Loan Policy and Document Restatement

[cpc0506]

Do the Loan Policy need to be updated and signed with each restatement of the Plan.

Client came to us with a new GUST document and provided a signed Loan Policy effective 1/1/2007. Document was restated timely for EGTRRA but client did not receive a new loan policy. Is this okay?

[12AX7]

Has any part of the loan procedures changed after 1/1/2007? If not, I see no reason to update the policy provided that nothing in it goes afoul of 72(p) or the current plan document.