12 C.F.R. § 23.6 Application of lending limits; restrictions on transactions with affiliates.
Title 12 - Banks and Banking
A lease entered into pursuant to this part is subject to the lending limits prescribed by 12 U.S.C. 84 or, if the lessee is an affiliate of the bank, to the restrictions on transactions with affiliates prescribed by 12 U.S.C. 371c and 371c–1. The OCC may also determine that other limits or restrictions apply. The term affiliate means an affiliate as defined in 12 U.S.C. 371c or 371c–1, as applicable. For the purpose of measuring compliance with the lending limits prescribed by 12 U.S.C. 84, a national bank records the investment in a lease net of any nonrecourse debt the bank has incurred to finance the acquisition of the leased asset.
Title 12: Banks and Banking
PART 23—LEASING
Subpart A—General Provisions
§ 23.6 Application of lending limits; restrictions on transactions with affiliates.
