Non-Accrual/Charged-Off Loan

Non-Accural and Charged-Off Loan Policy Update - 06/07/06

Bankpolicies.com is proud to announce the immediate availability of our revised Non-Accrual and Charged-Off Loan Policy Template product.

The revision to this product is in response to client suggestions that we incorporate detailed Uniform Retail Credit Classification and Account Management Policy Guidance (Uniform Policy - Topic 4) in addition to our other references to this rule throughout our product. We also added the responsibilities of the Special Assets Committee (Topic 3) in addition to other changes noted below.

What's New

Topic 3 - Special Assets Committee.

Topic 4 - Uniform Policy. Subtopics within this section are:

General

Classifications and Treatment of Retail Credit

Other Considerations for Classification

Partial Payments on Open and Closed End Credit

Re-Aging, Extensions, Deferrals, Renewals and Rewrites

Loss Reporting

Topic 11 - Audit Policy.

Topic 12 - Retention of Documentation.

What's Revised

Topic 5 - Problem Loan Guidelines. The "General" subtopic was revised to include a brief reference to loan categories that fall under a financial institution's Watch List.

Topic 8 - Watch List Addition Procedures. This section was amended to incorporate references to the Special Assets Committee and use of the Loan Grade Change Request Form Template.

Topic 10 - Charged-Off Loans. A new subtopic entitled "Charge-Off Loan Guidelines" was added to provide details with respect to the following categories:

Bankruptcies

Cash Secured Loans

Consumer Secured Loans

Commercial Unsecured Loans

Consumer Secured Loans

Consumer Unsecured Loans

Consumer Unsecured Revolving Loans

Non-Accrual Loans

Other Secured Loans

Overdrafts

Real Estate Secured Loans

Retail Credit Loans

Product Contents

Purpose and Contents - Topic 1

Policy Statement - Topic 2

Special Assets Committee - Topic 3

Uniform Policy Guidelines - Topic 4

Problem Loan Identification Guidelines - Topic 5

Problem Loan Identification Procedures - Topic 6

Impaired Loan Identification - Topic 7

Watch List Addition Procedures - Topic 8

Non-Accrual Loans - Regulatory Accounting Treatment - Topic 9

Charged-Off Loans - Topic 10

Audit Policy - Topic 11

Retention of Documentation - Topic 12

Includes the following form template:

Loan Grade Change Request (1 page)

Request for Loan Charge-Off (1 page)

Ordering Information

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

$150.00 - List Price

- or -

$50.00 - Update Price (applies only to clients who have previously purchased our Non-Accrual and Charged-Off Loan Policy Template)

If you have ordered our Non-Accrual and Charged-Off Loan Policy Template after 05/07/06 you are eligible to receive this new 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.