Important Issues in Establishing Tragedy Accounts
- Using a Real Payee
- Endorsement Risk
- Tragedy Victim as Owner?
- Tax-Deductible Entity
- Setting up a Trust
- UTMA Account
- Risk-Based Approach
- Bank-Sponsored Account
Guidelines for Residential Tract Development Loans
- Appraisal Methods
- Appraising Lots to be Developed
- Loan-to-Value Ratios
- Single-Unit Construction Loans
- Substituting/Releasing Collateral
- What is the Loan Amount?
- Commitment Duration
- Developing Too Many Lots
- Loans Exceeding LTV Ratios
- L.O.C. Borrowing Base