Product Update Notification - 04/16/12

New Policy Templates

Mortgage Acts and Practices - Advertising Policy Template - NEW!
Mortgage Assistance Relief Services Policy Template - NEW!

The release of these new products is in response to the CFPB's Federal Register Notice dated December 16, 2011 entitled "Mortgage Acts and Practices-Advertising (Regulation N); Mortgage Assistance Relief Services (Regulation O)" that announces an interim final rule establishing a new Regulation N and Regulation O.

Revised Policy Templates

Fair Credit Reporting Act Policy Template
Identity Theft Program Policy Template

The update to these products is in response to guidance issued by the CFPB entitled "Transfer of Rule Making Authority - Fair Credit Reporting Act" dated  12/21/11 which transfers rule making authority to the Consumer Financial Protection Bureau.  In addition, these updated products contain guidance in response to the CFPB Announcement entitled "A Guide to CFPB's Supervision" issued on October 13, 2011 that provides a guide for bureau examiners to use in overseeing companies that provide consumer financial products and services.

Loan Loss Reserve (ALLL) Policy Template
Non-Accrual and Charged-Off Loan Policy Template

The update to these products is in response to the OCC Bulletin OCC 2012-10 entitled "Troubled Debt Restructurings - Supervisory Guidance on Accounting and Reporting Requirements" dated April 5, 2012 that addresses many inquiries received from bankers and examiners on the accounting and reporting requirements for troubled debt restructurings (TDRs), especially related to loan renewals and extensions of substandard commercial loans.

What's New, Revised and Deleted

Please visit the following pages to review detailed subject matter for new, revised and deleted topics for these products:

Fair Credit Reporting Act Policy Template Update Details
Identity Theft Program Policy Template Update Details
Loan Loss Reserve (ALLL) Policy Template Update Details
Non-Accrual and Charged-Off Loan Policy Template Update Details

Ordering Information

These products are available to purchase from Bankpolicies.com for:

Mortgage Acts and Practices - Advertising Policy Template

$50.00 - List Price

Mortgage Assistance Relief Services Policy Template

$75.00 - List Price

Fair Credit Reporting Act Policy Template

$425.00 - List Price
- or -
$50.00* - Update Price

*Applies only to clients who have purchased the Fair Credit Reporting Act Policy Template within the last three years in addition to the following prior updates (if applicable):

Identity Theft Program Policy Template

$275.00 - List Price
- or -
$25.00* - Update Price

*Applies only to clients who have purchased the Identity Theft Program Policy Template within the last three years.

Loan Loss Reserve (ALLL) Policy Template

$275.00 - List Price
- or -
$25.00* - Update Price

*Applies only to clients who have purchased the Loan Loss Reserve (ALLL) Policy Template within the last three years in addition to the following prior updates (if applicable):

Non-Accrual and Charged-Off Loan Policy Template

$325.00 - List Price
- or -
$50.00* - Update Price

*Applies only to clients who have purchased the Non-Accrual and Charged-Off Loan Policy Template within the last three years in addition to the following prior updates (if applicable):

If you have ordered any of these products after 03/16/12 you are eligible to receive that 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.

Find Out What's New or Revised with our Product Update Program

Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product. We encourage you to subscribe today for this free and convenient service.

Additional information