Beirut: Finance Minister, Yassine Jaber, and Housing Bank Chairman, Antoine Habib, signed a Memorandum of Understanding to establish electronic linkage between the Ministry of Finance and the Housing Bank. This agreement will enable direct access to 'non-ownership' certificates from the Directorate of Land Registry and Cadastre.
According to National News Agency - Lebanon, the signing ceremony took place at the minister's office. The event was attended by the Director General of Finance, the Director General of Land Registry George Maarawi, and members of the bank's board. This initiative is aimed at streamlining the verification process for property loans.
Habib emphasized that the agreement allows the bank to obtain the non-ownership certificate electronically and without any fee, thereby facilitating the loan process for applicants. He highlighted that the new system will be operational starting tomorrow, making the process more efficient for those seeking loans.
Additionally, Habib mentioned that other necessary documents, such as property certificates, can initially be retrieved online by applicants or money transfer companies. These documents will later need to be formalized through official channels to complete the process.
Habib also outlined ongoing collaboration with regional development funds, mentioning an upcoming visit to the Qatar Fund for Development in April, indicating the bank's efforts to strengthen regional partnerships.