On February 12, the Office of the Comptroller of the Currency (OCC) issued the “Installment Lending” booklet of the Comptroller’s Handbook. This revised booklet updates and replaces the “Installment Loans” booklet issued in March 1990 (and examination procedures issued in March 1998). The revised booklet also replaces section 217, “Consumer Lending,” issued in January 2000 as part of the former Office of Thrift Supervision Examination Handbook, for examining federal savings associations. The revised booklet incorporates national bank and federal savings association statutes and regulations, guidance and examination procedures. The booklet also provides updated guidance to examiners on assessing and managing the risks associated with installment lending activities.
The OCC’s booklet is available here.