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Loan Loss Reserve (ALLL) Policy

$175.00

The purpose of this Loan Loss Reserve (ALLL) Policy Template is to address the requirement of a bank, credit union, 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.

Description

Loan Loss Reserve Policy

The purpose of this Loan Loss Reserve Policy Template is to address the requirement of a bank, credit union, 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.

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 for $175.00.

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When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

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