CFR > Title 25 > Chapter I > Subchapter H > Part 162 > Subpart E > WEEL Administration
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§ 162.534 | May the parties amend, assign, sublease, or mortgage a WEEL? |
Terms Used In CFR > Title 25 > Chapter I > Subchapter H > Part 162 > Subpart E > WEEL Administration
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC