Reg Q, ALLL, OREO, RE Loan Policy Updates

Product Update Notification - 07/13/09

Revised Loan Loss Reserve (ALLL) Policy Template

Loan Loss Reserve (ALLL) Policy Template

The update to this product is in response to the OTS Executive Letter #304 entitled "ALLL - Observed Thrift Practices Including Sound Practices." The purpose of this guidance is to provide sound practices in the ALLL estimation process.

http://files.ots.treas.gov/25304.pdf

Revised Other Real Estate Owned Policy Template

Other Real Estate Owned Policy Template

The update to this product is in response to the OCC's Community Developments Insights publication that provides guidance for suitable and innovative solutions to move OREO properties as quickly as possible.

http://www.occ.treas.gov/cdd/Insights-PropertyDisposition.pdf

Revised Real Estate Loan Policy Template

Real Estate Loan Policy Template

The update to this product is in response to the Federal Reserve Press Release entitled "Federal Financial Regulatory Agencies Issue Statement in Support of the "Making Home Affordable" Loan Modification Program." The purpose of this release is to provide detailed program guidelines for foreclosure alternatives and home price decline protection incentives.

http://www.federalreserve.gov/newsevents/press/bcreg/20090304a.htm

What's New, Revised and Deleted

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

Loan Loss Reserve (ALLL) Policy Template Update Details

Other Real Estate Owned Policy Template Update Details

Real Estate Loan Policy Template Update Details

Ordering Information

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

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 including the following update (if applicable):

Loan Loss Reserve (ALLL) Policy Template Update - 01/23/07 - $50.00

Other Real Estate Owned Policy Template

$175.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased the Other Real Estate Owned Policy Template within the last three years including the following updates (if applicable):

Other Real Estate Owned Policy Template Update - 07/08/08 - $25.00

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

Real Estate Loan Policy Template

$475.00 - List Price

- or -

$25.00* - Update Price

*Applies only to clients who have purchased the Real Estate Loan Policy Template within the last three years including the following updates (if applicable):

Real Estate Loan Policy Template Update - 04/06/09 - $75.00

Real Estate Loan Policy Template Update - 01/20/09 - $100.00

Real Estate Loan Policy Template Update - 08/26/08 - $50.00

Real Estate Loan Policy Template Update - 04/01/08 - $25.00

Real Estate Loan Policy Template Update - 07/17/07 - $100.00

Real Estate Loan Policy Template Update - 01/09/07 - $150.00

If you have ordered any of these products after 06/13/09 you are eligible to receive that updated product at no charge.

Click here to place an order for any of these products. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price of each product (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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