CREDIT AND COLLATERAL EXCEPTIONS. (1) Within ninety (90) days the Board shall obtain current and satisfactory credit information on all loans lacking such information, including those listed in the XXX, in any subsequent Report of Examination, in any internal or external loan review, or in any listings of loans lacking such information provided to management by the National Bank Examiners at the conclusion of an examination.
CREDIT AND COLLATERAL EXCEPTIONS. (1) Within ninety (90) days, the Board shall take action to obtain current and satisfactory credit information on all loans over twenty-five thousand dollars ($25,000) lacking such information.
CREDIT AND COLLATERAL EXCEPTIONS. (1) To the extent possible, the Board shall ensure that the Bank obtains current and satisfactory credit information on all loans lacking such information, including those listed in the XXX, in any subsequent Report of Examination, in any internal or external loan review, or in any listings of loans lacking such information provided to management by the National Bank Examiners at the conclusion of an examination.
CREDIT AND COLLATERAL EXCEPTIONS. (1) Effective immediately, the Bank may grant, extend, renew, alter or restructure any loan or other extension of credit only after:
CREDIT AND COLLATERAL EXCEPTIONS. (1) Within thirty (30) days, the Board shall develop implement, and thereafter ensure Bank adherence to a written program to reduce the level of documentation exceptions. The program shall include at a minimum the following:
CREDIT AND COLLATERAL EXCEPTIONS. (1) Except as otherwise provided herein, the Bank shall obtain current and complete credit information on all loans lacking such information, including those listed in the most recent Report of Examination (within sixty (60) days from the effective date of this Agreement), in any subsequent Report (within sixty (60) days from the issuance of such Report), in any internal or external loan review (within sixty (60) days from the completion of such review), or in any listings of loans lacking such information provided to management by the National Bank Examiners (within sixty (60) days from receipt of such listing). The Bank shall maintain a list of any credit exceptions that have not been corrected within the timeframe discussed above. This list shall include an explanation of the actions taken to correct the exception, the reasons why the exception has not yet been corrected, and a plan to correct the exception.
CREDIT AND COLLATERAL EXCEPTIONS. (1) Within sixty (60) days, the Bank shall make best efforts to obtain current and satisfactory credit information on all loans lacking such information, including those listed in the XXX, in any subsequent Report of Examination or in any internal or external loan review.
CREDIT AND COLLATERAL EXCEPTIONS. (1) Within ninety (90) days of the date of this Agreement, the Board shall make diligent efforts to obtain current and satisfactory credit information on all loans lacking such information, including those listed in the 2009 XXX, the 2010 XXX, in any subsequent Report of Examination, in any internal or external loan review, or in any listings of loans lacking such information provided to management by the National Bank Examiners at the conclusion of an examination. These efforts shall include, at a minimum, having loan officers contact borrowers and guarantors both in writing and by phone to request the current financial information. For commercial credit exposures in excess of $1 million that are lacking adequate financial information, loan officers shall, at a minimum, visit the borrower’s place of business to observe the borrower’s business operations and request the current financial information from the borrower and guarantor.
CREDIT AND COLLATERAL EXCEPTIONS. (1) The Bank shall obtain current and complete credit information on all loans lacking such information, including those listed in the most recent Report of Examination (within sixty (60) days from the effective date of this Agreement), in any subsequent Report of Examination (within sixty (60) days from the issuance of such Report of Examination), in any internal or external loan review (within sixty (60) days from the completion of such review), or in any listings of loans lacking such information provided to management by the National Bank Examiners at the conclusion of an examination (within sixty (60) days from receipt of such listing). The Bank shall maintain a list of any credit exceptions that have not been corrected within the timeframe discussed
CREDIT AND COLLATERAL EXCEPTIONS. (1) Within sixty (60) days, the Board shall ensure that all existing loans exceeding five thousand dollars ($5,000) have been reviewed by management and applicable credit and collateral documentation exceptions have been identified.
