Regulations last checked for updates: Oct 17, 2024

Title 12 - Banks and Banking last revised: Oct 15, 2024
§ 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.

authority: 12 U.S.C. 5512,5581; 15 U.S.C. 1691b. Subpart B is also issued under 15 U.S.C. 1691c-2.
source: 76 FR 79445, Dec. 21, 2011, unless otherwise noted.
cite as: 12 CFR 1002.105