Real Estate Loan Policy Update Details

Product Update Notification - 11/16/09

What's Revised

Topic 2 - Policy Statement. The following subtopics were added:

Portfolio Management

Protecting Tenants at Foreclosure Act Policy Statement

The following subtopics were revised:

General - A new third paragraph was added the bullet points and final paragraph were revised.

Portfolio Diversification and Concentrations - New paragraphs two - five, related chart and note summary were added. In addition, a new paragraph and subsequent bullet points 1-4 were added prior to the final two paragraphs.

Topic 5 - Risk Management of Commercial Real Estate Loans. A new subtopic entitled "Loan Workout Program" was added.

Topic 12 - General Credit Underwriting Guidelines. The following subtopics were added:

Access to Legal Counsel

Documentation and Commercial Loan File Requirements

The following subtopics were revised:

General - A new first paragraph and subsequent bullet points were added.

Desirable Loan Types - Entire contents.

Undesirable Loan Types - Entire contents.

Renewals and Special Reviews - New paragraphs and bullet points were added before the final two paragraphs.

Topic 23 - Appraisal Policy Reference. Formerly entitled "Appraisal and Evaluation Program for Real Estate Loans", the entire contents were revised to reference a financial institution's formal appraisal policy.

Ordering Information

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

$475.00 - List Price

- or -

$75.00* - 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 - 07/13/09 - $25.00

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 this product after 10/16/09 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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