# 12 C.F.R. § 1002.105 (2026): Covered financial institutions and exempt institutions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_105

## Section

- **Citation:** 12 C.F.R. § 1002.105 (2026)
- **Heading:** Covered financial institutions and exempt institutions
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter X / Part 1002 / Subpart B / § 1002.105: § 1002.105   Covered financial institutions and exempt institutions.

## Text

(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]

## Nearby sections

- [12 C.F.R. § 1002.101 (2026) § 1002.101   Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_101.md)
- [12 C.F.R. § 1002.102 (2026) § 1002.102   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_102.md)
- [12 C.F.R. § 1002.103 (2026) § 1002.103   Covered applications.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_103.md)
- [12 C.F.R. § 1002.104 (2026) § 1002.104   Covered credit transactions and excluded transactions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_104.md)
- [12 C.F.R. § 1002.105 (2026) § 1002.105   Covered financial institutions and exempt institutions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_105.md)
- [12 C.F.R. § 1002.106 (2026) § 1002.106   Business and small business.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_106.md)
- [12 C.F.R. § 1002.107 (2026) § 1002.107   Compilation of reportable data.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_107.md)
- [12 C.F.R. § 1002.108 (2026) § 1002.108   Firewall.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_108.md)
- [12 C.F.R. § 1002.109 (2026) § 1002.109   Reporting of data to the Bureau.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_109.md)
- [12 C.F.R. § 1002.110 (2026) § 1002.110   Publication of data and other disclosures.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_110.md)
- [12 C.F.R. § 1002.111 (2026) § 1002.111   Recordkeeping.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_111.md)
- [12 C.F.R. § 1002.112 (2026) § 1002.112   Enforcement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_112.md)
- [12 C.F.R. § 1002.113 (2026) § 1002.113   Severability.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_113.md)
- [12 C.F.R. § 1002.114 (2026) § 1002.114   Effective date, compliance date, and special transitional rules.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_105. Check the current official text before relying on it. Not legal advice.