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Filing instructions guide for small business lending data collected in 2024

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As a result of ongoing litigation, all deadlines for compliance with the small business lending rule currently are stayed for all covered financial institutions.

1. What is the filing instructions guide?

The 2024 filing instructions guide is a set of resources to help you file small business lending data with the Consumer Financial Protection Bureau (CFPB) in 2025 covering the period from October 1, 2024 to December 31, 2024. These resources are briefly described in this section and are further detailed throughout this web page in individual sections.

These resources may be useful for employees in a variety of roles, for example:

  • Staff who collect, prepare, and submit data
  • Technology support staff
  • Compliance officers


The guide includes the following sections:

Filing process overview

Section 2 provides an overview of the process to file small business lending data with the CFPB. It describes the data submission platform (the platform), which is the system that filers will use to submit their data. It also describes the file format that will be required for submitting the data.

Data points

Section 3 provides instructions for what to enter into each data field in the small business lending application register (register). A machine-readable version of the data specification is provided.

Data validation

Section 4 lists the validation requirements that a register must meet before it can be filed with the CFPB. A machine-readable version of the validation specification is provided.

Where to get help

Section 5 provides a summary of resources available from the CFPB to assist with small business lending rule-related inquiries.

2. Filing process overview

This section provides instructions on filing small business lending data with the CFPB. This document is not a substitute for the small business lending rule, found in Regulation B (12 CFR part 1002), Subpart B. Refer to the rule for guidance and clarification regarding the reporting requirements for each data field.

2.1. About the small business lending platform

Filers will submit their data to the platform via a web interface. There will be a process for individuals representing a financial institution to register for an account to access the online submission platform.

Using the platform, each filer will provide financial institution identifying information per 12 CFR § 1002.109(b). The platform will walk filers through the small business lending application register filing process, including uploading data, performing validation checks on the data, and certifying the data. An authorized representative of the filer with knowledge of the data submitted will certify to the accuracy and completeness of the data submitted.

2.2. File format

Your register must be submitted in a comma-separated values (CSV) file format.

Your CSV file should adhere to the following standards:

  1. The register must be a comma-delimited text file.
  2. The first line of the file is a header row. The contents of the header row must be the column names specified in the Data points section of this guide, in the order of the field numbering used in the guide, separated by commas.
  3. Each following line of the file represents a covered application record. Each record in the file must contain the data fields described in the Data points section of this guide, in order, corresponding to the order of the column names in the header row.
  4. Each data field within each row must be separated with a comma (","). That means that if you leave a field blank, the field should still be denoted by commas (example: three fields containing 1, [blank], 3 would be formatted as 1,,3).
  5. If any field contains space(s) (" ") before and/or after the comma delimiter, the space(s) will be ignored.
  6. This is not a fixed-width formatted file. Do not include leading zeros, tabs, or spaces for the purpose of making a data field a specific number of characters.
  7. If a field contains a comma character, the field must be enclosed in double quotes (e.g., "Confederated Tribes of the Coos, Lower Umpqua and Siuslaw Indians of Oregon"). Fields not containing a comma can also be enclosed in double quotes, but this is not required.
  8. No field in a row may contain a line break, newline, or carriage-return. Line breaks should only appear at the end of a row. Each row of the file should represent a whole application record.
  9. Files must use UTF-8 encoding (note that all-ASCII files are always valid UTF-8).

Any file not conforming to these specifications cannot be submitted as a register.

3. Data points

This section provides instructions on entering data in the small business lending application register for small business lending data collected in 2024. This document is not a substitute for the rule, found in Regulation B (12 CFR part 1002), Subpart B. Refer to the rule for guidance and clarification regarding the reporting requirements for each data field.

