Are there any requirements (legal, regulatory. etc) that employee loans (other than Reg ) be coded as such on loan systems?

I don't know if it's a regulatory issue or more a matter of practicality / best practice. We code them separately on the system so we can pull custom reports for internal use or for regulatory review; and so any overdraft or past due notices go to HR before delivery. This is one of those "we've always done it this way" deals & I've never had occasion to research the reason why.

Thanks Bart. We have loans on the system from years back that are coded as an employee loan, and the individual is no longer an employee so it appears no one is monitoring these loans!!