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:
Federal Reserve Consumer Affairs Letter CA 18-4 - Restoration of Protecting Tenants at Foreclosure Act of 2009
National Defense Authorization Act for Fiscal Year 2018
Foreclosure Relief and Extension of Servicemembers Act of 2015
This Other Real Estate Owned Policy Template (approximately 43 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.
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