12 CFR 1002.103
§ 1002.103 Covered applications.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 1002.103, § 1002.103 Covered applications, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/49182
- Permanent ID
ys:prov:49182@1- SHA-256
cfc5a2c27399b62497a472eda94f945b93a9100287f849d1ff8029924d503521
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Covered application. Except as provided in paragraph (b) of this section, covered application means an oral or written request for a covered credit transaction that is made in accordance with procedures used by a financial institution for the type of credit requested.
(b) Circumstances that are not covered applications. A covered application does not include:
(1) Reevaluation, extension, or renewal requests on an existing business credit account, unless the request seeks additional credit amounts.
(2) Inquiries and prequalification requests.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.