12 C.F.R. § 1002.101
§ 1002.101 Authority, purpose, and scope. (12 CFR Part 1002)
Operative Text
(a) Authority and scope. This subpart to Regulation B is issued by the Bureau pursuant to section 704B of the Equal Credit Opportunity Act (15 U.S.C. 1691c-2). Except as otherwise provided herein, this subpart applies to covered financial institutions, as defined in § 1002.105(b), other than a person excluded from coverage of this part by section 1029 of the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376, 2004 (2010). (b) Purpose. This subpart implements section 704B of the Equal Credit Opportunity Act, which Congress intended: (1) To facilitate enforcement of fair lending laws; and (2) To enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses.
Section 1002.101 establishes the authority and purpose behind the small-business lending data collection subpart of Regulation B. Issued under section 704B of the Equal Credit Opportunity Act, this subpart applies to covered financial institutions as defined elsewhere in the regulation, with certain statutory exclusions. Its twin goals are to strengthen enforcement of fair lending laws and to help communities, government bodies, and lenders spot unmet credit needs among women-owned, minority-owned, and small businesses.
Plain English — not legal advice.
While § 1002.101 is primarily directed at financial institutions rather than property owners, landlords who operate as creditors or who work with lenders on financing arrangements should be aware that this subpart sets the foundational scope for small-business lending data rules under Regulation B. Compliant financial institutions covered by § 1002.101 generally maintain awareness of which entities fall under the subpart's definitions and ensure their practices align with the fair lending enforcement goals the rule is designed to support. Property owners involved in commercial lending activity may want to confirm with a compliance professional whether their operations bring them within the subpart's reach.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
For tenants—particularly those operating women-owned, minority-owned, or small businesses—§ 1002.101 signals that federal law has directed lenders to collect data intended to surface gaps in business credit access. If a tenant believes a lender has failed to meet obligations rooted in this subpart, they can raise the issue with the Consumer Financial Protection Bureau, consult a tenant-rights or small-business advocacy organization, or explore whether the violation is relevant to any proceeding under fair lending law. Understanding the purpose stated in § 1002.101 can help tenants contextualize their rights when seeking business financing.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated September 4, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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