Credit Evaluation School Dec 2022

Internal Use Only

Description of Collateral

• Type of Collateral • Examples: Real Estate, Inventory, Accounts Receivable, Automobiles, etc. • Location of Collateral (out of trade area) • Appraised value or estimated value

13

Internal Use Only

Description of Collateral • Note if estimates of the value higher or lower than appraised value • Note if internal or external appraisal & date of valuation if pertinent to classification • Specialized collateral or work in progress may need special consideration • Appraisal violations should be noted only

14

Pge 7