Bank Policies
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Bank Policies |
| General Policies | Personnel | Deposits | Security |
| Risk Management | Collection & Privacy | General Lending | Lending - Compliance Related |
| General Policies | ||||
| Code of Conduct and Ethics Program | Guides compliance with the Bank Bribery Act. Sets forth the basic policies of ethical conduct, the foundation of basic business standards, and personal conduct. |
Product Code: PLM-101 |
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| Internal and External Audit | Designed to assist board members with their audit responsibilities. Includes audit function structure and committee meetings, technical duties, compliance, filing audit reports, roles and responsibilities of the auditor, the audit program, program effectiveness, external audit firms, and review of external audit. |
Product Code: PLM-085 |
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| Internal Controls | Addresses the various controls to ensure efficient and effective bank operations, the reliability of financial reporting, and an effective risk management system. Covers administrative, accounting, and operating controls. |
Product Code: PLM-242 |
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| Compliance Management | This is an overall policy for demonstrating how your bank will comply with the banking compliance regulations. Provides information on compliance officer and compliance council responsibilities, monitoring and control, and compliance risk ratings. Includes a risk ratings flow chart. |
Product Code: PLC-104 |
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| Electronic Data Processing | Outlines the basic standards required to meet all areas
of the bank's data processing operations. Provides structure and guidance
to management, establishes controls, and addresses outside vendors,
program security, and documentation. |
Product Code: PLM-094 |
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| Overdraft Protection | A new policy that guides a bank
through the best practices in setting up an Overdraft Protection
program. |
Product Code: PLC-239 |
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| Overdrafts | Designed to address the risk associated with overdrafts,
including the responsibility to communicate the policy to customers,
payment or return of items, collection, charge-off and account closings,
error resolution, and reporting. |
Product Code: PLL-084 |
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| Bank Owned Life Insurance (BOLI) | Identifies risks inherent in the acquisition, retention, and use of BOLI. Covers specific types and limitations on BOLI, including key persons, cost recovery, split-dollar life insurance, and life insurance on borrowers. |
Product Code: PLM-234 |
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| Sale of Nondeposit Investments | Applies to all retail sales of nondeposit products, including marketing and promotional activities. Covers objectives, scope, responsibility, minimum standards, program management, setting and circumstances of sales, disclosures and advertising, suitability, qualifications and training, compensation, fiduciary accounts, third-party arrangements, compliance and audit, exceptions to policy, and policy review. |
Product Code: PLM-230 |
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| Wire Transfer | Identifies the risks and establishes the policies dealing with wire transfers. Covers how to accurately process requests made in person, by phone, or other electronic means, with emphasis on regulatory requirements, money laundering, and settlement by giving best practice examples. |
Product Code: PLM-159 |
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| Safe Deposit Box | Will ensure that the bank operates in a manner that complies with all applicable laws and provides absolute safety and privacy to customers with safe deposit boxes. Covers objectives, definitions and scope, responsibility, CIP, rental contracts, state law issues, customer and master keys, access, employee access, delinquency and termination, fees/charges, record keeping, insurance, audit, and policy review. |
Product Code: PLM-162 |
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| Fixed Asset Management | Describes the responsibilities and processes utilized in the management of the bank's building, fixtures, furniture, and equipment. |
Product Code: PLM-222 |
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| Holding Company | Sets forth the underlying philosophy and structure for all relationships and transactions between the bank and the holding company. |
Product Code: PLM-225 |
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| Insurance and Annuities Sales | Covers the bank's objectives regarding insurance and annuities sales, responsibilities, program management, setting circumstances of sales, qualifications and licensing, disclosures and advertising, salaries and compensation, third-party arrangements, compliance and audit, and the prohibitions of insurance sales. |
Product Code: PLM-201 |
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| Cross-Selling of Products and Services | May be used as a freestanding policy or incorporated into your bank's broader-coverage marketing policy. Covers responsibilities for administering and overseeing the cross-selling program, participation and involvement, access and use of customer data for prospecting, compensation and incentives, elements for effective training and coaching, and quality assurance. |
Product Code: PLM-203 |
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| Dormant Accounts | Addresses responsibility, defining dormant/inactive accounts, processing, reporting, and service charges and interest payments. |
