Wis. Admin. Code Department of Financial Institutions DFI-CU 54.04 - Loan policies
The board of directors shall adopt written policies to direct the real estate lending activities. The loan policies shall be reviewed at least annually. The policies shall address, at a minimum, the following:
(1) Types of real estate mortgage loans that
will be offered.
(2) Percentage of
assets to be invested in real estate loans by category.
(3) The trade area for real estate mortgage
loans.
(4) Maturities of real
estate mortgage loans.
(5)
Appropriate limits and standards of creditworthiness applicable to real estate
loan approvals.
(6) Monitoring and
quality control standards.
(7)
Appraisal and valuation standards.
(8) Loan to value limitations on equity
loans.
(9) Asset liability/funds
management issues.
Notes
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