---
kind: "section"
citation: "12 C.F.R. § 1002.101"
title: "12"
number: "1002.101"
heading: "Authority, purpose, and scope."
url: "https://uscodex.org/cfr/12/1002.101"
---

# §1002.101. Authority, purpose, and scope.

- (a) **Authority and scope.** This subpart to Regulation B is issued by the Bureau pursuant to section 704B of the Equal Credit Opportunity Act ([15 U.S.C. 1691c-2](/usc/15/1691c-2.md)). Except as otherwise provided herein, this subpart applies to covered financial institutions, as defined in [§ 1002.105(b)](/cfr/12/1002.105.md?p=b), other than a person excluded from coverage of this part by section 1029 of the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376, 2004 (2010).
- (b) **Purpose.** This subpart implements section 704B of the Equal Credit Opportunity Act, which Congress intended:
  - (1) To facilitate enforcement of fair lending laws; and
  - (2) To enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses.

## Notes

### Source

Source: 88 FR 35528, May 31, 2023, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 5512, 5581; 15 U.S.C. 1691b. Subpart B is also issued under 15 U.S.C. 1691c-2.

### Source

Source: 76 FR 79445, Dec. 21, 2011, unless otherwise noted.