Consumer Loan Policy Update

Product Update Notification - 09/09/08

Consumer Loan Policy Template Update

Bankpolicies.com is proud to announce the immediate availability of our revised Consumer Loan Policy Template product.

This update is in response to the Federal Reserve Board Press Release entitled "Interagency Examination Procedures for the Department of Defense's Final Rule on Limitations on Consumer Credit Extended to Service Members and Dependents" dated July 31, 2008. This release announces examination procedures to be used when determining compliance with regulations issued by the Department of Defense regarding limitations on consumer credit extended to service members and dependents.

http://www.federalreserve.gov/boarddocs/caletters/2008/0804/caltr0804.htm

What's Revised

Click here to review detailed subject matter regarding this updated product.

Product Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2

Definitions - Topic 3

Responsibility - Topic 4

General Credit Underwriting Guidelines - Topic 5

Unsecured Term Loans - Topic 6

Revolving Lines of Credit - Topic 7

Home Improvement and Home Equity Loans - Topic 8

Vehicle Loans - Topic 9

Boat/RV/Trailer Loans - Topic 10

Motorcycle and ATV Loans - Topic 11

Overdraft Protection - Topic 12

Savings/TCD Secured Loans - Topic 13

Employee Consumer Loan Processing Procedures - Topic 14

Small Dollar Loan Program - Topic 15

The Servicemembers Civil Relief Act Reference - Topic 16

Audit Policy - Topic 17

Staff Training - Topic 18

Retention of Documentation - Topic 19

Includes the following form templates:

Consumer Loan Override Request - (1 page)

Loan Presentation - Consumer - (1 page)

Servicemembers Civil Relief Act Notice (3 pages)

Ordering Information

This product is available to purchase from Bankpolicies.com for:

$325.00 - List Price

- or -

$25.00* - Update Price

*Applies only to clients who have purchased our Consumer Loan Policy Template within the last three years in addition to the following prior updates (if applicable):

Consumer Loan Policy Template Update - 09/25/07 - $25.00

Consumer Loan Policy Template Update - 02/22/07 - $100.00

If you have ordered this product after 08/09/08 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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