# 12 CFR § 23.1: Authority, purpose, and scope

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-23.1

## Section

- **Citation:** 12 CFR § 23.1
- **Heading:** Authority, purpose, and scope
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY > PART 23—LEASING > Subpart A—General Provisions

## Text

(a) Authority. A national bank may engage in personal property lease financing transactions pursuant to 12 U.S.C. 24(Seventh) or 12 U.S.C. 24(Tenth).
(b) Purpose. The purpose of this part is to set forth standards for personal property lease financing transactions authorized for national banks.
(c) Scope. This part applies to the acquisition of personal property by a national bank for the purpose of, or in connection with, the leasing of that property.

## Nearby sections

- [12 CFR § 23.1 § 23.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.1.md)
- [12 CFR § 23.2 § 23.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.2.md)
- [12 CFR § 23.3 § 23.3 Lease requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.3.md)
- [12 CFR § 23.4 § 23.4 Investment in personal property.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.4.md)
- [12 CFR § 23.5 § 23.5 Requirement for separate records.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.5.md)
- [12 CFR § 23.6 § 23.6 Application of lending limits; restrictions on transactions with affiliates.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.6.md)
- [12 CFR § 23.10 § 23.10 General rule.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.10.md)
- [12 CFR § 23.11 § 23.11 Lease term.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.11.md)
- [12 CFR § 23.12 § 23.12 Transition rule.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.12.md)
- [12 CFR § 23.20 § 23.20 General rule.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.20.md)
- [12 CFR § 23.21 § 23.21 Estimated residual value.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.21.md)
- [12 CFR § 23.22 § 23.22 Transition rule.](https://www.frixlaw.com/law-library/statutes/ecfr-12-23.22.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-23.1. Check the current official text before relying on it. Not legal advice.