Consumer Loan Policy Update Details

Product Update Notification - 09/09/08

Consumer Loan Policy Template Update Details

What's Revised

Topic 16 - The Servicemembers Civil Relief Act Reference. The following subtopics were revised:

Verification of Military Service - Four new paragraphs were added to the beginning of this subtopic.

Limitations on Terms of Consumer Credit Extended to Servicemembers and Dependents - The following changes were made:

· Two new paragraphs and four bullet points were added to pages 40 and 41.

· Bullet points 3. and 4. were revised on page 41.

· A "covered borrower" paragraph and two bullet points were added on page 42.

· Bullet points 3. C. and 3. D. were revised on page 43.

· Bullet points 4. A. and 4. B. were revised on page 43.

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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