Code of Federal Regulations · Section
§ 1002.105 — Covered Financial Institutions And Exempt Institutions
12 C.F.R. § 1002.105
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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 that originated at least 100 covered credit transactions for small businesses in each of the two preceding calendar years.
Authorizing Statute
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Rulemaking authority12 U.S.C. § 5512
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Promulgation of regulations by the Bureau15 U.S.C. § 1691b