DFI-CU 72.05 HistoryHistory: CR 02-034: cr. Register August 2002 No. 560, eff. 9-1-02. DFI-CU 72.06DFI-CU 72.06 Member business loan policy requirements. A credit union’s member business loan policy shall include all of the following: DFI-CU 72.06(3)(3) The maximum amount of the credit union’s assets, in relation to net worth, that it will invest in member business loans. DFI-CU 72.06(4)(4) The maximum amount of the credit union’s assets, in relation to net worth, that it will invest in a given type of business loan. DFI-CU 72.06(5)(5) The maximum amount of the credit union’s assets, in relation to net worth, that it will loan to a member or associated members, subject to s. DFI-CU 72.08. DFI-CU 72.06(6)(6) The qualifications and experience of personnel involved in making and administering business loans. DFI-CU 72.06(7)(7) A requirement for analysis and documentation of the ability of the borrower to repay the loan. DFI-CU 72.06(8)(8) A requirement for the receipt and periodic updating of financial statements and other documentation, including tax returns. DFI-CU 72.06(9)(9) A requirement for documentation sufficient to support each request to extend credit, or increase an existing loan or line of credit, except where the board of directors finds that the required documentation is not generally available for a particular type of loan and states the reasons for those findings in the credit union’s written policies. The documentation shall include all of the following: DFI-CU 72.06(10)(e)(e) A schedule as to how often the credit union will reevaluate the value and marketability of collateral. DFI-CU 72.06(13)(13) Identification of those individuals prohibited from receiving member business loans.