Exhibit 21.1
Subsidiary List
| CIT GROUP INC. Subsidiaries as of December 31, 2015 | Domestic Jurisdiction | Country | Ownership Percent * Economic Interest |
| CIT Bank, N.A. | Federal National Association | United States | 100% |
| ATMOR Properties Inc. | Delaware | United States | 100% |
| C.I.T. Leasing Corporation | Delaware | United States | 100% |
| Capita Corporation | Delaware | United States | 100% |
| Capita International L.L.C. | Delaware | United States | 100% |
| Capital Direct Group, Inc. | Delaware | United States | 100% |
| CBG LJB 21 LLC | Delaware | United States | 100% |
| CFHE Funding Company LLC | Delaware | United States | 100% |
| CIT Aerospace LLC | Delaware | United States | 100% |
| CIT Asset Management LLC | Delaware | United States | 100% |
| CIT Capital Securities LLC | Delaware | United States | 100% |
| CIT Capital USA Inc. | Delaware | United States | 100% |
| CIT CBK Funding Company, LLC | Delaware | United States | 100% |
| CIT CBK Funding Inc. | Delaware | United States | 100% |
| CIT CLO Holding Corporation | Delaware | United States | 100% |
| CIT CLO I Blocker Inc. | Delaware | United States | * |
| CIT CLO I LLC | Delaware | United States | * |
| CIT Communications Finance Corporation | Delaware | United States | 100% |
| CIT Credit Finance Corp. | Delaware | United States | 100% |
| CIT Credit Group USA Inc. | Delaware | United States | 100% |
| CIT Finance LLC | Delaware | United States | 100% |
| CIT Financial USA, Inc. | Delaware | United States | 100% |
| CIT Funding Company IV, LLC | Delaware | United States | 100% |
| CIT Funding Company, LLC | Delaware | United States | 100% |
| CIT Funding LLC | Delaware | United States | 100% |
| CIT Funds LLC | Delaware | United States | 100% |
| CIT Group (NJ) LLC | Delaware | United States | 100% |
| CIT Group Inc. | Delaware | United States | 100% |
| CIT Group SF Holding Co., Inc. | Delaware | United States | 100% |
| CIT Healthcare LLC | Delaware | United States | 100% |
| CIT Home Lending Securitization Company, LLC | Delaware | United States | 100% |
| CIT Insurance Agency, Inc. | Delaware | United States | 100% |
| CIT Lending Services Corporation | Delaware | United States | 100% |
| CIT Lending Services Corporation (Illinois) | Delaware | United States | 100% |
| CIT Loan Corporation | Delaware | United States | 100% |
| CIT Maritime Leasing, LLC | Delaware | United States | 100% |
| CIT Middle Market Funding Company, LLC | Delaware | United States | 100% |
| CIT Middle Market Holdings, LLC | Delaware | United States | 100% |
| CIT Millbury Inc. | Delaware | United States | 100% |
| CIT Rail LLC | Delaware | United States | 100% |
| CIT Railcar Funding Company, LLC | Delaware | United States | 100% |
| CIT SBL Property Holdings Corporation | Delaware | United States | * |
| CIT Small Business Lending Corporation | Delaware | United States | 100% |
| CIT Strategic Finance, Inc. | Delaware | United States | 100% |
| CIT Technology Financing Services I LLC | Delaware | United States | 100% |
| CIT Technology Financing Services II LLC | Delaware | United States | 100% |
| CIT Technology Financing Services, Inc. | Massachusetts | United States | 100% |
| CIT Trade Finance Funding Company, LLC | Delaware | United States | 100% |
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Subsidiary List
| CIT GROUP INC. Subsidiaries as of December 31, 2015 | Domestic Jurisdiction | Country | Ownership Percent * Economic Interest |
| CRE CT 21 OTHER LLC | Delaware | United States | 100% |
| CRE CT 27 OTHER LLC | Delaware | United States | 100% |
