LENDING POLICY. (1) The parties acknowledge that the Bank has forwarded its revised and updated loan policy to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (2) Upon receipt of no supervisory objection from the Assistant Deputy Comptroller the Board shall oversee the implementation of the Bank's revised and updated loan policy and ensure Bank adherence to the policy. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the loan policy.
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Sources: Banking Agreement (FNBH Bancorp Inc), Banking Agreement