What is LENDING POLICY?

Philosophy, standards, and guidelines of a lending institution's lending approach. Its employees must comply with this approach in granting or refusing a loan request. Must have basis in the country's relevant laws and regulations. Industry or business sector to get approved loans and those avoided are defined in this approach.

More On This Topic




Link to This Definition

Did you find this definition of LENDING POLICY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary