Guidelines for OREO
Date: Aug 26, 2013 12:00 PM - 01:30 PM
Location: OnlinePrice: $200 for Archived Link & CD, $169 for Small CUs (Link Only)
This webinar was originally presented on 2/26/2013. Archives are available for six months after this date.
Financial regulators are reviewing your institution’s Other Real Estate Owned (OREO) policies and procedures during safety and soundness examinations. They expect management to have developed an OREO policy that provides guidelines for acquiring, holding, and disposing of OREO in accordance with credit union regulations and guidance statements, instructions for preparation of the call report, as well as compliance with generally-accepted accounting principles.
- Valuation, flood, and IRS requirements
- Maintaining properties
- Selling and financing that transaction
- Possible regulatory classification of OREO
- Call report reporting
- Accounting for OREO
WHO SHOULD ATTEND?
This informative session is directed to senior management including CEOs, CFOs, as well as treasurers, risk managers, auditors, loan review personnel, and anyone responsible for analyzing and documenting OREO transactions.
Attendance verification for CE credits provided upon request.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.
ABOUT THE PRESENTER – S. Wayne Linder, Young & Associates, Inc.
With over 30 years as a banking veteran, Wayne Linder was formerly the CEO of a community bank. At Young & Associates, Inc., Wayne works as a senior lending and management consultant. He performs loan reviews; assists financial institutions under regulatory enforcement agreements; performs management and board of director assessments; and develops and implements written policies throughout all areas of the financial institution.
Wayne is a popular seminar speaker with both national and international experience. In addition to his many published articles, he is the author of Loan Review Deskbook.
For registration options, click here.