General Loan Policy Update Details

Product Update Notification - 11/16/09

What's Revised

Topic 2 - Policy Statement. The bullet points and final paragraph of the "General" subtopic were revised.

Topic 6 - Portfolio Management, Diversification and Concentrations. Formerly entitled "Portfolio Diversifications and Concentrations", a new subtopic entitled "General" was added. In addition, the follow changes were made to the "Portfolio Diversification and Concentrations" subtopic:

New paragraphs two - five, related chart and note summary were added.

A new paragraph and subsequent bullet points 1-4 were added prior to the final two paragraphs.

Topic 7 - General Credit Underwriting Guidelines. The following subtopics were revised:

General - New second paragraph and subsequent bullet points.

Consumer Loan Types - Entire contents.

Commercial Loan Types - Entire contents.

Real Estate Loan Types - Entire contents.

Desirable Loan Types - Entire contents.

Undesirable Loan Types - Entire contents.

Topic 11 - Appraisal Policy Reference. The entire contents were revised.

Topic 18 - Loan File Administration. The entire contents of the "Definition" subtopic were completely revised.

Topic 24 - Other Real Estate Owned Policy Reference. A new subtopic entitled "Fiduciary Responsibilities to Investors" was added. In addition, the entire contents of the following subtopics were revised:

General

Regulatory Overview

Holding Period

Appraisal and Classification Requirements

Authority to Expend Funds

Efforts to Dispose of OREO

Opportunities to Dispose of OREO Properties

Ordering Information

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

$375.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased the General Loan Policy Template within the last three years including the following update (if applicable):

General Loan Policy Template Update - 04/17/07 - $100.00

If you have ordered this product after 10/16/09 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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