The Office of the Comptroller of the Currency (OCC) recently announced the release of the "Commercial Real Estate Lending" booklet of the Comptroller's Handbook to replace the OCC's "Commercial Real Estate and Construction Lending" booklet issued in 1995. The booklet reflects guidance issued since the release of the 1995 booklet. Guidance topics include "prudent loan workouts, management of concentrations, stress testing, updated interagency appraisal guidelines, and statutory and regulatory developments in environmental risk management. Discussions of statutes and regulations governing federal savings associations have also been incorporated." The “Commercial Real Estate Lending” booklet also replaces sections 210, “Income Property Lending,” and 213, “Construction Lending,” of the former Office of Thrift Supervision’s (OTS) Examination Handbook issued in 2009 and 1994, respectively. For more, read the full press release.
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