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Code · CFR · Title 12 — Banks and Banking · Part 222 — Fair Credit Reporting (Regulation V) · § 222.3

§ 222.3. Definitions.

378 words·~2 min read·/us/cfr/t12/s§ 222.3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

For purposes of this part, unless explicitly stated otherwise:
(a)Act means the Fair Credit Reporting Act (15 U.S.C. 1681 et seq.).
(b)Affiliate means any company that is related by common ownership or common corporate control with another company.
(c)[Reserved]
(d)Company means any corporation, limited liability company, business trust, general or limited partnership, association, or similar organization.
(e)Consumer means an individual. (f)-(h) [Reserved]
(i)Common ownership or common corporate control means a relationship between two companies under which:
(1)One company has, with respect to the other company:
(i)Ownership, control, or power to vote 25 percent or more of the outstanding shares of any class of voting security of a company, directly or indirectly, or acting through one or more other persons;
(ii)Control in any manner over the election of a majority of the directors, trustees, or general partners (or individuals exercising similar functions) of a company; or
(iii)The power to exercise, directly or indirectly, a controlling influence over the management or policies of a company, as the Board determines; or
(2)Any other person has, with respect to both companies, a relationship described in paragraphs (i)(1)(i) through (i)(1)(iii) of this section.
(j)[Reserved]
(k)Medical information means:
(1)Information or data, whether oral or recorded, in any form or medium, created by or derived from a health care provider or the consumer, that relates to:
(i)The past, present, or future physical, mental, or behavioral health or condition of an individual;
(ii)The provision of health care to an individual; or
(iii)The payment for the provision of health care to an individual.
(2)The term does not include:
(i)The age or gender of a consumer;
(ii)Demographic information about the consumer, including a consumer's residence address or e-mail address;
(iii)Any other information about a consumer that does not relate to the physical, mental, or behavioral health or condition of a consumer, including the existence or value of any insurance policy; or
(iv)Information that does not identify a specific consumer.
(l)Person means any individual, partnership, corporation, trust, estate cooperative, association, government or governmental subdivision or agency, or other entity. [Reg. V, 70 FR 70678, Nov. 22, 2005, as amended at 72 FR 63756, Nov. 9, 2007]
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§ 222.3
Definitions.
Fed. Reg.×1
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