12 CFR 616.6300 - Leasing policies, procedures, and underwriting standards.

§ 616.6300 Leasing policies, procedures, and underwriting standards.
The board of each institution engaged in lease underwriting must adopt a written policy (or policies). Management, at the direction of the board, must develop procedures that reflect lease practices that control risk and comply with all applicable laws and regulations. Any leasing activity must comply with the lending policies and loan underwriting requirements in § 614.4150 of this chapter. An institution engaged in the making, buying, or syndicating of leases also must adopt written policies and procedures that address the additional risks associated with leasing. Written policies and procedures must address the following, if applicable:
(a) Appropriateness of the lease amount, purpose, and terms and conditions, including the residual value established at the inception of the lease;
(b) Process for estimating the leased asset's market value during the lease term;
(c) Types of equipment and facilities the institution will lease;
(d) Remarketing of leased property and associated risks;
(e) Property tax and sales tax reporting;
(f) Title and ownership of leased assets;
(g) Title and licensing for motor vehicles;
(h) Liability associated with ownership, including any environmental hazards or risks;
(i) Insurance requirements for both the lessor and lessee;
(j) Classification of leases in accordance with generally accepted accounting principles; and
(k) Tax treatment of lease transactions and associated risks.

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code
U.S. Code: Title 12 - BANKS AND BANKING

§ 2011 - Establishment, charters, titles, branches

§ 2013 - General corporate powers

§ 2014 - Farm Credit Bank capitalization

§ 2015 - Lending authority

§ 2017 - Eligibility

§ 2018 - Security; terms

§ 2019 - Purposes for extensions of credit

§ 2071 - Organization and charters

§ 2073 - General corporate powers

§ 2074 - Production credit association capitalization

§ 2075 - Short- and intermediate-term loans; participation; other financial assistance; terms; conditions; interest; security

§ 2091 - Organizations; articles; charters; powers of the Farm Credit Administration

§ 2093 - General corporate powers

§ 2094 - Federal land bank association capitalization

§ 2097 - Liens on stock

§ 2121 - Establishment; titles; branches

§ 2122 - Corporate existence; general corporate powers

§ 2124 - Stock of banks for cooperatives

§ 2128 - Loans, commitments, and technical and financial assistance

§ 2129 - Eligibility

§ 2130 - Ownership of stock by borrowers

§ 2131 - Loans

§ 2141 - Charter, powers, and operation

§ 2149 - Lending limits

§ 2154 - Capital adequacy of banks and institutions

§ 2154a - Capitalization of System institutions

§ 2199 - Disclosure

§ 2200 - Access to documents and information

§ 2201 - Notice of action on application

§ 2202 - Reconsideration of actions

§ 2202a - Restructuring distressed loans

§ 2202c - Review of restructuring denials

§ 2202d - Protection of borrowers who meet all loan obligations

§ 2202e - Waiver of mediation rights by borrowers

§ 2206 - Participation loans

§ 2206a - Authority of Farm Credit Banks and direct lender associations to participate in loans to similar entities for risk management purposes

§ 2211 - Establishment

§ 2212 - Powers of Farm Credit Administration

§ 2213 - Regulation and examination

§ 2214 - State laws

§ 2219a - Right of first refusal

§ 2219b - Application of uninsured accounts

§ 2243 - Powers of Board

§ 2244 - Chairman; responsibilities; governing standards

§ 2252 - Powers and duties

§ 2279a - Power to merge

12 U.S. Code § 2279a–2 - Powers of merged banks

12 U.S. Code § 2279a–3 - Capitalization

§ 2279b - Transfer of lending authority

12 U.S. Code § 2279c–1 - Merger of associations

§ 2279f - Merger of similar banks

12 U.S. Code § 2279f–1 - Merger of similar associations