Fil-12-2013 Electronic Data Fields

Fil-12-2013 Electronic Data Fields

Wednesday, May 15, 2013

The Interagency Loan Data Request, or ILDR, has been around for quite a while now. In 2002, the State supervisors and the federal bank agencies implemented this voluntary process of providing loan information in an electronic format before an examination. Institutions simply upload the file to their regulators' secure site.

Every core system produces this file and I think for the most part institutions have been providing the data; however, there really has been no audit of the quality of the data at least until now.

It seems that the FDIC is going to be making better use of the data in the future. Although the agency is not changing the format or layout of the file, the agency is increasing the number of required fields from 5 to 30 for examinations starting on September 30, 2013.

A review of the new Required Fields reveals them to be Borrower Location information, Lending Officer, Original Amount and Date, Maturity Date, Interest Rate, Note Risk Rating, FFIEC code, and several fields related to past due and TDR status.

For more information visist the FDIC website.

Add new comment