Definitions.

CFR · 2024-01-01 · US · Title 12

For the purposes of this part the following definitions apply: (a) (b) (c) (d) (e)(1) (2) The term does not include a lease that meets the definition of a credit sale in Regulation Z (12 CFR 226.2(a)). It also does not include a lease for agricultural, business, or commercial purposes or a lease made to an organization. (3) This part does not apply to a lease transaction of personal property which is incident to the lease of real property and which provides that: (i) The lessee has no liability for the value of the personal property at the end of the lease term except for abnormal wear and tear; and (ii) The lessee has no option to purchase the leased property. (f) (g) (h) (i) (j) (k) (l) (m) (1) The price received by the lessor for the leased property at disposition; (2) The highest offer for disposition of the leased property; or (3) The fair market value of the leased property at the end of the lease term. (n) (o) (p)

official document · source cfr-2024 · id 12:§ 213.2