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OCC Bulletin 2015-39
October 27, 2015
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Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
The Office of the Comptroller of the Currency (OCC) issued today the “Floor Plan Lending” booklet of the Comptroller’s Handbook. This revised booklet updates and replaces the “Floor Plan Loans” booklet issued in March 1990 (and examination procedures issued in May 1998). The booklet also replaces section 216, “Floor Plan and Indirect Lending,” issued in January 1994 as part of the former Office of Thrift Supervision Examination Handbook for the examination of federal savings associations.
The revised booklet provides examiners with an overview of the floor plan lending business, associated risks, and sound risk management practices. The booklet also provides examiners with expanded examination procedures and tools to use during supervisory activities that focus on this type of lending.
This booklet applies to examinations of all national banks and federal savings associations engaged in floor plan lending.
The “Floor Plan Lending” booklet
For further information, contact Grant Wilson, Director for Commercial Credit Risk, at (202) 649-6670.
Jennifer C. Kelly
Senior Deputy Comptroller and Chief National Bank Examiner