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OCC Bulletin 2016-3
February 12, 2016
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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 “Installment Lending” booklet of the Comptroller’s Handbook. This revised booklet updates and replaces the “Installment Loans” booklet issued in March 1990 (and examination procedures issued in March 1998). The revised booklet also replaces section 217, “Consumer Lending,” issued in January 2000 as part of the former Office of Thrift Supervision Examination Handbook for examining federal savings associations.
The revised booklet incorporates national bank and federal savings association statutes and regulations, guidance, and examination procedures. The booklet also provides updated guidance to examiners on assessing and managing the risks associated with installment lending activities.
The “Installment Lending” booklet applies to examinations of all national banks and federal savings associations engaged in installment lending activities.
The “Installment Lending” booklet
For further information, contact David R. Henry, Credit Risk Division, at (202) 649-5866.
Jennifer C. Kelly
Senior Deputy Comptroller and Chief National Bank Examiner