Product Updates October 2023

Product Update Blog

Product Updates for October 2023

The Product Updates for October 2023 from feature the following new and revised policy template products:

Commercial Loan Policy Template

Lease Financing Policy Template

The update to these products is in response to OCC Bulletin 2023-30 entitled “Lease Financing: Revised Comptroller’s Handbook and Rescissions” dated 09/27/23 that announced the release of version 2.0 of the “Lease Financing” booklet of the Comptroller’s Handbook.  This booklet discusses risks and risk management practices associated with lease financing, and provides a framework for evaluating a bank’s lease financing activities by examiners.

The revised booklet replaces version 1.2 of the booklet with the same title issued January 2017.  In addition, OCC Bulletin 2014-40, “Lease Financing: Comptroller’s Handbook Revision and Rescission” is rescinded, which transmitted version 1.0 of the booklet in August 2014.

The revised booklet:

  • Reflects changes to lease accounting standards since this booklet was last updated;
  • Reflects OCC issuances published and rescinded since this booklet was last updated;
  • Includes clarifying edits regarding supervisory guidance, sound risk management practices, and legal language; and
  • Revises certain content for general clarity.

Language Access Plan Policy Template – NEW!

This new product was developed in response to client requests to create a template in relation to providing persons with limited English proficiency (LEP) meaningful access to a bank’s operations, programs and products and services to better serve their financial needs and to assist a bank in complying with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) prohibitions against engaging in any unfair, deceptive, or abusive act or practice (UDAAP), the Equal Credit Opportunity Act (ECOA), and other applicable laws, rules and regulations.

Keeping You Informed

We provide this Product Update Blog as a courtesy to all clients regarding new and revised products released by  We feel that it is important to keep our clients well informed of changes to the financial institution industry, including keeping on top of federal regulatory changes, and industry recommended best practices.  In this regard, we encourage you to subscribe to our newsletter in which these types of announcements are made including any special offers that can save you time and money.  Just contact us to be added to our distribution list.

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