Product Code: PLM-185 |
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| Branch Closing | Sets forth the procedures required by the regulatory
agencies to close a branch office, including profit analysis and availability
of services. |
Product Code: PLM-092 |
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| Marketing | Provides guidelines for the management of the bank's marketing function, including development of the annual marketing plan and ongoing decision making. Includes regulatory compliance, geographic limitations, and prohibited activities. |
Product Code: PLM-090 |
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| Personnel | ||||
| Human Resources |
Provides management with a clear understanding of what the bank expects from its employees and, in turn, what employees can expect from the bank. Covers equal employment opportunity, employee classifications, employee compensation, hiring practices, vacations, sick leave, family and medical leave, education, termination, and sexual harassment. Includes new employee orientation and training. |
Product Code: PLM-184 |
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| Pre-Employment Background Screening |
Reflects information contained in the FDIC’s Financial Institution Letter 46-2005 on Pre-Employment Background Screening. Covers the purpose and scope of the policy, responsibility, service providers, minimum screen requirements, additional screening procedures, and policy review. Note: This policy is included in our Human Resources policy (#184). |
Product Code: PLM-237 |
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| Insider and Affiliate Credit | For compliance with insider lending. Designed to address the particular credit and legal standards that apply to insiders, including lending limitations for individuals and affiliates. |
Product Code: PLC-075 |
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| Board of Directors |
Designed to assist the board in recognizing and carrying out its duties and responsibilities for overall direction of the bank. Includes planning and budgeting, monitoring operations, overseeing business performance, training, committees, and code of conduct. |
Product Code: PLM-100 |
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| Charitable Contributions | Establishes the types of contributions the bank will grant and sets forth the budgeting and operational procedures needed to implement the policy. |
Product Code: PLM-086 |
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| Executive Officer | Defines the relationship between the board and executive management and between executive management and the bank's other personnel. Covers hiring practices, management succession, promotions, and salary administration. |
Product Code: PLM-087 |
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| Business and Travel Expense | Defines the general types of expenses the bank will
incur; establishes the budgeting and operational procedures needed
to implement the policy; and provides policy guidelines for travel
and entertainment. |
Product Code: PLM-089 |
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| Deposits | ||||
| Bank Secrecy and Anti-Money Laundering | Provides procedures as required by the regulatory agencies. Includes information on exempt persons, internal records, currency transaction reports, Office of Foreign Assets Control, know your customer guidelines, wire transfers, and anti-money laundering. |
Product Code: PLC-109 |
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| Customer Identification Program | This policy can be readily incorporated into your bank's existing BSA and AML policies. Covers the basis for the CIP procedures, definitions, procedures for verification through documents, non-documentary verification, lack of verification, and other items, such as when not to open the account, limited use of account, when the account will be closed, when additional information is required, record keeping, comparison with government lists, customer notice, and reliance on another financial institution. |
Product Code: PLC-217 |
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| Money Services Businesses | This policy provides guidance to assess the risks associated with servicing MSBs. Topics include the identification, documentation, and monitoring of these entities, as well as the operational areas and reviews that must be conducted to be in compliance. |
Product Code: PLC-235 |
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| Regulation D: Definitions and Reserve Requirements Policy | Includes definitions for the various types of deposit accounts, as well as eligibility, transaction limitations, and penalties. Provides the computation and reporting requirements of Regulation D and establishes internal procedures that assist personnel in complying with the reserve requirements. |
Product Code: PLC-105 |
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| Regulation DD: Deposit Account Terms | Addresses acceptable account terms, appropriate disclosure of these terms, and uniformity in advertising. |
Product Code: PLC-106 |
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| Regulation CC: Expedited Funds Availability Act | Establishes internal procedures to address proper funds availability, disclosure, collection of checks, return of unpaid checks, and payment of interest on deposited funds. |
Product Code: PLC-107 |
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| Check 21 | Describes the responsibilities of the bank for disclosing to customers the new Check 21 requirements. Covers substitute checks and expedited recredit procedures and outlines the steps consumers must follow when making a claim. Includes sample text for Consumer Awareness disclosures and notices regarding claims. |
