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General Loan Policy Template Update Detail - 04/17/07 What's New Topic 7 - General Credit Underwriting Guidelines. Includes the following subtopics: General Consumer Loan Types Commercial Loan Types Real Estate Loan Types Undesirable Loan Types Consumer Loan Application Process Commercial Loan Application Process Financial Analysis Evaluating a Closely Held Business Financial Statements Loan Presentation Continuing Guarantees Topic 12 - Environmental Risk Policy Reference. Provides a brief policy summary statement and reference to a financial institution's formal environmental risk policy, including the following subtopics: General Responsibility Program Overview Topic 19 - Loan Loss Reserve Policy Reference. Provides a brief policy summary statement and reference to a financial institution's formal loan loss reserve policy. Topic 24 - Other Real Estate Loan Policy Reference. Includes the following subtopics: General Regulatory Overview Holding Period Appraisal Requirements Authority to Expend Funds Efforts and Opportunities to Dispose of OREO Topic 25 - Staff Training. Provides sample guidance for the periodic training of lending personnel. Topic 26 - Retention of Documentation. Provides sample guidance for the retention of loan documentation. What's Revised Topic 2 - Policy Statement. Includes the following subtopics: General Regulatory Compliance Asset Allocation Market Conditions Loan Pricing Loan Fees Insider and Affiliate Credits Non-Discrimination Policy Geographic Area Coverage Enforcement Exceptions to Policy Topic 3 - Lending Authority and Responsibility. Includes the following subtopics: Board of Directors and Senior Management Loan Committee Special Lending Authority Chief Credit Officer Note Department Loan Officers Compliance Officer Credit Review Examination Report Requirements Topic 6 - Portfolio Diversifications and Concentrations. Formerly named "Loan Types and Portfolio Requirements", this new topic focuses on a financial institution's desired loan portfolio diversification. Topic 11 - Appraisal Policy Reference. Formerly Topic 15 (Real Estate Appraisals), this topic now provides a brief policy summary statement and reference to a financial institution's formal appraisal policy. Topic 14 - Overdraft Policy Reference. Formerly Topic 24 (Overdrafts), this topic now provides a brief policy summary statement and reference to a financial institution's formal overdraft policy. Topic 20 - Loan Grading Policy Reference. Formerly Topic 21 (Loan Grading), this topic now provides a brief policy summary statement and reference to a financial institution's formal loan grading policy. Topic 21 - Loan Review Policy Reference. Formerly Topic 22 (Credit Review System), this topic now provides a brief policy summary statement and reference to a financial institution's formal loan grading policy. Click here to continue for additional changes to this product. |
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