# 2025-05497: Bank Leasing Paperwork Gets Routine Renewal from OCC

2025-05497, Agency Information Collection Activities: Information Collection Renewal; Comment Request; Leasing, is a Federal Register notice from Treasury Department, Comptroller of the Currency published 2025-03-31, effective Comments must be received by May 30, 2025.; PRIA reads it as touching household money (as of 2026-10-06).

- Canonical: https://policyrisk.com/federal-register/2025-05497
- As of: 2026-10-06
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-05497
- Title: Agency Information Collection Activities: Information Collection Renewal; Comment Request; Leasing
- Type: Notice
- Agencies: Treasury Department; Comptroller of the Currency
- Citation: 90 FR 14320
- Published: 2025-03-31
- Effective: Comments must be received by May 30, 2025.
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-10-06

## In one line

Bank Leasing Paperwork Gets Routine Renewal from OCC

## Summary

The Office of the Comptroller of the Currency (OCC) is renewing its paperwork collection about leasing and wants your feedback by May 30, 2025. This update helps keep leasing rules clear and reduces unnecessary paperwork for banks and businesses. No big cost changes are expected, but your comments can shape how smooth the process stays!

## Abstract

The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Leasing."

## Effects PRIA read

- OCC renewing leasing information collection: cost, low. The Office of the Comptroller of the Currency (OCC) is renewing its information collection titled "Leasing" (OMB Control No. 1557-0206) and is asking for public comments. Comments must be received by May 30, 2025, and submissions become part of the public record.
- Five-year limit to hold off-lease property: cost, low. Under 12 CFR 23.4(c), a national bank must liquidate or re-lease property that becomes "off-lease" as soon as practicable and no later than five years after it acquires the right to possess the property. A bank may extend that five-year holding period for up to an additional five years only with OC…
- Valuing off-lease property at lower of two measures: cost, low. When property becomes off-lease, a national bank must promptly value that property at the lower of current fair market value or its book value. This valuation requirement is mandated by 12 CFR 23.4(c).
- Separate rules and recordkeeping for two lease types: cost, low. National banks may acquire personal property for lease financing under two statutory authorities: 12 U.S.C. 24(Seventh) (Section 24(Seventh) leases) and 12 U.S.C. 24(Tenth) (CEBA leases). CEBA leases (Section 24(Tenth)) may only be used if the aggregate book value of the property does not exceed 10…
- Estimated paperwork burden for respondents: cost, low. The OCC estimates the information collection will affect 30 respondents, with an estimated burden of 10 hours per respondent and a total estimated annual burden of 300 hours. The OCC invites comment on the accuracy of these burden estimates and ways to reduce the burden.

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## Sources
- [2025-05497 on federalregister.gov](https://www.federalregister.gov/documents/2025/03/31/2025-05497/agency-information-collection-activities-information-collection-renewal-comment-request-leasing)
- [2025-05497 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-03-31/pdf/2025-05497.pdf)

## Related
- [Previous: 2025-05496, Agency Information Collection Activities; Submission to the Office of Managemen…](https://policyrisk.com/federal-register/2025-05496)
- [Next: 2025-05498, Petition of EnCap Investments L.P., et al., To Reopen and Modify Order](https://policyrisk.com/federal-register/2025-05498)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-05497 (as of 2026-10-06).