The Amendment to the Communiqué regarding Financial Leasing and Reserves to be set aside by Factoring and Financing Companies (published in the Official Gazette date June 18, 2011 and numbered 27968) states that factoring and financing companies shall cover a loan reserve in the amount of four per cent (4%) of the loans extended under consumer credits, excluding vehicle and housing loans. Also, such rate shall be increased to eight per cent (8%) in the case of default on the repayment of the principal and/or interest pertaining to such loans if such default exceeds 30 days but is less than 90 days.

Additionally, a provisional clause has been implemented in the Communiqué imposing measures on the receivables of factoring and financing companies arising from transactions entered into with real or legal entities resident in Libya.