Indirect Dealer Loan Policy
This Indirect Dealer Loan Policy addresses indirect dealer loan products, underwriting, and related lending operations of a bank, credit union, fintech company, or other type of financial institution. In general, indirect loans are retail loans that are granted elsewhere from a seller of retail goods (dealer) to finance the purchase of retail products and then subsequently purchased by a financial institution.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Lending Arrangement Structure – Topic 3
- General Underwriting Guidelines – Topic 4
- Risk Management of Auto Dealers – Topic 5
- Manufactured Home Dealer Financing Program – Topic 6
- Audit Policy – Topic 7
- Staff Training – Topic 8
- Retention of Documentation – Topic 9
Recent updates to this product:
03/18/24 Update
Eliminate and/or modify references to the term “Troubled Debt Restructuring” (TDR) with a “Borrower Experiencing Financial Difficulty.”
This Indirect Dealer Loan Policy (approximately 22 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
NOTE: The complete contents of this product are also included in the Commercial Loan Policy.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via e-mail every time it’s revised, within one year from the last date of purchase.
