This course covers Recovery Strategy for LAP Loans, which involves understanding the scope, risk implications, and application of recovery and enforcement approaches for Loan Against Property (LAP) exposures within the Consumer LAP Credit workflow, particularly for accounts requiring structured assessment, clearly defined boundaries, and independent review. It evaluates key dimensions such as recovery scope, associated risk implications, timeliness of actions, and compliance requirements, with each representing a distinct assessment dimension that requires independent validation and documented rationale before any credit action is finalized.
It is distinct from portfolio diversification strategy, as it focuses on the structured identification and execution of recovery strategies for stressed or defaulted accounts, including enforcement prioritisation and resolution pathways, rather than broader portfolio-level strategies that address overall exposure distribution. Within Collections, Recovery & Enforcement Strategy, the senior credit leader sets portfolio limits, governs exception criteria, and drives strategic alignment across the Consumer LAP Credit function, shaping escalation scope and credit committee priorities.