Webinar: Guidelines for OREO

Tuesday, February 26, 2013

Speaker: S Wayne Linder, Young & Associates, Inc.

About the Program

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.

HIGHLIGHTS

Valuation, flood, and IRS requirements
Maintaining properties
Selling and financing that transaction
Possible regulatory classification of OREO
Call report reporting
Accounting for OREO

Related Files

Printable Brochure (Adobe PDF File)