Topic 898 Letter confirms that a national bank may lawfully acquire and hold a ten to twenty percent non-controlling equity interest in a holding company engaged in the origination, purchase and securitization of prime auto leases. Letter also states that national banks may rely on the Illinois Attorney General opinion instead of obtaining their own opinion of counsel as required by the regulation. Copies of the final actions are available by writing to the OCC, Public Reference Room, Mailstop 1-5, Washington, D.C. 20219. When ordering, specify the appropriate enforcement action number. Performance Evaluations Enclosed is a list of CRA performance evaluations that became public during the period of November 15 through December 14.
Prepayment is requested.
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