Data fields are presented below in the order they are recorded in the register. For a machine-readable view of the data specification, see the following link:

Data spec (CSV)

3.1 Unique identifier

Rule section: 12 CFR 1002.107(a)(1)

Field 1: Unique identifier

Column name
uid
Instructions
  • Field type: Text (width 21 to 45 characters)
  • Required for all application records

Enter a unique identifier for each application or extension of credit that:

  • Begins with the financial institution's Legal Entity Identifier as defined in comment 1002.109(b)(6)-1
  • Follows the Legal Entity Identifier with up to 25 additional characters to identify the covered loan or application, which:
    • May be uppercase letters, numerals, or a combination of uppercase letters and numerals (cannot contain dashes, other special characters, or characters with diacritics)
    • Must be unique within the financial institution
    • Must not include any information that could be used to directly identify the applicant or borrower

Examples
  • 10BX939C5543TQA1144M999143938
Validations
  • Must be at least 21 characters in length and at most 45 characters in length
  • May contain any combination of numbers and/or uppercase letters (i.e., 0-9 and A-Z), and must not contain any other characters
  • May not be used in more than one record within a small business lending application register
  • The first 20 characters should match the Legal Entity Identifier (LEI) for the financial institution

3.2 Application date

Rule section: 12 CFR 1002.107(a)(2)

Field 2: Application date

Column name
app_date
Instructions
  • Field type: Date
  • Required for all application records

Enter, in numeral form, the date the application was received or the date shown on the application form by year, month, and day, using YYYYMMDD format.

Examples
  • For October 1, 2024, enter 20241001
Validations
  • Must be a real calendar date using YYYYMMDD format

3.3 Application method

Rule section: 12 CFR 1002.107(a)(3)

Field 3: Application method

Column name
app_method
Instructions
  • Field type: Single response
  • Required for all application records

Indicate the means by which the applicant submitted the application by entering one of the specified codes.

Valid values Codes
1 Code 1 - In-person
2 Code 2 - Telephone
3 Code 3 - Online
4 Code 4 - Mail
Validations
  • Must equal 1, 2, 3 or 4

3.4 Application recipient

Rule section: 12 CFR 1002.107(a)(4)

Field 4: Application recipient

Column name
app_recipient
Instructions
  • Field type: Single response
  • Required for all application records

Indicate the application recipient by entering one of the specified codes.

Valid values Codes
1 Code 1 - The applicant submitted the application directly to the financial institution or its affiliate
2 Code 2 - The applicant submitted the application indirectly to the financial institution via a third party
Validations
  • Must equal 1 or 2

3.5 Credit type

Rule section: 12 CFR 1002.107(a)(5)

Field 5: Credit product

Rule section: 12 CFR 1002.107(a)(5)(i)

Column name
ct_credit_product
Instructions
  • Field type: Single response
  • Required for all application records

Indicate the credit product by entering one of the specified codes.

Valid values Codes Instructions
1 Code 1 - Term loan - unsecured
2 Code 2 - Term loan - secured
3 Code 3 - Line of credit - unsecured
4 Code 4 - Line of credit - secured
5 Code 5 - Credit card account, not private-label
6 Code 6 - Private-label credit card account
7 Code 7 - Merchant cash advance
8 Code 8 - Other sales-based financing transaction
977 Code 977 - Other When this code is entered, also specify the credit product in the associated free-form text field.
988 Code 988 - Not provided by applicant and otherwise undetermined Enter code 988 if the credit product is not provided by applicant and is otherwise undetermined.
Validations
  • Must equal 1, 2, 3, 4, 5, 6, 7, 8, 977, or 988

Field 6: Free-form text field for other credit products

Rule section: 12 CFR 1002.107(a)(5)(i)

Column name
ct_credit_product_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'credit product' is code 977. Leave blank if code 977 is not entered.

Specify in text the other credit product if code 977 is entered.

Validations
  • Must not exceed 300 characters in length

Field 7: Type of guarantee

Rule section: 12 CFR 1002.107(a)(5)(ii)

Column name
ct_guarantee
Instructions
  • Field type: Multiple response
  • Required for all application records

Indicate the type or types of guarantees by entering up to five of the specified codes. If there is more than one type of guarantee, enter each, in any order, separated by a semicolon. A maximum of five types of guarantees, including any 'other' guarantee(s) specified in the free-form text field, may be entered.

