- March 31, 2020
- Bulletin No: 2020-08
Collateral Verifications – 2020 Assigned Exception Rates
The Federal Home Loan Bank of Dallas’ (Bank) collateral verification requirements, which are more fully described in the Bank's Member Products and Credit Policy (MPCP), call for periodic reviews of members on blanket collateral status to determine the ineligible loan and document exception rates to be used to calculate borrowing capacity. Ineligible loan rates are determined by desktop reviews, and document exception rates are determined by onsite collateral verifications. Ineligible loan and document exception rates become outdated and are no longer valid after the end of the year following the most recent review.
For members on blanket collateral status that have never had a desktop review or onsite collateral verification, or that have outdated ineligible loan and/or document exception rates, the Bank's policy requires the application of default exception percentage rates. The exception rates are assigned based on a member's classification as either a Community Financial Institution (CFI) or Large Financial Institution (LFI), as defined in the MPCP for banks and thrifts, or as a credit union.

For additional information, please contact the Bank's Collateral Services department at 844.541.0597 (option 1).
Sincerely,
Gustavo Molina
Senior Vice President and Chief Banking Operations Officer
Sincerely,
Gustavo Molina
Senior Vice President and Chief Banking Operations Officer