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#205093 - 06/28/04 05:29 PM Non-conforming Loans (LTV)
La. Lady Offline
Diamond Poster
La. Lady
Joined: May 2001
Posts: 1,873
We are FDIC governed. Are we required to report these to the board quarterly?

Thanks for the help
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Riding the waves of change.....2014

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Lending Compliance
#205094 - 06/29/04 12:01 PM Re: Non-conforming Loans (LTV)
Anonymous
Unregistered

FDIC Rules and Regulations Part 365, Appendix A states regarding loans in excess of the supervisory loan-to-value limits, "Such loans should be identified in the institution's records, and their aggregate amount reported at least quarterly to the institution's board of directors."

You are expected to report the total amount to the board; it may not be practical to report individual loans.

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