12 C.F.R. §23.3 - Lease requirements
| Cite as | 12 C.F.R. §23.3 |
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3 firm's commentaries
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CFPB Expands Its Jurisdiction to Include Nonbank Auto Finance Companies
...an automobile lease that is not covered by the statutory definition but “qualifies as a full-payout lease and a net lease, as provided by 12 CFR 23.3(a),” and has an initial term of at least 90 days. The broader definition of automobile leases is important because it could cause certain non......
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CFPB Proposes Rule To Supervise Nonbank Auto Finance Companies
...automobile lease that is not covered by the statutory definition but “qualifies as a full-payout lease and a net lease, as provided by 12 C.F.R. 23.3(a)” and has an initial term of not less than 90 The CFPB notes in the supplementary information that the proposed expanded definition could c......
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CFPB Finalizes Rule to Supervise Nonbank Auto Finance Companies, Releases Auto Finance Examination Procedures for Banks, Nonbanks
...the CFPB. The additional definition includes an automobile lease that “qualifies as a full-payout lease and a net lease, as provided by 12 CFR 23.3(a),” has an initial term of not less than 90 days, and is not a “financial product or service” under Section 1002(15)(A)(ii) of Dodd-Frank. The......