Home > Product Update Notification - 05/09/11

Product Update Notification - 05/09/11

New Policy Template

Model Risk Management Program Policy - NEW!

This new product was developed in response to OCC Bulletin 2011-12 entitled "Supervisory Guidance on Model Risk Management" dated April 4, 2011.  This guidance, developed jointly with the Board of Governors of the Federal Reserve System, articulates the elements of a sound program for effective management of risks that arise when using quantitative models in bank decision making.

http://www.occ.gov/news-issuances/bulletins/2011/bulletin-2011-12.html

Revised Policy Templates

Overdraft Policy Template

The update to this product is in response to the FDIC FAQ entitled "Overdraft Payment Program Supervisory Guidance - Frequently Asked Questions" dated April 1, 2011.  The guidance in response to questions from supervised institutions and third party vendors about the FDIC's Overdraft Payment Supervisory Guidance issued in November 2010 (FIL-81-2010). The responses represent the views and opinions of FDIC staff regarding incorporation of the guidance into the examination process.

http://fdic.gov/news/conferences/overdraft/FAQ.html

Real Estate Loan Policy Template

The update to this product is in response to the FinCEN Press Release entitled "Commercial Real Estate Fraud Analysis and Advisory" dated March 30, 2011.  The guidance is to assist financial institution efforts to help law enforcement target this type of fraudulent activity.  In addition, the guidance provides some examples of common commercial real estate fraud (CREF) schemes and also suggests financial institutions use the term "CREF" when completing SAR narratives involving potential commercial real estate fraud.

http://www.fincen.gov/news_room/nr/html/20110330.html

We also added or enhanced several subtopics within the product at the request of numerous clients.

What's New and Revised

Please visit the following pages of our website to review detailed subject matter regarding new and revised topics for these products:

Overdraft Policy Template Update Details
Real Estate Loan Policy Template Update Details

Ordering Information

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

Model Risk Management Program Policy Template

$150.00 - List Price

Overdraft Policy Template

$200.00 - List Price
- or -
$25.00* - Update Price

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

Real Estate Loan Policy Template

$475.00 - List Price
- or -
$50.00* - Update Price

*Applies only to clients who have purchased the Real Estate 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 04/09/11 you are eligible to receive that updated product 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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Additional information