Other Real Estate Owned Policy Update

Product Update Notification

Other Real Estate Owned Policy Template Update - 07/08/08

Bankpolicies.com is proud to announce the immediate availability of our revised Other Real Estate Owned Policy Template product.

This update is in response to FDIC Financial Institution Letter 62-2008 "Guidance on Other Real Estate" dated July 1, 2008 which reminds bank management of the importance of developing and implementing policies and procedures for acquiring, holding, and disposing of other real estate owned (OREO).

http://www.fdic.gov/news/news/financial/2008/fil08062.html

What's Revised and Deleted

Click here to review detailed subject matter regarding this updated product.

Product Contents

Purpose and Contents - Topic 1

Policy Statement - Topic 2

Regulatory Overview - Topic 3

Loan Officer Responsibilities - Topic 4

Management of Properties - Topic 5

Property Operations - Topic 6

File Maintenance - Topic 7

Reporting and Monitoring - Topic 8

Accounting - Topic 9

Expenses, Taxes and Insurance - Topic 10

Audit Policy - Topic 11

Retention of Documentation - Topic 12

Ordering Information

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

$125.00 - List Price

- or -

$25.00* - Update Price

*Applies only to clients who have purchased our Other Real Estate Owned Policy Template within the last three years in addition to the following prior update (if applicable):

Other Real Estate Owned Policy Template Update - 02/20/08 - $25.00

If you have ordered this product after 06/08/08 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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