Statutes, codes, and regulations
Utah Administrative Code
Financial InstitutionsTitle R331 - Administration
Rule R331-7 - Rule Governing Leasing Transactions by Depository Institutions Subject to the Jurisdiction of the Department of Financial Institutions
Section R331-7-7 - Sale-Leaseback Restrictions for Depository Institutions

Utah Admin. Code 331-7-7

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Current through Bulletin 2024-20, October 15, 2024
Section R331-7-7 - Sale-Leaseback Restrictions for Depository Institutions

A depository institution acting as a lessor may lease used property in a sale-leaseback transaction provided that:

(1) The aggregate of the total net investment in such sale-leaseback transactions, at any point, in time does not exceed 50% of the depository institution's total capital; and
(2) The sale-leaseback transactions are separately identified.

Utah Admin. Code R331-7-7