Flooring Lines of Credit Policy - $175.00
The purpose of this Flooring Lines of Credit Policy Template is to address flooring lines of credit loan products, underwriting, and related lending operations of a bank, credit union, or other type of financial institution. In general, floor plan lending is a form of inventory financing for a dealer of consumer or commercial goods in which each loan advance is made against a specific piece of collateral. Items commonly financed through a floor plan credit facility are automobiles, trucks, recreational vehicles, boats, construction equipment, agricultural equipment, manufactured homes, snowmobiles, large home appliances, furniture, television and audio equipment, or other types of merchandise sold under a sales finance contract.
Table of Contents
Purpose and Contents - Topic 1
Policy Statement - Topic 2
Definitions - Topic 3
Risk Management - Topic 4
Program Administration - Topic 5
Lending Agreements and Loan Structure - Topic 6
General Underwriting Guidelines - Topic 7
Credit Risk Rating Assignment - Topic 8
Audit Policy - Topic 9
Staff Training - Topic 10
Retention of Documentation - Topic 11
This Flooring Lines of Credit Policy Template (approximately 23 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.
Mix and Match Volume Pricing
Would you like to mix and match multiple policies, procedures or job descriptions and receive a special volume discount? Click here to see how much you can save.
Click here if you are a new financial institution client and are interested in receiving a sample version of a product by e-mail attachment.