Product Code: PLC-227 |
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| Regulation E: Electronic Funds Transfer Act | Establishes the internal procedures for
proper issuance of access devices, disclosure, limitations on customer
liability, documentation of transfers, and error resolution. |
Product Code: PLC-108 |
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| Regulation E: International Remittance Transfer Policy Act | Provides guidance for those banks that will act as Remittance Transfer Providers. Dodd-Frank added consumer protections for remittance transfers sent by consumers in the United States to individuals and businesses in foreign countries. The systems required by this regulation are intended to significantly improve the predictability of remittance transfers, as well as provide consumers with better information for comparison shopping. This policy is designed for those banks that will process more than 100 remittance transfers annually. |
Product Code: PLC-293 |
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| Regulation GG - Unlawful Internet Gambling Policy | Policy states how the bank will implement its compliance with Regulation GG and how it will identify and block, or otherwise prevent and prohibit restricted transactions. |
Product Code: PLC-263 |
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| Security | ||||
| Bank Security | Provides the requirements of the regulatory agencies and covers all aspects of bank security, including designation of a security officer, security devices, maintenance, testing, training, and robbery procedures. |
Product Code: PLM-214 |
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| Suspicious Activity Reporting | Provides the guidelines a bank must follow when reporting criminal activity, including insider misconduct. |
Product Code: PLC-113 |
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| Contingency Planning |
Designed to provide a risk management plan to avoid potential losses. Includes policy implementation, bank security, emergency procedures, back-up sites, loss prevention, liquidity, insurance policies, asset protection, and risk management training. |
Product Code: PLM-072 |
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| Emergency Preparedness and Disaster Recovery | Sets the basic plan for emergency preparedness including employee training and protection, succession, alternative headquarters, back-up facilities, back-up systems, and testing. |
Product Code: PLM-151 |
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| Pandemic Policy | This may be used as a stand alone policy or incorporated into your Business Continuity Policy. Contains guidance from The Interagency Statement on Pandemic Planning. Includes sample Pandemic Plan. |
Product Code: PLM-253 |
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| Risk Management | ||||
| ACH | Establishes policy guidelines to reduce risk exposure and ensure compliance with NACHA Operating Rules and applicable federal regulations when originating or receiving ACH transactions. On the risk side, the policy covers management of originator credit risk, exposure risk, regulatory risk, third-party processor risk, Internet transaction risk, operational risk liquidity risk and disaster risk management. Operational area covered include responsibility/authority, originator transaction processing, customer risk coding, check-to-ACH conversion (CTAC), third-party processors, exposure monitoring, compliance, Internet transactions, daily RDFI operations, scope of ODFI services, daily ODFI operations, operational contingencies, and policy review. |
Product Code: PLM-229 |
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| Remote Deposit Capture | Identifies and explains the inherent risks associated with RDC, establishes a sound risk management program and outlines internal controls and written procedures for managing the on-going risk.
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Product Code: PLM-248 |
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| Internet and E-Mail Risk Management | Establishes a set of policies for use of the Internet and e-mail facilities. Includes guidelines for customers' privacy, procedures in the case of disruptions of bank operations, bank computers, terminals, software, and their electronic connections. |
Product Code: PLM-183 |
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| Model Risk Management Policy | Establishes methodology to mitigate potential risks arising from the bank's reliance on financial models and to ensure that the sources and the magnitude of the bank's model risk are understood and managed effectively. |
Product Code: PLM-295 |
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| Technology Risk Management | Covers responsibility and management structure; security concerns related to physical systems, personnel, computers/databases, audit trails, and cyber threats; electronic banking; contingency planning; and potential exceptions. |
Product Code: PLM-176 |
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| Social Media Policy and Guidelines | Provides guidance on how social media will be approached, proper methods for promoting the bank’s message and image, and consequences of not following guidelines. Includes Management and User Guidelines for Social Media. |
Product Code: PLM-289 |
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| Interest Rate Risk |
Establishes the guidelines to ensure that the bank is managed to recognize, measure, and control interest rate risk by setting risk limits, strategies, and reporting formats. Updated to reflect the current expectations of the regulators as outlined in FIL-2-2012 Supervisory Guidance: Interest Rate Risk Management. Major topics covered in the policy:
