Non-Accrual/Charged-Off Loan Policy Update Details

Product Update Notification - 06/07/10

Non-Accrual and Charged-Off Loan Policy Update Details

What's New

Topic 8 - Troubled Debt Restructuring and Loan Workout Programs. Includes the following subtopics:

General

Interest Income

Commercial Real Estate Loan Workout Program

Residential Real Estate Loan Workout Program

Accounting Considerations

Loans to One Borrower

Classification

Topic 13 - Staff Training. Provides sample guidance for the periodic training of senior management and other financial institution personnel.

What's Revised

Topic 2 - Policy Statement. The "General" subtopic was completely revised.

Topic 3 - Special Assets Committee. A new subtopic entitled "Protecting Tenants at Foreclosure Act Policy Statement" was added.

Topic 7 - Impaired Loan Identification. The "Troubled Debt Restructuring" subtopic was deleted (now Topic 8).

Ordering Information

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

$275.00 - List Price

- or -

$100.00* - Update Price

*Applies only to clients who have purchased the Non-Accrual and Charged-Off Loan Policy Template within the last three years.

If you have ordered this product after 05/07/10 you are eligible to receive the product update at no charge.

Click here to place an order for any of these products. The appropriate Legacy Rewards Volume Discount will be applied to the update or list price for clients who are eligible.

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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