---
kind: "section"
citation: "12 C.F.R. § 23.6"
title: "12"
number: "23.6"
heading: "Application of lending limits; restrictions on transactions with affiliates."
url: "https://uscodex.org/cfr/12/23.6"
---

# §23.6. Application of lending limits; restrictions on transactions with affiliates.


All leases entered into pursuant to this part are subject to the lending limits prescribed by [12 U.S.C. 84](/usc/12/84.md), as implemented by [12 CFR part 32](/cfr/12/part32.md), or, if the lessee is an affiliate of the bank, to the restrictions on transactions with affiliates prescribed by 12 U.S.C. [371c](/usc/12/371c.md) and [371c-1](/usc/12/371c-1.md) and Regulation W, [12 CFR part 223](/cfr/12/part223.md). The OCC may also determine that other limits or restrictions apply. The term affiliate means an affiliate as defined in 12 U.S.C. [371c](/usc/12/371c.md) or [371c-1](/usc/12/371c-1.md), as implemented by Regulation W, [12 CFR part 223](/cfr/12/part223.md), as applicable. For the purpose of measuring compliance with the lending limits prescribed by [12 U.S.C. 84](/usc/12/84.md) as implemented by [part 32](/cfr/12/part32.md), a national bank records the investment in a lease net of any nonrecourse debt the bank has incurred to finance the acquisition of the leased asset.


## Notes

### Amendments

[61 FR 66560, Dec. 18, 1996, as amended at 73 FR 22244, Apr. 24, 2008; 85 FR 42642, July 14, 2020]

### Authority

Authority: 12 U.S.C. 1 et seq., 24(Seventh), 24(Tenth), and 93a.

### Source

Source: 61 FR 66560, Dec. 18, 1996, unless otherwise noted.

### Amendments

[61 FR 66560, Dec. 18, 1996, as amended at 73 FR 22244, Apr. 24, 2008; 85 FR 42642, July 14, 2020]