Common use of EXTERNAL LOAN REVIEW Clause in Contracts

EXTERNAL LOAN REVIEW. (1) The Board shall employ a qualified consultant to perform quarterly asset quality reviews of the Bank’s loan portfolio. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:

EXTERNAL LOAN REVIEW. (1) The Board shall employ a qualified consultant to perform quarterly semi-annual asset quality reviews of the Bank’s loan portfolio. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:

EXTERNAL LOAN REVIEW. (1) The Board shall employ a qualified consultant to perform quarterly semi-annual asset quality reviews of the Bank’s loan portfolio. The external loan review system shall provide for a written report to be filed with the Board after each review review, shall address relevant issues discussed in OCC Bulletin 2006-47, and shall use a loan and lease grading system consistent with the guidelines set forth in the “Rating Credit Risk, A-RCR, ” booklet of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:

EXTERNAL LOAN REVIEW. (1) The Effective immediately, the Board shall continue to employ a qualified consultant to perform quarterly semi-annual asset quality reviews of the Bank’s loan portfolio. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, Risk of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding: