12 CFR 23.11
§ 23.11 Lease term.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 23.11, § 23.11 Lease term, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43262
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.