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Loan Policies Manual

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ISBN: 9780769878324
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Sheshunoff®'s Loan Policies Manual is a comprehensive credit policy manual for all lending activities throughout your organization. The manual focuses on reducing risk and gives you sample lending policies that will satisfy your regulators. By identifying weaknesses and controlling risky underwriting practices, you can avoid undue attention during on-site examinations. Even if you already have lending policies in place, this guide is useful to make sure everything is complete.

The manual covers:

•  General lending standards
•  Consumer lending
•  Residential mortgage lending
•  Commercial real estate and construction lending
•  Non-real estate business lending
•  Specialized lending and credit extensions
•  Customer verification and authentication requirements
•  Workout credits and problem assets
•  Risk assessment and management
•  Processing loans over the Internet
•  Applicable laws and regulations

Sample policies make it easy for you to customize documents and distribute them to loan officers. The risk tolerance and strategic objectives of the institution can also be tailored into your own written policies.

Subscribers will receive a downloadable file containing editable forms

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Table of Contents

PART 1: GENERAL LENDING STANDARDS

Section 1.1 Fundamental Principles of Credit Policy

Section 1.2 Role of Board of Directors and Directors’ Loan Committee

Section 1.3 Lending Limits and Credit Approval Authorities

Section 1.4 Exceptions to the Financial Institution’s Written Policies

Section 1.5 Guarantees

Section 1.6 Real Estate Appraisals

Section 1.7 Concentration Management

Section 1.8 Environmental Guidelines

Section 1.9 Insurance

Section 1.10 Obtaining and Releasing Commercial Credit Information

Section 1.11 Underwriting and Servicing

Section 1.12 Financial Statements

Section 1.13 Insider Lending

Section 1.14 Lending Risk Management

Section 1.15 Commitment Letters

Section 1.16 Documenting Specific Types of Loans

Section 1.17 Out of Territory Lending

Section 1.18 Source of Repayment

Section 1.19 Subordinated Debt

PART 2: CONSUMER LENDING

Section 2.1 General Guidelines for Underwriting Consumer Credit

Section 2.2 Consumer Revolving Credit Products

Section 2.3 Direct Consumer Installment Lending

Section 2.4 Home Equity and Home Improvement Lending

Section 2.5 Consumer Loan Extensions, Modifications, and Collections

Section 2.6 Lending to the Affluent

Section 2.7 Servicemembers Civil Relief Act

PART 3: RESIDENTIAL MORTGAGE LENDING

Section 3.1 Residential Mortgage Lending

Section 3.2 Automated Residential Mortgage Underwriting and Origination

Section 3.3 Construction Lending for Residential Real Estate

PART 4: COMMERCIAL REAL ESTATE AND CONSTRUCTION LENDING

Section 4.1 General Guidelines for Commercial Real Estate Lending

Section 4.2 Land Loans

Section 4.3 Loans for Acquisition and Development Projects

Section 4.4 Construction Lending

Section 4.5 Revolving Lines for Home Construction

Section 4.6 Long-Term Lending on Commercial Real Estate

Section 4.7 Lending for Low-Income Housing

Section 4.8 Real Estate Loans for Convenience Stores/Gas Stations

PART 5: NON-REAL ESTATE COMMERCIAL LENDING

Section 5.1 Participations and Transactions with Affiliates

Section 5.2 Lending on Accounts Receivable and Inventory

Section 5.3 Equipment Lending and Lease Financing

Section 5.4 Letters of Credit

Section 5.5 Small Business Administration Loans

Section 5.6 Indirect Lending

Section 5.7 North American Industry Classification System

Section 5.8 Lending to Small Businesses

PART 6: SPECIALIZED LENDING AND CREDIT EXTENSIONS

Section 6.1 Other Unique Types of Borrowers

Section 6.2 Lending on Stocks and Bonds

Section 6.3 Other Uniquely Collateralized Loans

Section 6.4 Overdrafts

Section 6.5 ACH and Daylight Overdraft Transactions

Section 6.6 Credit Scoring for Consumer and Small Business Loans

Section 6.7 Lending to Equipment Leasing Companies

Section 6.8 Lending to Contractors

Section 6.9 Agricultural Lending

Section 6.10 Dealer Floorplan Lending

Section 6.11 Lending on Oil and Gas Production

Section 6.12 Lending for Mortgage Warehousing

Section 6.13 Lending to Trusts

Section 6.14 Lending to Securities Brokers and Dealers

Section 6.15 Internet Lending Policy

Section 6.16 Lending to Nonprofit Organizations

Section 6.17 Merchant Services

Section 6.18 Money Service Businesses

Section 6.19 Lending to Homeowners Associations

Section 6.20 Lending to Governmental Entities

PART 7: CUSTOMER VERIFICATION AND AUTHENTICATION REQUIREMENTS

Section 7.1 Sample Customer Identification Program

Section 7.2 Sample Bank Secrecy Act Policy

Section 7.3 Risk-Based Analysis for CIP Programs

Section 7.4 Identity Theft and Pretext Calling

PART 8: WORKOUT CREDITS AND PROBLEM ASSETS

Section 8.1 Administration of Workout Credits and Problem Assets

Section 8.2 Nonaccrual Status

Section 8.3 Charge-Offs

Section 8.4 Other Real Estate (ORE)

Section 8.5 Specialized Topics in Workout Lending

Section 8.6 Capitalization of Interest

Section 8.7 Impaired Loans

Section 8.8 Actions and Strategies in Workout Credit Relationships

Section 8.9 Workout of Commercial Real Estate Loans

Section 8.10 Bankruptcy

Section 8.11 Foreclosures

PART 9: RISK ASSESSMENT AND MANAGEMENT

Section 9.1 Credit Review

Section 9.2 Loan Grading

Section 9.3 Allowance for Loan and Lease Losses

Section 9.4 Loans Over the Internet

Section 9.5 ACH Risk Management

Section 9.6 Interest Rate Derivatives

Section 9.7 Automated Credit Facilities Linked to Demand Deposit Accounts

PART 10: PROCESSING LOANS OVER THE INTERNET

Section 10.1 Loan Advertising on the Internet

Section 10.2 Posting of Regulatory Notices

Section 10.3 Loan Applications

Section 10.4 Processing Internet Loan Applications

Section 10.5 Closing Loans in an Internet Banking Environment

Section 10.6 Servicing Loan Accounts Over the Internet

Section 10.7 Loan Error Resolution

PART 11: APPLICABLE LAWS AND REGULATIONS

Section 11.1 Applicable Laws and Regulations

Section 11.2 Privacy Rule

Section 11.3 Regulation B (Equal Credit Opportunity Act)

Section 11.4 Fair Credit Reporting Act

Section 11.5 Bankruptcy Reform: Significant Implications for Financial Institutions

Section 11.6 Customer Identification and BSA Compliance Programs and Requirements