Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 12 - Banks and Banking |
Chapter X—Consumer Financial Protection Bureau |
Part 1002 - Equal Credit Opportunity Act (Regulation B) |
Subpart B - Small Business Lending Data Collection |
§ 1002.105 - Covered financial institutions and exempt institutions.
Latest version.
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§ 1002.105 Covered financial institutions and exempt institutions.
(a) Financial institution means any partnership, company, corporation, association (incorporated or unincorporated), trust, estate, cooperative organization, or other entity that engages in any financial activity.
(b) Covered financial institution means a financial institution that originated at least 100 covered credit transactions for small businesses in each of the two preceding calendar years.