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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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