United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2021_register executive 2021-08-05 article Rules and Regulations D09002ee1c7afdad5 D09002ee1c7afdca9 United States Department of the Treasury originator org United States Government Agency or Subagency United States Office of the Comptroller of the Currency originator org United States Government Agency or Subagency Under the Congressional Review Act (CRA), Congress has passed and the President has signed a joint resolution disapproving the Office of the Comptroller of the Currency's (OCC) final rule titled "National Banks and Federal Savings Associations as Lenders." This final rule established a test to determine when a national bank or Federal savings association (bank) makes a loan and is the "true lender," including in the context of a relationship between a bank and a third party, such as a marketplace lender. Under the joint resolution and by operation of the CRA, this rule has no legal force or effect. The OCC is hereby removing it from the Code of Federal Regulations. 86 FR 42686 https://www.govinfo.gov/app/details/FR-2021-08-05/2021-16619 2021-16619 fr05au21-3 RIN 1557-AF11 4810-33-P Docket ID OCC-2020-0026 https://www.govinfo.gov/app/details/FR-2021-08-05/2021-16619 https://www.govinfo.gov/content/pkg/FR-2021-08-05/html/2021-16619.htm https://www.govinfo.gov/content/pkg/FR-2021-08-05/pdf/2021-16619.pdf Computer Technology Credit Derivatives Federal Savings Associations Insurance Investments Metals National Banks Reporting and Recordkeeping Requirements Securities Security Bonds 1 p. 42686 42686 86 FR 42686 Title 12 Part 7 12 CFR Part 7 RIN 1557-AF11 National Banks and Federal Savings Associations as Lenders; Federal Register Vol. 86, Issue RULE 2021-16619 DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 2021-08-05 Docket ID OCC-2020-0026 4810-33-P 2021-16619 Final rule; Congressional Review Act revocation.

Under the Congressional Review Act (CRA), Congress has passed and the President has signed a joint resolution disapproving the Office of the Comptroller of the Currency's (OCC) final rule titled "National Banks and Federal Savings Associations as Lenders." This final rule established a test to determine when a national bank or Federal savings association (bank) makes a loan and is the "true lender," including in the context of a relationship between a bank and a third party, such as a marketplace lender. Under the joint resolution and by operation of the CRA, this rule has no legal force or effect. The OCC is hereby removing it from the Code of Federal Regulations.

This action is effective August 5, 2021. Andra Shuster, Senior Counsel, Karen McSweeney, Special Counsel, Alison MacDonald, Special Counsel, or Priscilla Benner, Senior Attorney, Chief Counsel's Office, (202) 649- 5490, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. For persons who are deaf or hearing impaired, TTY users may contact (202) 649-5597. Computer Technology Credit Derivatives Federal Savings Associations Insurance Investments Metals National Banks Reporting and Recordkeeping Requirements Securities Security Bonds National Banks and Federal Savings Associations as Lenders, Vol. 86, no. 148 Office of the Federal Register, National Archives and Records Administration 2021-08-05 continuing daily deposited born digital 404 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2021-08-05 P0b002ee1af778259 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr05au21 https://www.govinfo.gov/app/details/FR-2021-08-05 https://www.govinfo.gov/content/pkg/FR-2021-08-05/pdf/FR-2021-08-05.pdf https://www.govinfo.gov/content/pkg/FR-2021-08-05/xml/FR-2021-08-05.xml fdlp 42681 43074 DGPO 2021-08-05 2024-05-30 FR-2021-08-05 machine generated eng FR FR-2021-08-05 86 148