# 12 C.F.R. § 1002.106 (2026): Business and small business

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P1002_S1002_106

## Section

- **Citation:** 12 C.F.R. § 1002.106 (2026)
- **Heading:** Business and small business
- **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 / § 1002.106: § 1002.106   Business and small business.

## Text

(a) Business has the same meaning as the term “business concern or concern” in 13 CFR 121.105. (b)(1) Small business has the same meaning as the term “small business concern” in 15 U.S.C. 632(a), as implemented in 13 CFR 121.101 through 121.107. Notwithstanding the size standards set forth in 13 CFR 121.201, for purposes of this subpart, a business is a small business if its gross annual revenue, as defined in § 1002.107(a)(14), for its preceding fiscal year is $1 million or less. (2) Every 5 years after January 1, 2030, the gross annual revenue threshold set forth in paragraph (b)(1) of this section shall adjust based on changes to the Consumer Price Index for All Urban Consumers (U.S. city average series for all items, not seasonally adjusted), as published by the United States Bureau of Labor Statistics. Any adjustment that takes effect under this paragraph (b)(2) shall be rounded to the nearest multiple of $100,000. If an adjustment is to take effect, it will do so on January 1 of the following calendar year. [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_106. Check the current official text before relying on it. Not legal advice.