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.

Floor plan lending occ.

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. This booklet addresses the risks associated with floor plan lending and discusses risk management practices for floor plan lending. This booklet applies to the occ s supervision of national banks and federal savings associations. Floor plan lending is a form of inventory financing for sellers of retail goods in which each loan advance is made against a specific piece of collateral.

Items subject to floor plans include automobiles manufactured homes large home appliances furniture equipment boats and other types of. Each bank is different and may present specific issues. Occ bulletin 2015 39 announced the occ is issuing the floor plan lending booklet of the comptroller s handbook. The booklet also replaces section 216 floor plan and indirect lending issued in january 1994 as part of the former office of thrift.