Under the Interagency Guidance on Subprime Lending (1999), lending policies must be comprehensive and cover various aspects of the lending operation. This includes being appropriate to the size and complexity of the operation, addressing the types of products offered and those not authorized, and requiring proper credit file documentation. These measures are designed to ensure that lending practices are prudent, well-documented, and aligned with the institution's capabilities and risk management practices.
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Cam22
4 months agoJessyJazz24
9 months, 2 weeks ago