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Product Code: PLM-095 |
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| Risk Management Policy | Provides the overall framework for the supervision, management, operation, and control of the bank’s risk management program. Includes duties and responsibilities of the risk management committee and risk management officer. |
Product Code: PLM-228 |
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| Vendor Risk Management | Provides guidance on managing the risks that may arise from outsourced relationships, including responsibilities, risk assessment, due diligence, contracts, security and confidentiality, controls, business resumption, and monitoring. |
Product Code: PLM-213 |
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| Electronic Banking Risk Management |
Establishes detailed policy guidelines for use of electronic banking, including security of customer information, third-party vendors, security controls, passwords, authentication, and strategic risk. |
Product Code: PLM-182 |
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| Regulation F: Correspondent Banking | Designed to limit the risks that the failure of another depository institution poses to the bank. Provides the board with a methodology for establishing criteria to select a correspondent bank and outlines procedures for identifying, monitoring, and managing correspondent relationships and correspondent concentration risks. Updated to guide compliance with the Interagency Guidance on Correspondent Concentration Risks (FIL-18-2010) and Regulation F: Limitations on Interbank Liabilities. Includes a Concentration Risk Worksheet in Microsoft® Excel to calculate and monitor credit and funding exposures for correspondents on a stand-alone and organization-wide basis. |
Product Code: PLM-103 |
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| Funds Management | Designed to ensure that the bank is managed to provide adequate liquidity and a satisfactory and consistent level of profit within suitable interest rate risk constraints. |
Product Code: PLM-097 |
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| Investment | Covers the delegation of investment authority
and accountability, the definition of acceptable types of investments,
and how to maximize the bank's profitability while meeting the local
communities' credit/financing needs. |
Product Code: PLM-098 |
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| Capital, Earnings, and Dividend | Provides a clear outline of the bank's goals and parameters for maintaining an adequate capital base, and states how the payment of dividends relates to those goals and parameters. |
Product Code: PLM-102 |
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| Loan Loss Allowance and Reserve | Address the bank's responsibilities to monitor its portfolio for adequate ALLL, including methodology, portfolio analysis, and examination guidelines. |
Product Code: PLL-077 |
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| Planning and Budgeting | Identifies the responsible parties and outlines the process for developing and implementing the strategic plan and the budget. |
Product Code: PLM-088 |
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| Liquidity Management | Designed to ensure that the bank is managed to provide an adequate level of liquidity to meet both predicted and unexpected cash needs while maintaining a planned net interest margin. |
Product Code: PLM-096 |
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| Liquidity Contingency Funding Plan | Provides a written contingency funding plan as required by Interagency Guidance on Funding and Liquidity Risk Management. Delineates strategies and actions addressing potential liquidity shortfalls in emergency situations. Includes identification of stress events, stress levels, early warning indicators, parameters for liquidity stress testing, sources of funds and funding strategies, lines of responsibility and communication, as well as a detailed crisis action plan. |
Product Code: PLM-272 |
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| Management of Country Risk |
Addresses the risk that economic, social, and political conditions in a foreign country may adversely affect a bank's financial interests. Covers responsibility, policies and procedures, country exposure reporting system, risk analysis, country risk ratings, exposure limits, and monitoring provisions. |
Product Code: PLM-212 |
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| Litigation Risk | Defines the risks associated with real or threatened litigation. Covers legal counsel's role and responsibilities, risk management, assessment of potential losses, and system controls. |
Product Code: PLM-211 |
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| Collection & Privacy | ||||
| Fair Credit Reporting Act |
Defines the bank's responsibilities under the act, including loan and deposit declinations. Establishes guidelines for investigative reports and use of prescreened lists. |
Product Code: PLC-115 |
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| Direct Dispute |
Covers consumer disputes submitted to one or more credit reporting agencies (CRAs) for inclusion in a consumer report, including:
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Product Code: PLC-281 |
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| Accuracy & Integrity of Furnished Information |
Will assure that the bank is furnishing accurate information to consumer reporting agencies, including identifying the appropriate accounts and other relationships and the appropriate consumer(s).
