification, and the system will generate detailed reports displaying the calculated annual borrowing cost percentage, repayment schedules, and total financing costs for mandatory customer disclosure.
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