Regulations last checked for updates: Jun 16, 2024

Title 12 - Banks and Banking last revised: Jun 11, 2024
§ 23.11 - Lease term.

A CEBA Lease must have an initial term of not less than 90 days. A national bank may acquire property subject to an existing lease with a remaining maturity of less than 90 days if, at its inception, the lease was a conforming lease.

authority: 12 U.S.C. 1
source: 61 FR 66560, Dec. 18, 1996, unless otherwise noted.
cite as: 12 CFR 23.11