Floor Plan Lending Occ

This booklet addresses the risks associated with floor plan lending and discusses risk management practices for floor plan lending.

Floor plan lending occ.

Each bank is different and may present specific issues. Bibtex misc risk15comptroller shandbook author market risk title comptroller s handbook i floor plan lending year 2015. The booklet also replaces section 216 floor plan and indirect lending issued in january 1994 as part of the former office of thrift. Floor plan lending is a form of inventory financing for sellers of retail goods in which each loan advance is made against a specific piece of collateral.

The court citing a handbook published by the office of comptroller of the currency occ to guide occ examiners in their oversight and supervision of the lending practices of national banks and federal savings associations found that a prudent floor plan lender may hold the title documents to its collateral even when perfection of its. This booklet applies to the occ s supervision of national banks and federal savings associations. Occ bulletin 2015 39 announced the occ is issuing the floor plan lending booklet of the comptroller s handbook. The office of the comptroller of the currency s occ comptroller s handbook is prepared for use by occ examiners in connection with their examination and supervision of national banks federal savings associations and federal branches and federal agencies of foreign banking organizations collectively banks.