Common use of LENDING POLICIES Clause in Contracts

LENDING POLICIES. ( 1 ) Within one-hundred-twenty (120) days, the Board shall review, revise, and adhere to the Bank's written loan policies. In revising these policies, the Board shall refer to the Loan Portfolio Management booklet, A-LPM, of the Comptroller’s Handbook. For all loans, these policies shall incorporate, but not necessarily be limited to, the following: (a) a description of acceptable types of loans; (b) a provision that current and satisfactory credit information will be obtained on each borrower;

LENDING POLICIES. ( 1 ) Within one-hundred-hundred twenty (120) days, the Board shall review, revise, and adhere to the Bank's written loan policies. In revising these policies, the Board shall refer to the Loan Portfolio Management booklet, A-LPM, of the Comptroller’s Handbook. For all loans, including but not limited to, indirect automobile loans, commercial loans and residential mortgages, these policies shall incorporate, but not necessarily be limited to, the following: (a) a description of acceptable types of loans; (b) a provision that current and satisfactory credit information will be obtained on each borrower;