§ 1002.105 Covered financial institutions and exempt institutions.
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Title 12 CFR: Banks and Banking › Chapter X › Part 1002 › Subpart B › § 1002.105: § 1002.105 Covered financial institutions and exempt institutions.
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(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, other than a Farm Credit System lender, that originated at least 1,000 covered credit transactions for small businesses in each of the two preceding calendar years. [88 FR 35528, May 31, 2023, as amended at 91 FR 23605, May 1, 2026]
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