Regulatory Alerts2012-01-01
Circular No. 146: Loans for Members of the National Security Forces
The Palestine Monetary Authority issued Circular No. 146/2012 to direct all Palestinian banks to comply with the National Security Forces Command's borrowing regulations for military personnel. The attached instructions mandate that applicants must have at least two years of active service, keep total debt obligations below 50% of their salary, secure prior written approval from military financial authorities, and submit certified salary vouchers. Additionally, the document incorporates a presidential decision appointing a new National Security Forces Commander and excerpts from the Security Forces Service Law outlining appointment authorities and tenure limits.
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