Floor Plan Lending Occ

This booklet addresses the risks associated with floor plan lending and discusses risk management practices for floor plan lending.

Floor plan lending occ. This revised booklet updates and replaces the floor plan loans booklet issued in march 1990 and examination procedures issued in may 1998. News release sep 29 2020. Each bank is different and may present specific issues. Occ releases bank supervision operating plan for fiscal year 2021.

Replaced 4 by comptroller s handbook floor plan lending. Floor plan and indirect lending. Lease financing january 2017 covers the types of leases national banks and federal savings associations may engage in statutory and regulatory information for leasing risks and definitions of. Agencies issue two final rules.

Items subject to floor plans include automobiles manufactured homes large home appliances furniture equipment boats and other types of. Floor plan lending january 2017 provides an overview of the floor plan lending business associated risks and sound risk management practices. Comptroller s handbook 1 floor plan lending introduction the office of the comptroller of the currency s occ comptroller s handbook booklet floor plan lending is prepared for use by occ examiners in connection with their examination and supervision of national banks and federal savings associations collectively banks. Section 2040 1 loan portfolio management section 2045 1 loan participations the agreements and participants section 2080 1 commercial and industrial loans section 2082 1 loan sampling program for certain community banks section 2110 1 floor plan loans section 2115 1 leveraged financing section 2120 1 direct financing leases.

Replaced 4 by comptroller s handbook floor plan lending. The office of the comptroller of the currency s occ comptroller s handbook is prepared for use by occ examiners in connection with their examination and supervision of national banks federal savings associations and federal branches and federal agencies of foreign banking organizations collectively banks. This booklet applies to the occ s supervision of national banks and federal savings associations. The dispute arose because the floor plan lender refused to turn over possession of the certificate of title.

Occ releases cra evaluations for 12 national banks and federal savings associations. Floor plan lender thus allowing the retail lender s lien to take first priority. Occ bulletin 2015 39 announced the occ is issuing the floor plan lending booklet of the comptroller s handbook. When a certificate of title is not transferred to the buyer the court in bank one found that a buyer s purchase of a vehicle was not sufficient.

News release oct 01 2020.