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Consumer Loan Policy

$375.00

The purpose of this Consumer Loan Policy Template is to address consumer loan products, underwriting, and related lending operations of a bank, credit union, or other type of financial institution.  In general, the primary purpose of an organization’s consumer lending operations is to generate income while serving the credit needs of all creditworthy consumers within its geographic area by maintaining an effective loan policy and underwriting standards, in conjunction with sound loan administration by its officers and lending personnel, in order to achieve a healthy loan portfolio.

Description

Consumer Loan Policy

The purpose of this Consumer Loan Policy Template is to address consumer loan products, underwriting, and related lending operations of a bank, credit union, or other type of financial institution. In general, the primary purpose of an organization’s consumer lending operations is to generate income while serving the credit needs of all creditworthy consumers within its geographic area by maintaining an effective loan policy and underwriting standards, in conjunction with sound loan administration by its officers and lending personnel, in order to achieve a healthy loan portfolio.

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Definitions – Topic 3
  • Risk Management – Topic 4
  • Responsibility – Topic 5
  • General Credit Underwriting Guidelines – Topic 6
  • Account Management – Topic 7
  • Unsecured Term Loans – Topic 8
  • Revolving Lines of Credit – Topic 9
  • Vehicle Loans – Topic 10
  • Boat/RV/Trailer Loans – Topic 11
  • Motorcycle and ATV Loans – Topic 12
  • Overdraft Protection – Topic 13
  • Savings/TCD Secured Loans – Topic 14
  • Employee Consumer Loan Processing Procedures – Topic 15
  • Payday, Vehicle Title, and High-Cost Installment Loans – Topic 16
  • Marketplace Loan Program – Topic 17
  • Student Loan Program – Topic 18
  • Program Reporting – Topic 19
  • Collections – Topic 20
  • Consumer Debt Sales – Topic 21
  • Secured Loans Discharged in Chapter 7 Bankruptcy – Topic 22
  • Non-Accrual Status – Topic 23
  • Risk Rating Assignment – Topic 24
  • Audit Policy – Topic 25
  • Staff Training – Topic 26
  • Retention of Documentation – Topic 27

Includes the following form templates:

  • Consumer Loan Override Request – (1 page)
  • Loan Presentation – Consumer – (1 page)

Recent updates to this product:
10/01/18 Update
OCC Bulletin 2018-28 – Revised Deposit-Related Credit Booklet
02/05/18 Update
FDIC – Supervisory Insights Journal – Winter 2017
11/01/17 Update
Payday, Vehicle Title, and High-Cost Installment Loan CFPB Final Rule
07/05/17 Update
Use of SSAE 18 Reports
05/01/17 Update
Revised Retail Lending Booklet – OCC Bulletin 2017-15
07/05/16 Update
New Student Lending Booklet – OCC Bulletin 2016-15
04/04/16 Update
Revised Installment Lending Booklet – OCC Bulletin 2016-3
02/16/16 Update
FDIC Supervisory Insights – Winter 2015

This Consumer Loan Policy Template (approximately 183 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $375.00.

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When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

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