General Loan Policy Update

Product Update Notification - 04/17/07

General Loan Policy Template Update Detail

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.

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