| CRE FFBC LLC | Delaware | United States | 100% |
| CRE LJ 21 OTHER LLC | Delaware | United States | 100% |
| CRE LJ 27 OTHER LLC | Delaware | United States | 100% |
| CRE LJ 4800 Riverside LLC | Delaware | United States | 100% |
| CRE LJ CA 2 LLC | Delaware | United States | 100% |
| CRE LJ CA LLC | Delaware | United States | 100% |
| CRE LJ CP ESCONDIDO LLC | Delaware | United States | 100% |
| CRE LJ TX LLC | Delaware | United States | 100% |
| Direct Capital Corporation | New Hampshire | United States | 100% |
| Direct Capital Funding I Company, LLC | Delaware | United States | 100% |
| Direct Capital Funding III Company, LLC | Delaware | United States | 100% |
| Direct Capital Funding IV, LLC | Delaware | United States | 100% |
| Direct Capital Funding V, LLC | Delaware | United States | 100% |
| Direct Capital Funding VI, LLC | Delaware | United States | 100% |
| Education Loan Servicing Corporation | Delaware | United States | 100% |
| FH Transaction Corp. | Delaware | United States | 100% |
| Financial Freedom Acquisition LLC | Delaware | United States | 100% |
| Flex Holdings, LLC | Delaware | United States | 100% |
| Flex Leasing Corporation | Delaware | United States | 100% |
| Flex Leasing I, LLC | Delaware | United States | 100% |
| Imaginarium LLC | Delaware | United States | 100% |
| IMV 11 PALM LLC | Delaware | United States | 100% |
| INDYMAC VENTURE, LLC | Delaware | United States | 100% |
| Memphis Peaking Power LLC | Delaware | United States | 100% |
| Millennium Leasing Company I LLC | Delaware | United States | 100% |
| Millennium Leasing Company II LLC | Delaware | United States | 100% |
| Montana OL1 LLC | Delaware | United States | 100% |
| Montana OP1 LLC | Delaware | United States | 100% |
| Montana OPCM1A LLC | Delaware | United States | 100% |
| Montana OPCM1B LLC | Delaware | United States | 100% |
| North Romeo Storage Corporation | Delaware | United States | 100% |
| OneWest Investments II LLC | Delaware | United States | 100% |
| OneWest Investments LLC | Delaware | United States | 100% |
| OneWest Resources LLC | Delaware | United States | 100% |
| ONEWEST VENTURES HOLDINGS LLC | Delaware | United States | 100% |
| OWB REO LLC | Delaware | United States | 100% |
| PL Servicing, LLC | Delaware | United States | 100% |
| The CIT GP Corporation III | Delaware | United States | 100% |
| The CIT Group Securitization Corporation II | Delaware | United States | 100% |
| The CIT Group Securitization Corporation III | Delaware | United States | 100% |
| The CIT Group/Business Credit, Inc. | New York | United States | 100% |
| The CIT Group/Commercial Services, Inc. | New York | United States | 100% |
| The CIT Group/Commercial Services, Inc. (Va.) | Delaware | United States | 100% |
| The CIT Group/Corporate Aviation, Inc. | Delaware | United States | 100% |
| The CIT Group/Equipment Financing, Inc. | Delaware | United States | 100% |
| The CIT Group/Equity Investments, Inc. | New Jersey | United States | 100% |
| The Equipment Insurance Company | Vermont | United States | 100% |
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Subsidiary List
| CIT GROUP INC. Subsidiaries as of December 31, 2015 | Domestic Jurisdiction | Country | Ownership Percent * Economic Interest |
| CIT Aviation Finance I (UK) Limited | England | United Kingdom | 100% |
| CIT Aviation Finance II (UK) Limited | England | United Kingdom | 100% |
| CIT Capital Aviation (UK) Limited | England | United Kingdom | 100% |
| CIT Capital Finance (UK) Limited | England | United Kingdom | 100% |
| CIT Equipment Finance (UK) Limited | England | United Kingdom | 100% |
