§237-24.8 Amounts not taxable for financial institutions. (a) In addition to the amounts not taxable under section 237-24, this chapter shall not apply to amounts received by:
(b) As used in this section:
"Activities relating to the general servicing of fiduciary or custodial accounts" means those activities performed by trust companies that are directly or indirectly performed within the fiduciary or custodial relationship between the trust company or trust department of a financial institution and its client and that are not offered to any person outside of the fiduciary or custodial relationship.
"Annual percentage rate" and "finance charge" have the same meanings as defined in the federal Truth in Lending Act (15 United States Code sections 1605(a) to (c) and 1606).
"Deposit" means:
"Financial institution" means banks, building and loan associations, development companies, financial corporations, financial services loan companies, small business investment companies, financial holding companies, and trust companies all as defined in chapter 241, and mortgage loan originator companies as defined in chapter 454F.
"Leasing of personal property" occurs if: