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Utah Administrative Code (Current through November 1, 2019) |
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R331. Financial Institutions, Administration |
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R331-7. Rule Governing Leasing Transactions by Depository Institutions Subject to the Jurisdiction of the Department of Financial Institutions |
R331-7-7. Sale-Leaseback Restrictions for Depository Institutions
Latest version.
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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.