# 12 CFR § 1001.2: Definitions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-1001.2

## Section

- **Citation:** 12 CFR § 1001.2
- **Heading:** Definitions
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER X—CONSUMER FINANCIAL PROTECTION BUREAU > PART 1001—FINANCIAL PRODUCTS OR SERVICES

## Text

Except as otherwise provided in Title X, in addition to the definitions set forth in 12 U.S.C. 5481(15)(A)(i)-(x), the term “financial product or service” means, for purposes of Title X:
(a) Extending or brokering leases of an automobile, as automobile is defined by 12 CFR 1090.108(a), where the lease:
(1) Qualifies as a full-payout lease and a net lease, as provided by 12 CFR 23.3(a), and has an initial term of not less than 90 days, as provided by 12 CFR 23.11; and
(2) Is not a financial product or service under 12 U.S.C. 5481(15)(A)(ii).
(b) Providing financial data processing products or services by any technological means, including processing, storing, aggregating, or transmitting financial or banking data, alone or in connection with another product or service, where the financial data processing is not offered or provided by a person who, by operation of 12 U.S.C. 5481(15)(A)(vii)(I) or (II), is not a covered person.
(c) [Reserved]
[80 FR 37526, June 30, 2015, as amended at 89 FR 90989, Nov. 18, 2024]

## Nearby sections

- [12 CFR § 1001.1 § 1001.1 Authority and purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1001.1.md)
- [12 CFR § 1001.2 § 1001.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1001.2.md)
- [12 CFR § 1003.1 § 1003.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1003.1.md)
- [12 CFR § 1003.3 § 1003.3 Exempt institutions and excluded and partially exempt transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1003.3.md)
- [12 CFR § 1003.4 § 1003.4 Compilation of reportable data.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1003.4.md)
- [12 CFR § 1003.5 § 1003.5 Disclosure and reporting.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1003.5.md)
- [12 CFR § 1003.6 § 1003.6 Enforcement.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1003.6.md)
- [12 CFR § 1004.1 § 1004.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1004.1.md)
- [12 CFR § 1004.3 § 1004.3 Preemption of State law.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1004.3.md)
- [12 CFR § 1004.4 § 1004.4 Requirements for alternative mortgage transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1004.4.md)
- [12 CFR § 1007.102 § 1007.102 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1007.102.md)
- [12 CFR § 1007.103 § 1007.103 Registration of mortgage loan originators.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1007.103.md)
- [12 CFR § 1007.105 § 1007.105 Use of unique identifier.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1007.105.md)
- [12 CFR § 1008.1 § 1008.1 Purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1008.1.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-1001.2. Check the current official text before relying on it. Not legal advice.