The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is LOAN COMMITTEE

Bank management committee comprised of senior managers and experienced loan officers. Evaluates and decides some loan applications. Normally considers loans exceeding the forwarding loan officer’s lending authority or that require special attention based on an applicant’s credit history or other factors. The committee reviews an applicant’s financial statements and credit information to stay in compliance with the bank’s lending processes and legal obligations. The current economic trends strongly influence the loan decision.

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