The amount of loan offered and the interest accrued is subject to change without prior notice. Applications for the loan must be completed by the requester and duly signed by the HR and the Accounts department. All loans are processed as accounts payable. The loan amount cannot be paid directly to the employee through the payroll system. Overview of Fair Lending Laws and Regulations This overview provides a basic and abbreviated discussion of federal fair lending laws and regulations. It is adapted from the Interagency Policy Statement on Fair Lending issued in March 1994. The Equal Credit Opportunity Act (ECOA) prohibits discrimination in any aspect of a credit transaction. A documentation charge of Rs.1000/- is payable by the applicant per loan. The security documents will be executed in two sets, one of which will be given to the applicant for records. fFor vehicle loans, company additionally secures the loan by getting its lien recorded on the Registration Certificates of vehicle. • Policy regarding entering loan structure changes in documentation/filing systems and in portfolio management software This section will provide prompts to describe: • Loan Loss Reserve Policy and its relationship to the risk rating system • Role of guarantee programs in determining loan loss reserve 14. DISPERSAL OF LOAN 15. The amount of loan offered and the interest accrued is subject to change without prior notice. Applications for the loan must be completed by the requester and duly signed by the HR and the Accounts department. All loans are processed as accounts payable. The loan amount cannot be paid directly to the employee through the payroll system. • Bank and the Co-Lending partners will agree for common credit policy within which the customer sourcing / booking need to be undertaken and standard operating process for due diligence activity. • Co-lending Credit Policy of the bank will be in line with the overall approved policy framework of the respective product. 4. Due Diligence View Lending Policy.pdf from FINA 2343 at The University of Hong Kong. Lending Policy Equities Tracker Fund Hang Seng Index Stock Non- Hang Seng Index The policy covers essential features of the Co-Lending Model as stipulated by Reserve Bank of India, which inter-alia include, the criteria for selection of partner institutions, terms and conditions of Master Agreement to be entered into between the two partner institutions, terms Education Loan is provided to facilitate professional & job oriented education for the eligible persons from targeted Minority communities. Scheme parameters in brief are given below:- S. No. Parameters Scheme Details Credit Line-1 Credit Line-2 1. Loan Amount Maximum Loan amount per beneficiary is:-- Up to Rs.20.00 Lakhs for 'Professional requirements set out in this Policy, the stricter standard shall apply. II. GENERAL OVERVIEW & EXPLANATION. Fair lending laws are meant to ensure fair and equal access to credit in the marketplace. Various federal and state laws address fair lending. It is the Company's policy to ensure adherence to all applicable fair lending laws and Fair Lending Policy 146 South Liberty Dr. Unit 11B P.O. Box 121 Stony Point, NY 10980 845-942-0020 * Fax 845-942-2810 . In addition, it is against this company's policy to discriminate against a loan applicant or a borrower on the prohibited basis of race, color, religion, national origin, sexual orientation,