Other Real Estate Owned (OREO/REO) Policy - $175.00


The purpose of this Other Real Estate Owned (OREO/REO) Policy Template is to address how a bank, credit union, or other type of financial institution properly disposes its Other Real Estate Owned (“OREO” or "REO") properties in a manner which is expeditious and maximizes the potential value of such properties in accordance with all related laws, rules and regulations.

Table of Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2
Regulatory Overview - Topic 3
Special Assets Department Responsibilities - Topic 4
Management of Properties - Topic 5
Property Disposition Alternatives - Topic 6
Accounting - Topic 7
Expenses, Taxes and Insurance - Topic 8
Credit Risk Rating Assignment - Topic 9
Audit Policy - Topic 10
Staff Training - Topic 11
Retention of Documentation - Topic 12

Recent updates to this product:
07/02/18 Update
Federal Reserve Consumer Affairs Letter CA 18-4 - Restoration of Protecting Tenants at Foreclosure Act of 2009
01/02/18 Update
National Defense Authorization Act for Fiscal Year 2018
05/02/16 Update
Foreclosure Relief and Extension of Servicemembers Act of 2015

This Other Real Estate Owned Policy Template (approximately 43 pages) is available to purchase from in Microsoft® Word format for $175.00.

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