On August 6, 2021, an amendment to the General Provisions Applicable to Credit Institutions (the "CUB") was published in the Official Gazette of the Federation, in order to incorporate loans for the acquisition of housing granted by housing development agencies with co-financing from credit institutions, including loans for the acquisition of housing in the calculation of capital for credit risk of the housing mortgage loan portfolio.

In this regard, the CUB establishes that the risk of housing mortgage loans will be materialized mainly by direct loans in any currency, as well as the interest generated by such loans, granted to individuals and intended for the acquisition of land for the purpose of housing construction, acquisition, construction, self-production, remodeling or improvement of housing without the purpose of commercial speculation, as well as liquidity loans guaranteed by the borrower's home.

Finally, the CUB states that in these cases, certain information must be collected, maintained and updated for the file of the credit institution in question, being mainly: (i) for the execution of the credit operation, the credit application, the credit information report, the credit agreement, among others; (ii) for the identification of the borrower and its guarantors, the copy of the identifications and proof of address and income; and (iii) for the guarantees, an insurance policy in favor of the credit institution, when so required.

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