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Product Code: PLC-282 |
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| Do-Not-Call | Provides banks with guidance on complying with FTC and FCC regulations dealing with telemarketing practices. Covers federal Do Not Call Registry, internal lists, customers and non-customers, training, and retention periods. Includes a template for a Do Not Call Policy that you can give to individuals when they request a copy. |
Product Code: PLC-240 |
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| Disposal of Consumer and Customer Information | Sets forth the bank’s systems and policies regarding the destruction of customer and consumer information. Defines various bank records and outlines steps to destroy information contained in them. Includes information to review a third-party service. |
Product Code: PLM-232 |
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| Information Security Program | This policy and the sub-policies it contains are designed to provide guidance to all bank employees of the confidentiality and importance of safely maintaining customer information. |
Product Code: PLM-252 |
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| Identity Theft Prevention Policy (Red Flag) | Provides guidance regarding the nature of identity theft, ways to prevent or deter it, response to suspected or actual instances, and education of bank staff and customers. This policy includes the final rules and guidelines implementing sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) including "red flag" guidance. |
Product Code: PLC-224 |
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| Safeguarding Customer Information | Pertains to the protection of customer information from unauthorized or illegal disclosure. Covers the development and implementation of an information security program, including responsibility, assessment of risk, management and control of risk, employee education and training, testing, monitoring, oversight of service provider arrangements, updating/adjusting the program, and reporting to the board. |
Product Code: PLC-202 |
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| Fair Debt Collection Act |
Establishes the bank's intent for proper debt collection practices, including collection guidelines, collection activities, and third-party communications. |
Product Code: PLC-117 |
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| Collection, Workout, Charge-Off, and Recovery | Establishes the bank's responsibilities to manage lending risks, including procedures for delinquent loans, collection, workouts, business continuation, placing loans on non-accrual status, repossession of collateral, and OREO. |
Product Code: PLL-078 |
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| Regulation P: Consumer Privacy Policy |
Addresses the collection, use, and retention of customer information, including maintenance of accurate information, limiting employee access, protection via security procedures, maintaining customer privacy in business relationships with third parties, and disclosure of privacy principles to customers. |
Product Code: PLC-200 |
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| Right to Financial Privacy | Establishes limitations and duties regarding the release of information sought by government agencies. |
Product Code: PLC-112 |
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| Regulation AA: Unfair and Deceptive Credit Practices | Establishes procedures for receiving and
handling consumer complaints. States the bank's intent to prevent
unfair, deceptive or abusive acts or practices in connection with
any transaction for a consumer financial product or service. Sets
guidelines to properly handle consumer credit contracts, late charge
accounting practices, and cosigner practices. Policy template
includes Review Procedures and Consumer Complaint Procedures. |
Product Code: PLC-116 |
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| Bank Security | Provides the requirements of the regulatory agencies and covers all aspects of bank security, including designation of a security officer, security devices, maintenance, testing, training, and robbery procedures. |
Product Code: PLM-214 |
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| Suspicious Activity Reporting | Provides the guidelines a bank must follow when reporting criminal activity, including insider misconduct. |
Product Code: PLC-113 |
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| Contingency Planning |
Designed to provide a risk management plan to avoid potential losses. Includes policy implementation, bank security, emergency procedures, back-up sites, loss prevention, liquidity, insurance policies, asset protection, and risk management training. |
Product Code: PLM-072 |
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| Emergency Preparedness and Disaster Recovery | Sets the basic plan for emergency preparedness including employee training and protection, succession, alternative headquarters, back-up facilities, back-up systems, and testing. |
Product Code: PLM-151 |
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| Incident Response Plan | This customizable plan lays out the steps to be followed should a bank experience a breach of data or loss of customer information. Includes examples of incidents. |
Product Code: PLM-250 |
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| General Lending | ||||
| Secondary Mortgage Market Policy | This policy establishes the guidelines for the bank to follow to stay in compliance with the rules, regulations, and industry standards that apply to the origination and sale of whole loans by the bank. |
Product Code: PLL-287 |
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| Home Equity Lending | Guides the bank in establishing requirements for marketing, underwriting standards, collateral valuation management, individual account and portfolio management, and servicing for open and closed-end loans. |
Product Code: PLL-236 |
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| Quality Control System | Sets the guidelines for establishing a quality control system. Covers the purpose and scope of a quality control system, system operation, investigation, and policy review. |
Product Code: PLL-226 |
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| Merchant Services | Guides the bank in managing its relationship with Visa/MasterCard merchants. Topics include management of risk, capital adequacy, merchant approval processes, pricing, and fraud monitoring. |
Product Code: PLL-233 |
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| Credit Card Lending | Provides a basis for the bank to regulate its credit card lending practices and develop a comprehensive policy to guide this activity in the future. Covers credit line management, over-limit practices, negative amortization, workout and forbearance practices, settlements, income recognition and practices, and policy exceptions. |
Product Code: PLL-216 |
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| Real Estate Lending | Covers nondiscrimination, loan applications,
