# 12 CFR § 2.2: Definitions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-2.2

## Section

- **Citation:** 12 CFR § 2.2
- **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 I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY > PART 2—SALES OF CREDIT LIFE INSURANCE

## Text

(a) Bank means a national banking association.
(b) Credit life insurance means credit life, health, and accident insurance, sometimes referred to as credit life and disability insurance, and mortgage life and disability insurance.
(c) Owning an interest includes:
(1) Ownership through a spouse or minor child;
(2) Ownership through a broker, nominee, or other agent; or
(3) Ownership through any corporation, partnership, association, joint venture, or proprietorship, that is controlled by the director, officer, employee, or principal shareholder of the bank.
(d) Officer, director, employee, or principal shareholder includes the spouse and minor children of an officer, director, employee, or principal shareholder.
(e) Principal shareholder means any shareholder who directly or indirectly owns or controls an interest of more than ten percent of the bank's outstanding voting securities.
[61 FR 51781, Oct. 4, 1996, as amended at 73 FR 22235, Apr. 24, 2008]

## Nearby sections

- [12 CFR § 1.1 § 1.1 Authority, purpose, scope, and reservation of authority.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1.1.md)
- [12 CFR § 1.2 § 1.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1.2.md)
- [12 CFR § 1.6 § 1.6 Convertible securities.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1.6.md)
- [12 CFR § 1.7 § 1.7 Securities held in satisfaction of debts previously contracted; holding period; disposal; accounting treatment; non-speculative purpose.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1.7.md)
- [12 CFR § 2.1 § 2.1 Authority, purpose, and scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-2.1.md)
- [12 CFR § 2.2 § 2.2 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-2.2.md)
- [12 CFR § 2.5 § 2.5 Bank compensation.](https://www.frixlaw.com/law-library/statutes/ecfr-12-2.5.md)
- [12 CFR § 5.1 § 5.1 Scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-5.1.md)
- [12 CFR § 8.1 § 8.1 Scope and application.](https://www.frixlaw.com/law-library/statutes/ecfr-12-8.1.md)
- [12 CFR § 8.6 § 8.6 Fees for special examinations and investigations.](https://www.frixlaw.com/law-library/statutes/ecfr-12-8.6.md)
- [12 CFR § 10.1 § 10.1 Scope.](https://www.frixlaw.com/law-library/statutes/ecfr-12-10.1.md)
- [12 CFR § 11.3 § 11.3 Filing requirements and inspection of documents.](https://www.frixlaw.com/law-library/statutes/ecfr-12-11.3.md)
- [12 CFR § 11.4 § 11.4 Filing fees.](https://www.frixlaw.com/law-library/statutes/ecfr-12-11.4.md)
- [12 CFR § 12.5 § 12.5 Notification by agreement; alternative forms and times of notification.](https://www.frixlaw.com/law-library/statutes/ecfr-12-12.5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-2.2. Check the current official text before relying on it. Not legal advice.