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Wednesday, October 28, 2015

OCC Updates Guidance on Floor Plan Lending

The OCC updated its Comptroller’s Handbook guidance on floor plan lending, consolidating information from booklets previously issued in 1990, 1994 and 1998. The revised booklet provides an overview of the floor plan lending business — a form of inventory financing associated with vehicle dealers and sellers of large durable goods — associated risks and sound risk management practices, as well as examination procedures and tools for examiners.

Read the booklet.

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