FIND YOUR TEMPLATE. FAST AND EASY!

Other Real Estate Owned (OREO/REO) Policy

$175.00

The purpose of this Other Real Estate Owned (OREO/REO) Policy Template is to address how a bank, credit union, or other type of financial institution properly disposes its Other Real Estate Owned (“OREO” or “REO”) properties in a manner which is expeditious and maximizes the potential value of such properties in accordance with all related laws, rules and regulations.

Description

Other Real Estate Owned Policy

The purpose of this Other Real Estate Owned Policy Template is to address how a bank, credit union, or other type of financial institution properly disposes its Other Real Estate Owned (“OREO” or “REO”) properties in a manner which is expeditious and maximizes the potential value of such properties in accordance with all related laws, rules and regulations.

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • Risk Management – Topic 3
  • Holding Period – Topic 4
  • Accounting – Topic 5
  • Appraisals and Evaluations – Topic 6
  • Management and Disposition – Topic 7
  • Concentrations – Topic 8
  • Environmental Risk Management – Topic 9
  • Regulatory Risk Rating – Topic 10
  • Property Disposition Alternatives – Topic 11
  • Expenses, Taxes and Insurance – Topic 12
  • Audit Policy – Topic 13
  • Staff Training – Topic 14
  • Retention of Documentation – Topic 15

Recent updates to this product:
10/01/18 Update
OCC Bulletin 2018-26 – Revised Other Real Estate Owned Booklet
07/02/18 Update
Federal Reserve Consumer Affairs Letter CA 18-4 – Restoration of Protecting Tenants at Foreclosure Act of 2009
01/02/18 Update
National Defense Authorization Act for Fiscal Year 2018
05/02/16 Update
Foreclosure Relief and Extension of Servicemembers Act of 2015

This Other Real Estate Owned Policy Template (approximately 45 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

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.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

You may also like…