GroundRules
12 CFR 23.1: Authority, purpose, and scope.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
- PART 23—LEASING
- Subpart A—General Provisions
(a) Authority. A national bank may engage in personal property lease financing transactions pursuant to 12 U.S.C. 24(Seventh) or 12 U.S.C. 24(Tenth).
(b) Purpose. The purpose of this part is to set forth standards for personal property lease financing transactions authorized for national banks.
(c) Scope. This part applies to the acquisition of personal property by a national bank for the purpose of, or in connection with, the leasing of that property.
Collected 2026-08-27T02:24:16Z. Source file · JSON