Small Business Lending (Section 1071) Covered Application Flowchart
Updated 12/12/2024
Use this flowchart to determine whether an application is a “covered application” and is subject to Section 1071 data collection and reporting. The following are the key takeaways of the changes:
- Updated flowchart after internal discussions at C/A.
- Provided weblinks to all exemptions for ease of use.
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