Credit Evaluation School, Sacramento, CA

COLLATERAL AND VALUATION

1. Timely Appraisal and/or Valuation a. Signed by individual b. Dated c. Basis of 2. Qualifications of Evaluator 3. Originating Officer disallowed from both 4. Meet Regulatory mandates

INSURANCE

1. In place / non-expired or continuing coverage 2. Sufficient to cover value of collateral 3. Bank named as Loss Payee 4. Management may require vendor single interest (VSI) – blanket policy