12 CFR § 23.11 - Lease term.

---
identifier: "/us/cfr/t12/s23.11"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 23.11 - Lease term."
title_number: 12
title_name: "Banks and Banking"
section_number: "23.11"
section_name: "Lease term."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "23"
part_name: "LEASING"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1  24(Seventh), 24(Tenth), and 93a."
regulatory_source: "61 FR 66560, Dec. 18, 1996, unless otherwise noted."
cfr_part: "23"
---


# 23.11 Lease term.

A CEBA Lease must have an initial term of not less than 90 days. A national bank may acquire property subject to an existing lease with a remaining maturity of less than 90 days if, at its inception, the lease was a conforming lease.