Consumer Loan Policy Update

Consumer Loan Policy Template Update Detail - 02/22/07

What's Revised

Topic 12 - Overdraft Protection. Includes the following subtopics, including guidance related to DDA lines of credit and courtesy overdraft limits:

General

Risk Management Overview

Legal Risks

Risk Management Program

Product Features

Underwriting Minimums

Topic 16 - The Servicemembers Civil Relief Act Reference. Includes the following subtopics:

General

Verification of Military Service

Exercise of Rights

Dependents and Persons Secondarily Liable

Rate of Interest

Installment Contracts and Leases

Mortgages and Trust Deeds

Mortgage Default and Foreclosure Rights Notice Requirements

Reduction of Monthly Payments on FHA Insured Loans

Section 235 Mortgage Insurance and Assistance Payments Program

HUD Relief Provisions for Servicemembers

Loss Mitigation

Claims for FHA Insurance Benefits

Reimbursement of Issuers for Interest Shortfalls on Eligible Loans in Ginnie Mae Mortgage Backed Securities

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 - (2 pages)

Ordering Information

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

$325.00 - List Price

- or -

$100.00* - Update Price

*Applies only to clients who have purchased our Consumer Loan Policy Template within the last three years.

If you have ordered this product after 01/22/07 you are eligible to receive the updated product 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.