### Question
What is the definition of lending and finance business?


### Answer
The definition of **lending and finance business** is as follows in *26 U.S.C. § 6166*:

> a trade or business of—



(I) making loans,



(II) purchasing or discounting accounts receivable, notes, or installment obligations,



(III) engaging in rental and leasing of real and tangible personal property, including entering into leases and purchasing, servicing, and disposing of leases and leased assets,



(IV) rendering services or making facilities available in the ordinary course of a lending or finance business, and



(V) rendering services or making facilities available in connection with activities described in subclauses (I) through (IV) carried on by the corporation rendering services or making facilities available, or another corporation which is a member of the same affiliated group (as defined in section 1504 without regard to section 1504(b)(3))

#### Citation:
  - *26 U.S.C. § 6166*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 62-TIME AND PLACE FOR PAYING TAX > Subchapter B-Extensions of Time for Payment**