| CIT Funding (UK) Limited | England | United Kingdom | 100% |
| CIT Group (NFL) Limited | England | United Kingdom | 100% |
| CIT Group (UK) Limited | England | United Kingdom | 100% |
| CIT Group Holdings (UK) Limited | England | United Kingdom | 100% |
| NACCO (U.K.) Limited | England | United Kingdom | 100% |
| CIT Group (Switzerland) AG, In Liquidation | Switzerland | Switzerland | 100% |
| CIT Aerospace Sweden AB | Sweden | Sweden | 100% |
| CIT Group (Nordic) AB i likvidation | Sweden | Sweden | 100% |
| Newcourt Financial Espana S.A. | Spain | Spain | 100% |
| CIT Aerospace Asia Pte Ltd. | Singapore | Singapore | 100% |
| CIT Group (Singapore) Pte Ltd | Singapore | Singapore | 100% |
| CIT Group Holdings B.V. | Netherlands | Netherlands | 100% |
| CIT Holdings B.V. | Netherlands | Netherlands | 100% |
| CIT Transportation Holdings B.V. | Netherlands | Netherlands | 100% |
| CIT TRS Funding B.V. | Netherlands | Netherlands | 100% |
| CIT TRS Holdings B.V. | Netherlands | Netherlands | 100% |
| CIT TRS Subsidiary B.V. | Netherlands | Netherlands | 100% |
| Emerald Funding (Netherlands) C.V. | Netherlands | Netherlands | 100% |
| Emerald Holdings C.V. | Netherlands | Netherlands | 100% |
| MEX CIT SERVICIOS, S. de R.L. de C.V. | Federal District | Mexico | 100% |
| CIT International (Malaysia) Sdn. Bhd., in voluntary liquidation | Kuala Lumpur | Malaysia | 100% |
| CIT Malaysia One, Inc. | Labuan | Malaysia | 100% |
| Nacco Luxembourg S.à.r.l. | Luxembourg | Luxembourg | 100% |
| CIT Group Italy Srl in liquidazione | Italy | Italy | 100% |
| Baliardo Limited | Ireland | Ireland | 100% |
| Centennial Aviation (Ireland) 7, Limited | Ireland | Ireland | 100% |
| CIT Aerospace International | Ireland | Ireland | 100% |
| CIT Aerospace International Leasing II | Ireland | Ireland | 100% |
| CIT Aviation Finance I (Ireland) Limited | Ireland | Ireland | 100% |
| CIT Aviation Finance II (Ireland) Limited | Ireland | Ireland | 100% |
| CIT Finance No.1 (Ireland) Limited, in Members Voluntary Liquidation | Ireland | Ireland | 100% |
| CIT Group Finance (Ireland) | Ireland | Ireland | 100% |
| CIT Holdings (Ireland) Limited, in Members Voluntary Liquidation | Ireland | Ireland | 100% |
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Subsidiary List
| CIT GROUP INC. Subsidiaries as of December 31, 2015 | Domestic Jurisdiction | Country | Ownership Percent * Economic Interest |
| CIT Holdings No. 2 (Ireland), in Members Voluntary Liquidation | Ireland | Ireland | 100% |
| Jessica Leasing Limited | Ireland | Ireland | * |
| Madeleine Leasing Limited | Ireland | Ireland | * |
| NACCO Rail Ireland Limited | Ireland | Ireland | 100% |
| Rita Leasing Limited | Ireland | Ireland | * |
| CIT Group (Hungary) Financial Servicing Limited Liability Company | Hungary | Hungary | 100% |
| CIT Financial (Hong Kong) Limited | Hong Kong | Hong Kong | 100% |
| CIT Group Holding (Germany) GmbH | Germany | Germany | 100% |
| CIT Leasing (Germany) GmbH i.L. | Germany | Germany | 100% |
| NACCO GmbH | Hamburg | Germany | 100% |
| Centennial Aviation (France) 1, SARL | France | France | 100% |
| Centennial Aviation (France) 2, SARL | France | France | 100% |
| CIT Aerospace Holdings (France) SAS | France | France | 100% |
| CIT Aerospace International (France) Sarl | France | France | 100% |
| CIT Aviation Finance I (France) Sarl | France | France | 100% |
| CIT Aviation Finance II (France) Sarl | France | France | 100% |
| CIT Group (France) SAS | France | France | 100% |
| CIT Group Location (France) SAS | Nanterre | France | 100% |
| CIT Rail Holdings (Europe) SAS | France | France | 100% |
