qualified business customer

(2) Qualified business customer defined .— For purposes of this subsection, the term “qualified business customer” means a business which— (A) maintains a transaction account (as defined in section 19(b)(1)(C) of the Federal Reserve Act) at the depository institution; (B) frequently engages in transactions with the depository institution which are subject to the reporting requirements of subsection (a); and (C) meets criteria which the Secretary determines are sufficient to ensure that the purposes of this subchapter are carried out without requiring a report with respect to such transactions.


31 USC § 5313(e)(2)

Scoping language

For purposes of this subsection
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