Commercial Loan Policy Update

Commercial Loan Policy Template Update Detail - 03/20/07

What's New

Topic 3 - Definitions. Several commercial lending definitions were added.

Topic 4 - Responsibility. Includes the following subtopics:

Board of Directors and Senior Management

Loan Committee

Chief Credit Officer

Commercial Loan Department

Loan Officers

Compliance Officer

Credit Review Examination Report Requirements

Topic 22 - Agricultural Loans. Includes the following subtopics:

General

Loan Types and Maturities

General Underwriting Guidelines

Loan Administration and Oversight

Risk Classification Standards

Topic 23 - Audit Policy. Provides sample guidance for internal and external lending audit arrangements.

Topic 24 - Staff Training. Provides sample guidance for the periodic training of lending personnel.

Topic 25 - Retention of Documentation. Provides sample guidance for the retention of commercial loan documentation.

What's Revised

Topic 2 - Policy Statement. Includes the following new subtopics:

General

Operational Program Management and Servicing

Regulatory Compliance

Asset Allocation

Portfolio Diversification and Concentrations

Market Conditions

Lending Limits

Loan Pricing

Loan Fees

Insider and Affiliate Credits

Non-Discrimination Policy

Geographic Area Coverage

Enforcement

Exceptions to Policy

Topic 5 - General Credit Underwriting Guidelines. Includes the following subtopics:

General

Desirable Loan Types

Undesirable Loan Types

Application Process

General Underwriting Guidelines

Credit Analysis Process

Guaranties

Policy Exception Reporting

Environmental Hazards

Commitments

Loan Agreements

Loan Officer Responsibilities

Regulations

Terms and Repayment

Joint Applications

Approval or Denial

Problem Loans and Collection

Renewals and Special Reviews

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