Payday, Vehicle Title, and High-Cost Installment Loan Policy - $175.00
The purpose of this Payday, Vehicle Title, and High-Cost Installment Loan Policy Template is to address payday, vehicle title, and high-cost installment loan products, underwriting, and related lending operations of a bank, credit union, or other type of financial institution to provide a foundation of safe and sound credit decisions and adherence to all applicable laws, rules and regulations.
Table of Contents
Purpose and Contents - Topic 1
Policy Statement - Topic 2
Definitions - Topic 3
Risk Management - Topic 4
Scope of Coverage, Exclusions, and Exemptions - Topic 5
Underwriting Standards - Topic 6
Payment Standards - Topic 7
Information Furnishing - Topic 8
Applicability of Subprime Lending Guidance - Topic 9
Affordability and Pricing Standards - Topic 10
Principal Reduction Standards - Topic 11
Cost Feasibility Standards - Topic 12
Savings Component Standards - Topic 13
Collaboration Standards - Topic 14
Financial Education - Topic 15
Marketing - Topic 16
Application and Origination - Topic 17
Collections, Accounts in Default, and Consumer Reporting - Topic 18
Third Party Relationships - Topic 19
Other Regulatory Concerns - Topic 20
Audit Policy - Topic 21
Staff Training - Topic 22
Retention of Documentation - Topic 23
Recent updates to this product:
Payday, Vehicle Title, and High-Cost Installment Loan CFPB Final Rule
This Payday, Vehicle Title, and High-Cost Installment Loan Policy Template (approximately 44 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.
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