- (1) This rule is issued pursuant to Sections 7-1-301(15), and 7-1-501.
- (2) This rule applies to all depository institutions and their subsidiaries subject to the jurisdiction of the Department of Financial Institutions.
- (3) The purpose of this rule is to clarify acceptable employment of deposits and other funds involved in leasing or leasing related transactions.
KEY: financial institutions, leases
Date of Last Change: March 9, 2012
Notice of Continuation: July 13, 2022
Authorizing, and Implemented or Interpreted Law: 7-1-301(4); 7-1-301(8)(a); 7-1-501