General Loan Policy
The purpose of this General Loan Policy Template is to generally state the conditions and the processes under which a bank, credit union, fintech company, or other type of financial institution operates its lending operations in order to provide a foundation of safe and sound credit decisions and adherence to all applicable state and federal laws, rules and regulations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Lending Authority and Responsibility – Topic 3
- Secondary Review and Credit Denial – Topic 4
- Lending Limits – Topic 5
- Portfolio Management, Diversifications and Concentrations – Topic 6
- General Credit Underwriting Guidelines – Topic 7
- Loan Participations and Purchases – Topic 8
- Loans to Executive Officers and Directors Policy Reference – Topic 9
- Loans to Employees – Topic 10
- Appraisal Policy Reference – Topic 11
- Environmental Risk Policy Reference – Topic 12
- Depository Relationships – Topic 13
- Overdraft Policy Reference – Topic 14
- Documentation and Responsibilities – Topic 15
- Execution of Loan Documents – Topic 16
- Loan File Requirements – Topic 17
- Loan File Administration – Topic 18
- Loan Loss Reserve Policy Reference – Topic 19
- Loan Grading Policy Reference – Topic 20
- Loan Review Policy Reference – Topic 21
- Non-Accrual and Charged-Off Loan Policy Reference – Topic 22
- Other Real Estate Owned Policy Reference – Topic 23
- Audit Policy – Topic 24
- Staff Training – Topic 25
- Retention of Documentation – Topic 26
Recent updates to this product:
OCC Bulletin 2022-20 – Accounting: Bank Advisory Series Updated – Accounting Standards Update (ASU) 2022-02 – “Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures”
FDIC Final Rule – Real Estate Lending Standards
This General Loan Policy Template (approximately 63 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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