FDIC updates manuals
The FDIC has released the September 2019 updates to its Risk Management Manual of Examination Policies. Section 3.2 (Loans) has been updated with revised loan evaluation instructions, technical updates for accounting, appraisal thresholds, syndicated lending instructions, and various technical edits to update terminology.
The FDIC also announced the September updates to its Compliance Examination Manual. Section IV-3.1 (Fair Lending Scope and Conclusions Memorandum) was revised to reflect changes to pre-examination interview questions and information requests made during the examination planning proceess, and Section V-6.1 (Flood Disaster Protection) was updated to incorporate the private flood insurance final rule’s provisions pertaining to the mandatory and discretionary acceptance of private flood insurance by financial institutions, the qualification process and acceptance of mutual aid society plans in satisfaction of the flood insurance purchase requirement; and minor technical changes.