Regulatory Alerts2021-04-16 | DOF 5616092Added · Updated
Resolution modifying the General Provisions applicable to development agencies and development entities
The National Banking and Securities Commission amends the General Provisions applicable to development agencies and entities to incorporate new housing products offered by INFONAVIT and FOVISSSTE, including land acquisition, self-construction, remodeling, and refinancing. The resolution updates definitions in Article 1, adjusts reserve requirements and loss severity calculations in Articles 111 and 113, and revises accounting criteria in Annex 38. It also substitutes Annex 16 to specify the documentation and information required for housing mortgage credit files. These changes take effect the day following publication in the Official Gazette of the Federation.