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Indirect Dealer Loan Policy

$100.00

The purpose of this Indirect Dealer Loan Policy Template is to address indirect dealer loan products, underwriting, and related lending operations of a bank, credit union, 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.

Description

Indirect Dealer Loan Policy

The purpose of this Indirect Dealer Loan Policy Template is to address indirect dealer loan products, underwriting, and related lending operations of a bank, credit union, 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:
06/04/18 Update
Statement of the Bureau of Consumer Financial Protection on Enactment of S.J. Res. 57

This Indirect Dealer Loan Policy Template (approximately 15 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $100.00.

NOTE: The complete contents of this product are also included in the Commercial Loan Policy Template.

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