INTERNAL LOAN REVIEW. (1) The Board shall within sixty (60) days employ or designate a sufficiently experienced and qualified person(s) or firm to ensure the timely and independent identification of problem loans and leases.
INTERNAL LOAN REVIEW. (1) Within sixty (60) days, the Board shall establish an effective, independent and ongoing loan review system to review the Bank's loan and lease portfolios to assure the timely identification and categorization of problem credits. The 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” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:
INTERNAL LOAN REVIEW. (1) The Board shall, within sixty (60) days of the date of this Agreement, employ or designate a sufficiently experienced and qualified person(s) or firm to ensure the timely and independent identification of problem loans and leases. At a minimum, the Board shall:
INTERNAL LOAN REVIEW. (1) Within sixty (60) days, the Board shall develop, implement, and thereafter ensure Bank adherence to systems which provide for effective monitoring of early problem loan identification to assure the timely identification and rating of loans and leases based on lending officer submissions.
INTERNAL LOAN REVIEW. (1) The Board shall within thirty (30) days ensure that the Association’s current loan review firm is timely and accurately identifying problem loans and leases; as well as develop and implement effective strategies to reduce the Association’s level of problem loans. (2) Within sixty (60) days, the Board shall establish an effective, independent and on-going loan review system to review, at least quarterly, the Association’s loan and lease portfolios to assure the timely identification, categorization and classification of problem credits in accordance with 12 C.F.R. § 160.160. The 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 the “Asset Quality” section of the OTS Examination Handbook. Such reports shall include, at a minimum, conclusions regarding:
INTERNAL LOAN REVIEW. (1) By April 30, 2001, the Board shall employ or designate a sufficiently experienced and qualified person(s) or firm to ensure the timely and independent identification of problem loans and leases.
INTERNAL LOAN REVIEW. (1) Within thirty (30) days, the General Manager shall ensure that the Branch’s loan review system is effective and independent and that the on-going loan review system reviews, at least quarterly, the Branch's loan and lease portfolios to assure the timely identification and categorization of problem credits. The system shall provide for a written report to be filed with the General Manager after each review and shall use a loan and lease grading system consistent with the guidelines set forth in the Comptroller’s Handbook for Rating Credit Risk dated April 2001. Such reports shall, at a minimum, include conclusions regarding:
INTERNAL LOAN REVIEW. (1) Within thirty days of the date of this FA, the Board shall establish, implement, and thereafter ensure Bank adherence to an effective, independent and on- going loan review system to review, at least quarterly, the Bank's loan and lease portfolios to validate the grades assigned by the lending staff and assure the timely identification and categorization of problem credits. The 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” booklet of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:
INTERNAL LOAN REVIEW. (1) The Board shall, within thirty (30) days, retain a qualified external consultant to review the Bank’s commercial loan portfolio of credits of $100,000 and over. The appointment of the consultant shall be subject to review by the Assistant Deputy Comptroller, who shall have veto authority over the appointment.
INTERNAL LOAN REVIEW. The Board shall within sixty (60) days employ or designate a sufficiently experienced and qualified person(s) or firm to ensure the timely and independent identification of problem loans and leases. Within sixty (60) days, the Board shall establish an effective and on-going loan review system to review, at least quarterly, the Bank's loan and lease portfolios to assure the timely identification and categorization of problem credits. The 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 conclusions regarding:
