Borrower
Borrower means an individual, partnership, joint venture, trust, corporation, or other business entity to which an institution has made a loan or a commitment to make a loan either directly or indirectly. Excluded are a Farm Credit System association or other financing institution that comply with the criteria in section 1.7(b) of the Act and the regulations in subpart P of this part. For the purposes of this subpart, the term borrower includes any customer to whom an institution has made a lease or a commitment to make a lease.
Source
12 CFR § 614.4350
Scoping language
For purposes of this subpart, the following definitions shall apply: