Other Policy Template Update Details

Product Update Notification - 07/25/11

Appraisal Policy Template - Topic 6 (Transactions That Require Appraisals or Evaluations): The first paragraph of the "Appraisals" subtopic was revised.

Asset, Liability and Liquidity Management Policy Template - Topic 6 (Financial Performance Objectives and Reporting): The bolded notation and subsequent paragraph was revised.

Audit Policy Template:

Topic 5 (Financial Reporting and Annual Reporting Requirements) - The second paragraph of the "General" subtopic was revised.

Topic 7 - Filing and Notice Requirements - Bullet point 4 (OTS) was deleted.

Topic 12 - Limitation of Liability Provisions in External Audit Engagement Letters - First paragraph and bullet point 3 of the "Auditor Independence" subtopic was revised.

Bank Secrecy Act Policy Template:

Topic 17 (Foreign Bank and Financial Accounts Reporting) - Bullet point 3A of the "Definitions" subtopic was revised.

Topic 19 (OFAC Policy) - Bullet point 4 of the "Definitions" subtopic was revised. In addition, bullet point 3D of the "Screening and Blocking Processes" was revised.

Branch Closing Policy Template - Topic 4 (Definitions): The paragraph after bullet point 9C was revised.

Commercial Loan Policy Template - Topic 2 (Policy Statement): The bolded notation and following paragraph within the "Portfolio Management" subtopic were revised.

Community Reinvestment Act Policy Template - Topic 12 (Data Collections, Reporting and Disclosure): The first paragraph of the "Aggregate Disclosure Statements' subtopic was revised.

Complaint Policy Template - Topic 4 (Federal Regulator Complaint Submission References): The "Office of Thrift Supervision" subtopic was deleted.

Compliance Management Policy Template - Topic 10 (Complaint Policy): Bullet point 5 (Office of Thrift Supervision) within the "Federal Regulator Complaint Submission References" subtopic was deleted.

Flood Disaster Protection Act Policy Template - Topic 3 (Definitions): Bullet point 9 (Federal Entity for Lending Regulation) was revised.

General Loan Policy Template:

Topic 6 (Portfolio Management, Diversification and Concentrations) - The bolded notation and following paragraph within the "Portfolio Diversification and Concentrations" subtopic was revised.

Topic 24 (OREO Policy Reference) - The bolded notation and following paragraph within the "Holding Period" subtopic was revised.

Human Resources General Policy Template - Topic 19 (SAFE Act Policy): Bullet point 6 (OTS Regulated) within the "Applicability" subtopic was deleted.

Human Resources Salary Administration Policy Template - Topic 4 (Incentive Compensation Policy): Bullet point 1 within the "Applicability" subtopic was revised.

Loan Loss Reserve (ALLL) Policy Template - Topic 4 (Uniform Policy Guidelines): The paragraph preceding the second bullet point 1 and last paragraph within the "Classification and Treatment of Retail Credit" subtopic were revised.

Office or Foreign Assets Control Policy Template:

Topic 4 (Definitions) - Bullet point 4 (Banking Regulator) was revised.

Topic 7 (Screening and Blocking Processes) - Bullet point 4 (Politically Exposed Persons) within the "Detection and monitoring System" was revised.

Other Real Estate Owned Policy Template - Topic 3 (Regulatory Overview): - The bolded notation and following paragraph within the "Holding Period" subtopic was revised.

Real Estate Loan Policy Template:

Topic 2 (Policy Statement) - The bolded notation and following paragraph within the "Portfolio Diversification and Concentrations" subtopic was revised.

Topic 10 (Risk Management of Foreclosure) - Bullet point 1A within the "Streamlined Foreclosure and Loss Avoidance Procedures" subtopic was revised.

Topic 12 (Risk Management of Reverse Mortgage Products) - Bullet point 1 (Federal Trade Commission Act" within the "Related Laws and Regulations" subtopic was revised.

Topic 25 (SAFE Act Policy) - Bullet point 6 (OTS Regulated) within the "Applicability" subtopic was deleted.

Regulation P Policy Template - Topic 3 (Definitions): Bullet point 10D (Director of the Office of Thrift Supervision" was deleted.

Regulation W Policy Template - Topic 3 (Regulation W Background): The final paragraph within the "Regulation Scope" subtopic was revised.

Right to Financial Privacy Act Policy Template - Topic 3 (Definitions): Bullet point 8B (Office of Thrift Supervision) was deleted.

Risk Management of Products and Services Policy Template - Topic 6 (Risk Management): Bullet point 14 (Usurpation of Corporate Opportunity) within the "Risk Mitigation" subtopic was revised.

Secure and Fair Enforcement for Mortgage Licensing Act Policy Template - Topic 2 (Policy Statement): Bullet point 6 (OTS Regulated) within the "Applicability" subtopic was deleted.

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