| NACCO SAS | France | France | 100% |
| Transrail SNC | France | France | 100% |
| CIT Finance & Leasing (Tianjin) Corporation | Tianjin City | China | 100% |
| CIT Finance & Leasing Corporation | Shanghai | China | 100% |
| 505 CLO I Ltd. in Liquidation | Grand Cayman | Cayman Islands | * |
| 505 CLO II Ltd. in Liquidation | Grand Cayman | Cayman Islands | * |
| 505 CLO III Ltd. in Liquidation | Grand Cayman | Cayman Islands | * |
| 505 CLO IV Ltd. in Liquidation | Grand Cayman | Cayman Islands | * |
| CIT Cayman Coconut Palm Leasing, Ltd. | Grand Cayman | Cayman Islands | 100% |
| CIT Cayman Sandy Keys Leasing, Ltd. | Grand Cayman | Cayman Islands | 100% |
| CIT CLO 2012-1 Ltd. in Liquidation | Grand Cayman | Cayman Islands | * |
| CIT CLO Holdings II, Ltd. in Liquidation | Grand Cayman | Cayman Islands | 100% |
| CIT CLO Holdings, Ltd. in Liquidation | Grand Cayman | Cayman Islands | 100% |
| CIT CLO I Ltd. | Grand Cayman | Cayman Islands | * |
| CIT Education Loan Residual Holdings, Ltd. in Liquidation | Grand Cayman | Cayman Islands | 100% |
| CIT Education Loan Trust Holdings, Ltd. in Liquidation | Grand Cayman | Cayman Islands | * |
| CIT SBL 2008-1, Ltd. | Grand Cayman | Cayman Islands | * |
| CIT SBL Holdings, Ltd. | Grand Cayman | Cayman Islands | 100% |
| CIT SLX Issuer Holdings, Ltd. in Liquidation | Grand Cayman | Cayman Islands | * |
| CIT SLX Residual Holdings, Ltd. in Liquidation | Grand Cayman | Cayman Islands | 100% |
| 544211 Alberta Ltd. | Alberta | Canada | 100% |
| 555565 Alberta Ltd. | Alberta | Canada | 100% |
| 555566 Alberta Ltd. | Alberta | Canada | 100% |
4
Subsidiary List
| CIT GROUP INC. Subsidiaries as of December 31, 2015 | Domestic Jurisdiction | Country | Ownership Percent * Economic Interest |
| CIT Canada Equipment Receivables ULC | Alberta | Canada | 100% |
| CIT Canada Finance LP | Alberta | Canada | 100% |
| CIT Canada Finance ULC | Alberta | Canada | 100% |
| CIT Financial (Alberta) ULC / Services Financiers CIT (Alberta) ULC | Alberta | Canada | 100% |
| CIT Holdings Canada ULC | Alberta | Canada | 100% |
| 3918041 Canada Inc. | Federally Chartered | Canada | 100% |
| CIT Mezzanine Partners of Canada Limited | Federally Chartered | Canada | 100% |
| CCERU Finance LP | Manitoba | Canada | 100% |
| 1143986 Ontario Limited | Ontario | Canada | 100% |
| 1244771 Ontario Limited | Ontario | Canada | 100% |
| CIT Financial Ltd./Services Financiers CIT Ltee. | Ontario | Canada | 100% |
| The Capita Corporation do Brasil Ltda | Brazil | Brazil | 100% |
| CIT Aerospace International (Bermuda) Limited | Bermuda | Bermuda | 100% |
| CIT Aviation Finance I Ltd. | Bermuda | Bermuda | 100% |
| CIT Aviation Finance II Ltd. | Bermuda | Bermuda | 100% |
| CIT Aviation Finance III Ltd. | Bermuda | Bermuda | 10% * |
| CIT FSC Eighteen, Ltd. | Bermuda | Bermuda | 100% |
| CIT FSC Nineteen, Ltd. | Bermuda | Bermuda | 100% |
| CIT Leasing (Bermuda), Ltd. | Bermuda | Bermuda | 100% |
| CIT Aerospace, Belgium Sprl | Belgium | Belgium | 100% |
| CIT Financial (Barbados) SRL | Barbados | Barbados | 100% |
| CIT Financial II (Barbados) Srl | Barbados | Barbados | 100% |
| CIT Holdings (Barbados) SRL | Barbados | Barbados | 100% |
| Worrell Capital Limited | Barbados | Barbados | 100% |
| CIT Aerospace (Australia) Pty Ltd | Victoria | Australia | 100% |
| CIT Aerospace Holdings (Australia) Pty Ltd | Victoria | Australia | 100% |
| CIT Aerospace International (Australia) Pty Ltd. | Victoria | Australia | 100% |
| CIT Aerospace International (Aruba) A.V.V. | Aruba | Aruba | 100% |
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