Small Business Lending (Section 1071) Covered Application Flowchart
Updated 05/15/2026
Use this flowchart to determine whether an application is a “covered application” and is subject to Section 1071 data collection and reporting.
Rule: 12 CFR Part 1002 Subpart B – Small Business Lending Data Collection
Toolkit: 1071 Small Business Lending, Commercial Lending, CRA, Fair Lending, Regulation B
Keywords: 1071, Regulation B, Reg B, ECOA, Small Business Data Collection, 1071 Flowchart
5/15/2026 – Updated to reflect the CFPB’s final rule amending Section 1071 of Regulation B. Effective June 30, 2026; compliance date January 1, 2028.
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