portfolio diversification, credit criteria, documentation, appraisals
and evaluations, appraisal review, credit decisions, loan disclosures,
insurance, secondary market, and exceptions to policy. |
Product Code: PLL-083 |
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| Subprime Lending | Addresses the regulatory agencies' concern about subprime lending. Covers definitions specific to subprime lending; risk management, including ALLL; capital adequacy; abusive practices; and training. |
Product Code: PLL-204 |
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| Fair Lending | Establishes fair lending activities, including
taking loan applications, telephone inquiries, advertising, and credit
evaluation standards. Also covers loan decisions, notifications, and
adverse action. Includes discussion on prohibited actions, disparate
treatment, and disparate impact. |
Product Code: PLC-177 |
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| Credit | Addresses the composition and control of the loan portfolio as a whole, and establishes standards for individual credit decisions. |
Product Code: PLL-074 |
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| Agricultural Lending | Establishes the parameters and structure covering agricultural lending, including interest rates, pricing of loans, lending limits, and credit criteria. |
Product Code: PLL-076 |
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| Consumer Lending | Establishes standards for individual credit decisions such as anti-discrimination, credit criteria, credit documentation, regulatory requirements, loan types, and exceptions. |
Product Code: PLL-080 |
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| Commercial Lending | Covers the bank's approach to commercial/business loans, including credit types, interest rates, pricing, borrower information requirements, legal lending limits, credit criteria, collateral, documentation, credit structure, and financial statement requirements. |
Product Code: PLL-079 |
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| Loan Review | Covers loan review committee duties and loan review officer responsibilities and qualifications, as well as scope of review, sample selection, and types of review. Highlights a rating system that includes eight grades, upgrading and downgrading information, and portfolio monitoring with three tiers. Also includes a special concern classification, loan watch list, and corrective action reporting and training. |
Product Code: PLL-082 |
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| Loan Workout Policy | Establishes an appropriate practice for renewing and restructuring troubled credits. Addresses the requirements that are appropriate for the complexity of the bank’s loans and that are consistent with safe and sound lending practices and regulatory reporting requirements. The text from this policy is included in the Collection, Workout, Charge-Off and Recovery Policy (PLL-078) (can be purchased if your bank needs a more comprehensive policy). |
Product Code: PLL-286 |
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| Lending - Compliance Related | ||||
| Regulation Z: Loan Terms, Disclosures, and Advertising | Covers the requirements of the Truth in Lending Act. Includes exempt transactions, open-end credit, credit cards, home equity lines of credit, closed-end credit, and right of rescission, as well as advertising for credit. |
Product Code: PLC-114 |
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| Regulation B: Equal Credit Opportunity Act | Provides guidance for lenders
on the requirements of this regulation as well as prescreening, the
interview and application process, credit evaluation, action notifications,
signature policy, and credit reporting. |
Product Code: PLC-118 |
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| Flood Insurance | Ensures the proper use of flood hazard determination form, customer notification, insurance coverage, escrow, and forced placement procedures. |
Product Code: PLC-123 |
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| Home Mortgage Disclosure Act Reporting | Establishes internal procedures that result in the proper recording of loan information, submission, and proper disclosures to the public. |
Product Code: PLC-119 |
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| Real Estate Settlement Procedures Act | Establishes internal procedures to ensure proper compliance with the act, such as disclosures, escrow accounts, mortgage servicing transfers, and error resolution. |
Product Code: PLC-122 |
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| Environmental Risk and Liability | Covers the bank's approach to commercial/business loans, including credit types, interest rates, pricing, borrower information requirements, legal lending limits, credit criteria, collateral, documentation, credit structure, and financial statement requirements. |
Product Code: PLL-081 |
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| Appraisals and Evaluations | Establishes guidelines to assist the bank in protecting its interest in real estate-related transactions. Includes appraiser and evaluator qualifications and selection, as well as the competency requirements. |
Product Code: PLL-124 |
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| Community Reinvestment | Sets the tone for Community Reinvestment Act compliance, whether by strategic plan or lending, investment, or service tests. Includes information on delineation of assessment area, performance standards, performance evaluation, data collection, reporting, disclosures, and public file. |
Product Code: PLC-120 |
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| Fair Housing Requirements | Designed to comply with all the regulatory agencies' reporting requirements. Establishes internal procedures for disclosure, applications, activity reports, and loan file information. |
Product Code: PLC-121 |
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| Servicemembers Civil Relief Act | Outlines the financial relief protection extended to servicemembers when they are called into active military duty. Covers issues with direct implications to community banks, such as the bank's obligations in reducing interest rates, installment and lease contracts, coverage of certain family members, and automatic extensions of power of attorney. |
Product Code: PLC-223 |
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| John Warner National Defense Authorization Act of 2007 | Regulates the terms of certain extensions to active duty servicemembers, including Active Guard and Reserve duty, and their dependents. |
Product Code: PLC-251 |
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| SAFE Act | Guides the bank in compliance with the SAFE Act in a manner appropriate to the nature, size, complexity, and scope of the bank's operations. Addresses registration requirements for mortgage loan originators and the bank, required information, use of unique identifiers and maintaining registrations. |
Product Code: PLC-284 |
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