Credit Evaluation School Instructor eBook - Oct 2023

Internal Use Only

Protection

Collateral consists of a first REM on the commercial building located in Iowa City, Iowa along with a blanket security agreement covering general business assets. An appraisal performed on 9-2-16 indicates an “as is” value of 950M and an “as completed” value of 1,350M.

Protection

The collateral paragraph covers Protection. What else might some Examiners include on their linesheets for Protection? Flood zone status; Environmental Issues;

Insurance; Ingress & Egress; Changes in value Let's talk Problem; where is this discussed?

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