LENDING POLICY. (1) Within sixty (60) days, the Board shall review and revise the Bank's written loan policy. In revising this policy, the Board shall refer to the Loan Portfolio Management booklet, A-LPM, of the Comptroller’s Handbook. This policy 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;
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Sources: Banking Agreement, Banking Agreement
LENDING POLICY. (1) Within sixty (60) days, the Board shall review and revise the Bank's written loan policy. In revising this policy, the Board shall refer to the Loan Portfolio Management booklet, A-LPM, of the Comptroller’s 's Handbook. This policy 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;
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