Lexis Nexis Loan Policies Manual
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Sheshunoff®'s Loan Policies Manual is a comprehensive credit policy manual for a commercial bank or financial institution covering all lending activities. 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
Bank loan policy examples 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 loan policies.
Subscribers will receive a downloadable file containing editable forms
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Featured Authors
Dena Somers
Dena Somers is a founding partner of Finreg Partners, a regulatory compliance and risk management firm for the banking, Fintech, and financial services industries. Drawing on more than 20 years of combined in-house and legal/consulting experience in the mortgage, consumer lending, and specialty finance sectors, Ms. Somers helps clients navigate complex regulatory and compliance challenges by providing hands-on expertise in developing and designing enterprise-wide CMS and GRC programs for banks and rapidly evolving companies in highly regulated industries, including Fintech, cannabis banking, money service businesses, and online consumer lending.
As a leading practitioner in her field, Ms. Somers provides compliance training to regional and community banks nationwide and authors numerous publications for LexisNexis in all areas of regulatory compliance for the banking industry. She has served as an expert witness in both federal and state courts and is an experienced public speaker on compliance and emerging trends, having presented before the Virginia legislature, CBS news, and industry trade associations.
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
