---
kind: "section"
citation: "12 C.F.R. § 2.2"
title: "12"
number: "2.2"
heading: "Definitions."
url: "https://uscodex.org/cfr/12/2.2"
---

# §2.2. Definitions.

- (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.

## Notes

### Amendments

[61 FR 51781, Oct. 4, 1996, as amended at 73 FR 22235, Apr. 24, 2008]

### Authority

Authority: 12 U.S.C. 24 (Seventh), 93a, and 1818(n).

### Source

Source: 61 FR 51781, Oct. 4, 1996, unless otherwise noted.

### Amendments

[61 FR 51781, Oct. 4, 1996, as amended at 73 FR 22235, Apr. 24, 2008]