In this subpart:
(a) Affiliate means, with respect to a financial institution,
any company that controls, is controlled by, or is under common control
with, another company, as set forth in the Bank Holding Company Act
of 1956 (12 U.S.C. 1841 et seq.). With respect to a business
or an applicant, affiliate shall have the same meaning as in
13 CFR 121.103.
(b) Applicant means any
person who requests or who has received an extension of business credit
from a financial institution.
(c) Business is defined in section 1002.106(a).
(d) Business
credit shall have the same meaning as in section 1002.2(g).
(e) Closed-end credit transaction means an
extension of business credit that is not an open-end credit transaction
under paragraph (n) of this section.
(f) Covered
application is defined in section 1002.103.
(g) Covered credit transaction is defined in section 1002.104.
(h) Covered financial institution is defined
in section 1002.105(b).
(i) Credit shall
have the same meaning as in section 1002.2(j).
(j) Financial institution is defined in section 1002.105(a).
(k) LGBTQI+ individual includes an individual who
identifies as lesbian, gay, bisexual, transgender, queer, or intersex.
(l) LGBTQI+-owned business means a business for which one or more LGBTQI+ individuals hold
more than 50 percent of its ownership or control, and for which more
than 50 percent of the net profits or losses accrue to one or more
such individuals.
(m) Minority-owned business means a business for which one or more American Indian or Alaska
Native, Asian, Black or African American, Native Hawaiian or Other
Pacific Islander, or Hispanic or Latino individuals hold more than
50 percent of its ownership or control, and for which more than 50
percent of the net profits or losses accrue to one or more such individuals.
(n) Open-end credit transaction means an open-end
credit plan as defined in Regulation Z, 12 CFR 1026.2(a)(20), but
without regard to whether the credit is consumer credit, as defined
in section 1026.2(a)(12), is extended by a creditor, as defined in
section 1026.2(a)(17), or is extended to a consumer, as defined in
section 1026.2(a)(11).
(o) Principal owner means an individual who directly owns 25 percent or more of the
equity interests of a business.
(p) Small business is defined in section 1002.106(b).
(q) Small
business lending application register or register means
the data reported, or required to be reported, annually pursuant to
section 1002.109.
(r) State shall have the
same meaning as in section 1002.2(aa).
(s) Women-owned
business means a business for which more than 50 percent of its
ownership or control is held by one or more women, and more than 50
percent of its net profits or losses accrue to one or more women.
