{"identifier":"/us/usc/t15/s6827","title":15,"num":"\u00a7\u202f6827.","heading":"Definitions","text":"\u00a7\u202f6827.\nDefinitions\nFor purposes of this subchapter, the following definitions shall apply:\n(1)\nCustomer\nThe term \u201ccustomer\u201d means, with respect to a financial institution, any person (or authorized representative of a person) to whom the financial institution provides a product or service, including that of acting as a fiduciary.\n(2)\nCustomer information of a financial institution\nThe term \u201ccustomer information of a financial institution\u201d means any information maintained by or for a financial institution which is derived from the relationship between the financial institution and a customer of the financial institution and is identified with the customer.\n(3)\nDocument\nThe term \u201cdocument\u201d means any information in any form.\n(4)\nFinancial institution\n(A)\nIn general\nThe term \u201cfinancial institution\u201d means any institution engaged in the business of providing financial services to customers who maintain a credit, deposit, trust, or other financial account or relationship with the institution.\n(B)\nCertain financial institutions specifically included\nThe term \u201cfinancial institution\u201d includes any depository institution (as defined in\nsection 461(b)(1)(A) of title 12\nsection 1681a(p) of this title\n(C)\nSecurities institutions\nFor purposes of subparagraph (B)\u2014\n(i) the terms \u201cbroker\u201d and \u201cdealer\u201d have the same meanings as given in\nsection 78c of this title\n(ii) the term \u201cinvestment adviser\u201d has the same meaning as given in\nsection 80b\u20132(a)(11) of this title\n(iii) the term \u201cinvestment company\u201d has the same meaning as given in\nsection 80a\u20133 of this title\n(D)\nCertain persons and entities specifically excluded\nThe term \u201cfinancial institution\u201d does not include any person or entity with respect to any financial activity that is subject to the jurisdiction of the Commodity Futures Trading Commission under the Commodity Exchange Act [\n7 U.S.C. 1\n12 U.S.C. 2001\n(E)\nFurther definition by regulation\nThe Federal Trade Commission, after consultation with Federal banking agencies and the Securities and Exchange Commission, may prescribe regulations clarifying or describing the types of institutions which shall be treated as financial institutions for purposes of this subchapter.","url":"https://projectusc.org/usc/t15/s6827.html","content":[{"t":"sec","id":"/us/usc/t15/s6827","children":[{"t":"num","text":"\u00a7\u202f6827."},{"t":"heading","text":"Definitions","tail":"\n"},{"t":"chapeau","text":"For purposes of this subchapter, the following definitions shall apply:"},{"t":"para","id":"/us/usc/t15/s6827/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Customer"},{"t":"content","children":[{"t":"p","text":"The term \u201ccustomer\u201d means, with respect to a financial institution, any person (or authorized representative of a person) to whom the financial institution provides a product or service, including that of acting as a fiduciary.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t15/s6827/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Customer information of a financial institution"},{"t":"content","children":[{"t":"p","text":"The term \u201ccustomer information of a financial institution\u201d means any information maintained by or for a financial institution which is derived from the relationship between the financial institution and a customer of the financial institution and is identified with the customer.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t15/s6827/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Document"},{"t":"content","children":[{"t":"p","text":"The term \u201cdocument\u201d means any information in any form.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t15/s6827/4","children":[{"t":"num","text":"(4)"},{"t":"heading","text":"Financial institution"},{"t":"subpara","id":"/us/usc/t15/s6827/4/A","children":[{"t":"num","text":"(A)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"The term \u201cfinancial institution\u201d means any institution engaged in the business of providing financial services to customers who maintain a credit, deposit, trust, or other financial account or relationship with the institution.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t15/s6827/4/B","children":[{"t":"num","text":"(B)"},{"t":"heading","text":"Certain financial institutions specifically included"},{"t":"content","children":[{"t":"p","text":"The term \u201cfinancial institution\u201d includes any depository institution (as defined in ","children":[{"t":"ref","text":"section 461(b)(1)(A) of title 12","href":"/us/usc/t12/s461/b/1/A","tail":"), any broker or dealer, any investment adviser or investment company, any insurance company, any loan or finance company, any credit card issuer or operator of a credit card system, and any consumer reporting agency that compiles and maintains files on consumers on a nationwide basis (as defined in "},{"t":"ref","text":"section 1681a(p) of this title","href":"/us/usc/t15/s1681a/p","tail":")."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t15/s6827/4/C","children":[{"t":"num","text":"(C)"},{"t":"heading","text":"Securities institutions"},{"t":"chapeau","text":"For purposes of subparagraph (B)\u2014"},{"t":"clause","id":"/us/usc/t15/s6827/4/C/i","children":[{"t":"num","text":"(i)"},{"t":"content","text":" the terms \u201cbroker\u201d and \u201cdealer\u201d have the same meanings as given in ","children":[{"t":"ref","text":"section 78c of this title","href":"/us/usc/t15/s78c","tail":";"}],"tail":"\n"}],"tail":"\n"},{"t":"clause","id":"/us/usc/t15/s6827/4/C/ii","children":[{"t":"num","text":"(ii)"},{"t":"content","text":" the term \u201cinvestment adviser\u201d has the same meaning as given in ","children":[{"t":"ref","text":"section 80b\u20132(a)(11) of this title","href":"/us/usc/t15/s80b\u20132/a/11","tail":"; and"}],"tail":"\n"}],"tail":"\n"},{"t":"clause","id":"/us/usc/t15/s6827/4/C/iii","children":[{"t":"num","text":"(iii)"},{"t":"content","text":" the term \u201cinvestment company\u201d has the same meaning as given in ","children":[{"t":"ref","text":"section 80a\u20133 of this title","href":"/us/usc/t15/s80a\u20133","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t15/s6827/4/D","children":[{"t":"num","text":"(D)"},{"t":"heading","text":"Certain persons and entities specifically excluded"},{"t":"content","children":[{"t":"p","text":"The term \u201cfinancial institution\u201d does not include any person or entity with respect to any financial activity that is subject to the jurisdiction of the Commodity Futures Trading Commission under the Commodity Exchange Act [","children":[{"t":"ref","text":"7 U.S.C. 1","href":"/us/usc/t7/s1","tail":" et seq.] and does not include the Federal Agricultural Mortgage Corporation or any entity chartered and operating under the Farm Credit Act of 1971 ["},{"t":"ref","text":"12 U.S.C. 2001","href":"/us/usc/t12/s2001","tail":" et seq.]."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t15/s6827/4/E","children":[{"t":"num","text":"(E)"},{"t":"heading","text":"Further definition by regulation"},{"t":"content","children":[{"t":"p","text":"The Federal Trade Commission, after consultation with Federal banking agencies and the Securities and Exchange Commission, may prescribe regulations clarifying or describing the types of institutions which shall be treated as financial institutions for purposes of this subchapter.","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}