Whenever classifying payday advances, examiners should reference the Retail Classification Policy since the supply document

Whenever classifying payday advances, examiners should reference the Retail Classification Policy since the supply document Examiners would typically perhaps maybe not classify loans which is why the institution has documented sufficient spending capacity for the obligors and/or adequate security security or credit improvement. Renewals/Rewrites The Retail Classification Policy establishes directions for extensions, deferrals, renewals, or…