Answer:
by Andy Zavoina:
While your BOL Gurus don't have sample polices your peers may. So I would refer you to the BOL threads to network with banks which may address this in a policy. I suspect there may be a convergence between state laws, ingress/egress requirements, and lien perfection in the answer to your question.
Answer:
by Richard Insley
Since the purpose of such a policy should be to prevent loan losses that will result from inadequate credit evaluation and/or collateral, much of the policy will hinge on legal counsel's advice about the documentation necessary to perfect whatever liens are possible.
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