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4.3. Elements of an Independent Credit Review System

Status: In-Force

Effective from Jan 01 2024 - Dec 31 2003
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An institution’s written policy on its independent credit review system should address the following elements: 
 
Qualifications of credit review personnel
 
Independence of credit review personnel
 
Frequency of reviews
 
Scope of reviews
 
Depth of reviews
 
Review of findings and follow-up
 
Workpaper and report distribution