Friday, January 24, 2020
Important Elements of a Written Loan Policy :: essays research papers
Assignment # 4 1)     One of the most important ways a bank can make sure its loans meet regulatory standards and are profitable is by establishing a written loan policy. A loan policy gives loan officers and the bank’s management specific guidelines in making some loan decisions and in shaping the over all portfolios of the bank. The following are the most important elements of a Written Loan Policy;      1.     Statements of Lending: A statement that defines the type of loan, its maturities, quality and the size of loans.      2.     Establish a Lending Authority: It should clearly define who is authorized to a loan      3.     Establish Lines of Responsibility: It is making sure that all the information is reported to its department.      4.     Operating Procedure: There should be appropriate operating procedures for soliciting, reviewing, evaluating, and making decisions on customer loan application.      5.     Required Documents: All the required documents should be obtained for every loan application and must be filed properly.      6.     Lines of Authority: Responsibility for maintaining and reviewing the bank’s credit files should be well defined.      7.     Guidelines: Proper guidelines must be given as to how you can take a loan, evaluate it and perfect a loan.      8.     Policies’ & Procedures: Policies’ & Procedures for establishing interest rates, payments, fees and repayments must be present.      9.     Establish Quality Standards: A statement of quality standards applicable to all loans. That is, if a person does not meet the standards then the loan should be denied.      10.     Establishing Upper Limit to Loans: A statement defining the upper limit to a loan beyond which a loan cannot be allowed      11.     Define its Community: A description of the bank’s principal trade area, which most loans should come from.      12.     Trouble Loan: A discussion of the preferred procedures for detecting, analyzing, and working out problem loan situations.                     For loan to be good three conditions should be fulfilled, ie. First that the borrower should be creditworthy. Which could be known by a detailed study of the following six aspects:      †¢Ã‚     Character: The loan officer must know the purpose of the loan and make sure that the customer will be able to make the repayment of the loan. He should also determine that the borrower has a responsible attitude towards using borrowed funds, is truthful in answering the bank’s questions and willing to make every effort to repay what is owned.      †¢Ã‚     Capacity: The loan officer must make sure the borrower has the authority to request a loan and the legal standing to sign a loan agreement.      †¢Ã‚     Cash: The loan officer should make sure that the borrower has a stable stream of income and the ability to repay the loan.
Thursday, January 16, 2020
American History X Essay
American History X is a film that centered on two brothers and how their lives changed when their father died. The story revolved around discrimination and racism. But most importantly, the movie emphasized the capability of an individual to change. The main character, Derek Vinyard, transformed into a racist when his father died â€Å"in the line of duty by a minority†and when he killed two black men who tried to rob him. Before he entered prison, Derek had already a preconceived notion that Blacks were menace to the society and that the Whites were the superior race. However, inside the penal complex, he found out that â€Å"there is good and bad in every race. †So to prevent his younger brother, Danny, from committing the same mistakes, Derek encouraged him to be open-minded and disregard all the things that were inculcated to him when they were members of the Neo-Nazi group (IMDb). This movie was able to show three sociological concepts namely: differential association, racism and social inequality. Differential association is a learning theory which focused on the processes by which individuals come to commit criminal acts (Hamlin). In the film, this was shown when Derek joined the neo-Nazi group; he started to adapt a more delinquent lifestyle like thrashing the local grocery store. Meanwhile, racism is defined as the idea that race sets the difference in the personality or competency of an individual which results to some race being better than the others (Eckert). This concept was portrayed when Seth and Danny were having a conversation. Seth asked Danny who he hated and Danny replied, â€Å"I hate anyone that isn’t white Protestant. They’re a burden to the advancement of the white race†(Kaye). Lastly would be social inequality which refers to the â€Å"ways in which socially-defined categories of persons (according to characteristics such as gender, age, ‘class’ and ethnicity) are differentially positioned with regard to access to a variety of social ‘goods’ like education†(Centre for East European Language-Based Area Studies). In the movie, this was represented when two Black guys were trying to steal Derek’s truck. This shows how some races are well off than the others because they have better jobs, houses and benefits. I think American History X is an eye-opening film about the presence of discrimination, prejudice and hatred in the society due to difference in race. More so, the movie tried to relay the message that delinquency is learned and it can be unlearned if an individual is put in a better environment. When Derek went to prison, he realized that race was not a major issue that separated one individual from another; it was more on how a person presented himself/herself to a group. In the end, it would always be every man for himself in this dog eat dog world. Works Cited â€Å"American History X. †2009. IMDb. 28 May 2009 American History X. Dir. Tony Kaye. New Line Cinema, 1999. â€Å"New Dimensions of Social Inequality? †n. d. Centre for East European Language-Based Area Studies. 28 May 2009 Eckert, Susan. â€Å"What is Racism, Prejudice, Discrimination, Bias, and Xenophobia? 7 December 2007. Suite101. com. 28 May 2009 Hamlin, John. â€Å"Differential Association Theory. †March 2006. University of Minnesota Duluth. 28 May 2009
Tuesday, January 7, 2020
Diversity Within The Workplace And How Communication Is...
Diversity in the workplace and how communication is the driving force behind it. Workplace diversity can be described as â€Å"all the differences in age, gender, sexual orientation, education, cultural background, religion, and life experience†(Okora Washington, 2012, as cited in Mulkeen, 2008). Another functional definition of diversity is being cultural, racial, or sex-based. An organization’s definition and viewpoint concerning diversity guides the strength of its employees to connect and communicate adequately and profit from the betterment of diversity (Lambert, 2016). Many arguments were covered throughout the literature; however, this review will center on three primary themes: increase of globalization in the United States, the relationship between workplace diversity and communication, cited last are the barriers to intercultural communication in a diverse workplace. The literature presents these themes in a variety of ways; however, the highlight of this analytical review is the employment of communication, and its relation to workplace diversity and an organizations success. This review will not focus on any one aspect of diversity, i.e. race or any particular race, but rather diversity as a whole; articles that were limited to one aspect of diversity were excluded from this review. The implementation of reinforced interpersonal communication skills is the leading influence of workplace diversity; it is for that reason this topic is worthy of exploration throughShow MoreRelatedBureaucratic Structures : Power And Authority1371 Words  | 6 Pagesand procedures within the bureaucratic structure stimulate strict discipline as an essential element for success. The organizations are impersonal places to work and do not conform to the needs of the workers. 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