Regulatory Alerts2016-01-01
Circular No. 109/2016: Amendment to Instructions No. 5-2016 Regarding Housing Loans and Real Estate Financing
The Palestine Monetary Authority issued Circular No. 109/2016 to amend Instructions No. 2016/5 governing housing loans and real estate financing. The revision authorizes banks and specialized lenders to extend residential financing or a second mortgage to the same borrower, permitting a financing ratio above 40% of the appraised property value for joint loans where one partner holds no existing housing finance or mortgage. Institutions must circulate this directive to relevant staff, with the amendment becoming effective immediately upon publication.
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