The mortgage regulation allows a certain amount of a lender’s approved loans to deviate from the requirements in the regulation. This quarterly quota is 10 per cent of the volume of a lender’s approved loans outside Oslo, and 8 per cent for mortgages in Oslo. In response to the COVID-19 pandemic, the Ministry of Finance increased both quotas to 20 per cent from 1 April to 30 June 2020. On 11 June, the Ministry extended the increased quotas until 30 September.