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Accounting Procedures Manual
580 Pages - $495

The Customer Credit Policy Procedure outlines the activities and responsibilities in obtaining a credit approval for a potential customer before sales orders are processed.

The customer credit procedure reduces potential collection problems for your company. The credit policy also provides a process to evaluate and approve new customer accounts or customer credit limit increases through the use of credit scoring. (16 pages, 3694 words)

Activities Covered in the Customer Credit Policy Procedure

• Credit Application
• Credit Investigations
• Credit Approval/Rejection
• Additional Information Resources

References Used in the Customer Credit Policy Procedure

• Equal Credit Opportunity Act (ECOA)
• Truth In Lending Act (TILA)
• Fair Credit Billing Act (FCBA)
• Fair Credit Reporting Act (FCRA)
• FRB REG B: Equal Opportunity Act
• FBR REG M: Consumer Lending Act
• FBR REG Z: Truth In Lending Act

Forms Included in the Customer Credit Policy Procedure

• Credit Application Form
• Request for Credit Approval Form
• Credit Inquiry Form