---
kind: "section"
citation: "12 C.F.R. § 1002.105"
title: "12"
number: "1002.105"
heading: "Covered financial institutions and exempt institutions."
url: "https://uscodex.org/cfr/12/1002.105"
---

# §1002.105. Covered financial institutions and exempt institutions.

- (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, other than a Farm Credit System lender, that originated at least 1,000 covered credit transactions for small businesses in each of the two preceding calendar years.

## Notes

### Amendments

[88 FR 35528, May 31, 2023, as amended at 91 FR 23605, May 1, 2026]

### 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.

### Amendments

[88 FR 35528, May 31, 2023, as amended at 91 FR 23605, May 1, 2026]