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  Jamaica Mortage Bank (JMB)
  The Jamaica Mortgage Bank was established on June 2, 1971, as a private limited liability company under the Companies Act of 1965 with an authorized share capital of $5 million.

On June 5, 1973, under Act of Parliament No. 16 of 1973, the Bank was converted into a Statutory Corporation. The authorized, issued and fully paid-up share capital of the Bank is at present $100 million.

Web Site: http://www.jamaicamortgagebank.com

Fines y Objetivos 

The main functions of the bank are: 

The mobilization of loan funds for on-lending to public and private sector housing developers and to other lending institutions; 
The operation of a secondary mortgage market facility; 
The provision of Mortgage Insurance services as set out in the Mortgage Insurance Law No. 26 of 1960, whereby inter alia loans which are made to purchasers of residential dwellings are insured. 
In order to increase its scope of activities the JMB may carry out the following functions: 

Guarantee loans made from private investment sources for building development; 
Sell investments of whatever kind belonging to the Bank as and when appropriate; 
Lend money on security to be used for the construction of premises for private residential purpose or of a commercial or industrial nature; 
Lend money on mortgage and carry out any other transactions involving mortgages; 
Furnish financial advice and provide or assist in obtaining managerial technical and administrative services for persons engaged in building development in Jamaica. 




Mr. Peter E. Thomas
Jamaica Mortgage Bank (JMB)
33 Tobago Avenue
P.O. Box 950. Kingston 5, Jamaica, W.I.
Telf: (876) 929-6350/2 
Fax: (876) 968-5428
E-mail: jmb@cwjamaica.com




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