Credit Evaluation School - October 2023

Internal Use Only

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

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Internal Use Only

DESCRIPTION OF COLLATERAL • Note if loan officer estimates the value higher or lower than the appraised value • Note if internal or external appraisal and date of valuation if it is pertinent to the classification • Specialized collateral or work in progress may need special consideration • Appraisal violations should be noted only, not restated

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