Oil and Gas Industry Loan Policy
This Oil and Gas Industry Loan Policy addresses oil and gas (O&G) industry loan products, underwriting, and related lending operations of a bank, credit union, fintech company, or other type of financial institution to provide a foundation of safe and sound credit decisions and adherence to all applicable laws, rules and regulations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Industry Overview – Topic 4
- Risk Management – Topic 5
- Program Administration – Topic 6
- Standards and Underwriting – Topic 7
- Collateral Valuation and Documentation – Topic 8
- Environmental Risk Policy Reference – Topic 9
- Allowance for Credit Losses – Topic 10
- Credit Risk Rating Assignment – Topic 11
- Audit Policy – Topic 12
- Staff Training – Topic 13
- Retention of Documentation – Topic 14
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.”
06/01/23 Update
Eliminate references to allowance for lease and loan losses (ALLL) which was replaced by current expected credit losses (CECL).
This Oil and Gas Industry Loan Policy (approximately 43 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
NOTE: The complete contents of this product are also included within the Commercial Loan Policy Template.
Product Update Protection Plan
The Product Update Protection Plan is a great way to keep your bank policy up to date! Simply add it to your cart and purchase it for one year of free updates via email.
