12 CFR § 1002.105 - Covered financial institutions and exempt institutions.
---
identifier: "/us/cfr/t12/s1002.105"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1002.105 - Covered financial institutions and exempt institutions."
title_number: 12
title_name: "Banks and Banking"
section_number: "1002.105"
section_name: "Covered financial institutions and exempt institutions."
chapter_name: "CONSUMER FINANCIAL PROTECTION BUREAU"
part_number: "1002"
part_name: "EQUAL CREDIT OPPORTUNITY ACT (REGULATION B)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5512, 5581; 15 U.S.C. 1691b. Subpart B is also issued under 15 U.S.C. 1691c-2."
regulatory_source: "76 FR 79445, Dec. 21, 2011, unless otherwise noted."
cfr_part: "1002"
---
# 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 that originated at least 100 covered credit transactions for small businesses in each of the two preceding calendar years.