Loan Loss Reserve Policy
The purpose of this Loan Loss Reserve Policy Template is to address the requirement of a bank, credit union, fintech company, or other type of financial institution to maintain an adequate allowance for loan and lease losses (ALLL) to properly reflect an accurate financial position of the organization and to comply with regulatory and AICPA guidelines. Looking for our Current Expected Credit Losses (CECL) Policy Template instead? Click here.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Responsibility – Topic 3
- Uniform Policy Guidelines – Topic 4
- Evaluation Process – Topic 5
- Frequency – Topic 6
- Methodology – Topic 7
- Application of GAAP – Topic 8
- Loan Impairment Guidelines – Topic 9
- Loss Contingency Guidelines – Topic 10
- Recommendations, Documentation and Approval – Topic 11
- Recoveries – Topic 12
- Audit Policy – Topic 13
- Staff Training – Topic 14
- Retention of Documentation – Topic 15
This Loan Loss Reserve (ALLL) Policy Template (approximately 33 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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