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Classification Example: Violation Cited Elsewhere

This line is in excess of the bank’s legal lending limit. Refer to Violations of Law and Regulations section of this report.

Management’s Comments, Plans and/or Prospects • This can be in the write-up before classification or included in classification comments • Include management comments regarding the problem with the credit and/or borrower • Include any plan’s management has to remedy the problem or work with the borrower • Include management’s response to the classification – agree/disagree