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#2166869 - 03/06/18 04:49 PM CD Loans
Cat Lover Offline
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Joined: Jun 2016
Posts: 147
Has anyone been asked to provide at an examination the NAICS code? I had never experienced that before in my prior exams from the OCC or even with previous FDIC.

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#2167143 - 03/07/18 11:32 PM Re: CD Loans Cat Lover
Moman Offline
Platinum Poster
Joined: Jul 2004
Posts: 505
Just went through an exam in Q3, and was not asked for NAICS codes.

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#2167413 - 03/09/18 04:05 PM Re: CD Loans Cat Lover
Pale Rider Offline
10K Club
Pale Rider
Joined: Aug 2002
Posts: 34,318
under the Lone Star
We use the NAICS codes right from the beginning so that we know what kind of loan we are looking at. The staff boarding loans in our systems must enter the NAICS code. I think they come from the SBA, although I am not certain.
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.

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#2167418 - 03/09/18 04:31 PM Re: CD Loans Cat Lover
RR Jen Offline
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RR Jen
Joined: May 2003
Posts: 3,760
Running and riding everywhere ...
Our commercial credit approval docs have the NAICS code on them, but I have never had a CRA examiner ask for them.
I don't need any more negativity in my positive and helpful people or I will kick you in the shins!!!

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#2167486 - 03/09/18 08:20 PM Re: CD Loans Cat Lover
Princess Romeo Offline

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Princess Romeo
Joined: Jun 2001
Posts: 8,272
Where the heart is
NAICS codes would be important to document if the business meets the size eligibility standards for the loan to qualify under the Economic Development prong.
Regulations are a poor substitute for ethics.
Just sayin'

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