You are a consultant and hired by a newly chartered bank to write its policies regarding loan
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You are a consultant and hired by a newly chartered bank to write its policies regarding loan approval and disbursement. The policy book must cover the following contents in detail:
Pyramid of delegation authority with designation for loan approval
Procedure and parameters of loan department
Documentation requirements and timeline for approval
Review standard for loans and best practices
Collateral standard
Collection procedures
Expert Answer:
Answer rating: 100% (QA)
Approval Delegation provides Approvers with the ability to allow their pending and incoming approvals to be processed by another Approver for a given period of time This might be used if an Approver g... View the full answer
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