Final Revised Guideline B-20

On July 6, 2017, OSFI published a revised draft of Guideline B-20 – Residential Mortgage Underwriting Practices and Procedures.  The comment period for the draft ended on August 17 and today OSFI is publishing the final version of the guideline, which comes into effect on January 1, 2018.

OSFI received over 200 submissions from stakeholders and the public following the release of the draft.  The Annex attached to this letter summarizes these submissions and OSFI’s response; thank you to everyone who provided comments.

Lead Supervisors will be in touch with FRFI’s to discuss their respective implementation plans and to address any specific questions. OSFI is also planning information seminars for FRFI’s later this fall. Details will follow.

Carolyn Rogers 
Assistant Superintendent
Regulation Sector





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