Anti-Predatory Lending Policy

Posted By: Reg Warrior

Anti-Predatory Lending Policy - 06/02/17 04:24 PM

My board is looking to consolidate policies. They would like to eliminate the Anti-Predatory Lending Policy and incorporate it with the Fair Lending Policy. Does anyone know if there is a requirement to have a separate Anti-Predatory policy? Is incorporating into the Fair Lending policy a good idea, or should in be in a TILA related policy?

Thanks
Posted By: MScarn6942

Re: Anti-Predatory Lending Policy - 06/02/17 04:37 PM

There's not a requirement to have a separate one. Ours is incorporated into our Loan Policy. The fewer policies for the board to approve, the better smile
Posted By: osucpa

Re: Anti-Predatory Lending Policy - 09/18/17 06:01 PM

You have a separate TILA policy?