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CM-1.4.15

Conventional bank licensees must perform regular credit reviews. The purpose of a credit review is to verify that credits are granted in accordance with the licensee’s credit risk policy and to provide an independent judgment of asset quality. Conventional bank licensees must conduct credit reviews with updated information on the obligor’s financial and business conditions, as well as the conduct of the account. Exceptions noted must be evaluated for impact on the obligor’s creditworthiness.

Added: June 2022