Lease Financing Policy
This Lease Financing Policy addresses lease financing loan products, underwriting, and related lending operations of a bank, credit union, fintech company, or other type of financial institution. In general, a lease is an agreement that allows one party to use another’s property for a stated period of time in exchange for consideration.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Regulatory Overview – Topic 4
- Risk Management – Topic 5
- Program Administration – Topic 6
- Lease Financing Products – Topic 7
- Standards and Underwriting – Topic 8
- Accounting – Topic 9
- Interest Rate Risk and Liquidity Risk – Topic 10
- Credit Risk Rating Assignment – Topic 11
- Impairment Analysis and Credit Loss Allowances – Topic 12
- Non-Accrual Status – Topic 13
- Audit Policy – Topic 14
- Staff Training – Topic 15
- Retention of Documentation – Topic 16
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.”
10/16/23 Update
OCC Bulletin 2023-30 – Lease Financing: Revised Comptroller’s Handbook and Rescissions
06/01/23 Update
Eliminate references to allowance for lease and loan losses (ALLL) which was replaced by current expected credit losses (CECL).
This Lease Financing Policy (approximately 32 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.