Valid values Codes Instructions
1 Code 1 - Personal guarantee - owner(s)
2 Code 2 - Personal guarantee - non-owner(s)
3 Code 3 - SBA guarantee - 7(a) program
4 Code 4 - SBA guarantee - 504 program
5 Code 5 - SBA guarantee - other
6 Code 6 - USDA guarantee
7 Code 7 - FHA insurance
8 Code 8 - Bureau of Indian Affairs guarantee
9 Code 9 - Other Federal guarantee
10 Code 10 - State government guarantee
11 Code 11 - Local government guarantee
977 Code 977 - Other When this code is entered, also specify the type of guarantee in the associated free-form text field.
999 Code 999 - No guarantee
Validations
  • Each value (separated by semicolons) must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 977, or 999
  • Must contain at least one and at most five values, separated by semicolons
  • When code 999 is reported, should not contain any other values
  • Should not contain duplicated values

Field 8: Free-form text field for other guarantee

Rule section: 12 CFR 1002.107(a)(5)(ii)

Column name
ct_guarantee_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'type of guarantee' contains code 977. Leave blank if code 977 is not entered.

Specify in text the other guarantee if code 977 is entered. If there is more than one other guarantee, separate each with a semicolon.

Validations
  • Must not exceed 300 characters in length

Field 9: Loan term: NA/NP flag

Rule section: 12 CFR 1002.107(a)(5)(iii)

Column name
ct_loan_term_flag
Instructions
  • Field type: Single response
  • Required for all application records

Indicate whether 'loan term' is applicable for this application for credit by entering one of the specified codes.

Valid values Codes Instructions
900 Code 900 - Applicable and reported
988 Code 988 - Applicable but not provided by applicant and otherwise undetermined Enter code 988 if any of the following conditions apply:
  • The product generally has a loan term, but the application is denied, withdrawn, or determined to be incomplete before a loan term has been identified
  • The 'credit product' is code 7 (merchant cash advance) or code 8 (other sales-based financing transaction) and the product does not have a loan term
999 Code 999 - Not applicable Enter code 999 if the product type does not have a loan term, such as a credit card.
Validations
  • Must equal 900, 988, or 999

Field 10: Loan term

Rule section: 12 CFR 1002.107(a)(5)(iii)

Column name
ct_loan_term
Instructions
  • Field type: Numeric
  • Conditionally required if 'credit type: loan term: NA/NP flag' is code 900. Leave blank if code 900 is not entered.

Enter, in numerical form, the number of months in the loan term for products that have a loan term. If the product has a loan term of less than 1 month, enter 1.

Examples
  • For a loan term of 36 months, enter 36
  • For a loan term of less than 1 month, enter 1
Validations
  • When present, must be a whole number
  • When present, must be greater than or equal to 1
  • When present, should be less than 1200 (100 years)

3.6 Credit purpose

Rule section: 12 CFR 1002.107(a)(6)

Field 11: Credit purpose

Column name
credit_purpose
Instructions
  • Field type: Multiple response
  • Required for all application records

Indicate the credit purpose(s) by entering up to three of the specified codes. If there is more than one credit purpose, enter each, in any order, separated by a semicolon.

Valid values Codes Instructions
1 Code 1 - Purchase, construction/improvement, or refinance of non-owner-occupied real property
2 Code 2 - Purchase, construction/improvement, or refinance of owner-occupied real property
3 Code 3 - Purchase, refinance, or rehabilitation/repair of motor vehicle(s) (including light and heavy trucks)
4 Code 4 - Purchase, refinance, or rehabilitation/repair of equipment
5 Code 5 - Working capital (includes inventory or floor planning)
6 Code 6 - Business start-up
7 Code 7 - Business expansion
8 Code 8 - Business acquisition
9 Code 9 - Refinance existing debt (other than refinancings listed above)
10 Code 10 - Line increase
11 Code 11 - Overdraft
977 Code 977 - Other When this code is entered, also specify the credit purpose in the associated free-form text field.
988 Code 988 - Not provided by applicant and otherwise undetermined Enter code 988 if the credit purpose for the application is not provided by applicant and otherwise undetermined.
999 Code 999 - Not applicable Enter code 999 for a credit product that generally has indeterminate or numerous potential purposes, such as a credit card.
Validations
  • Each value (separated by semicolons) must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 977, 988, or 999
  • Must contain at least one and at most three values, separated by semicolons
  • When code 988 or 999 is reported, should not contain any other values
  • Should not contain duplicated values

Field 12: Free-form text field for other credit purpose

Column name
credit_purpose_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'credit purpose' contains code 977. Leave blank if code 977 is not entered.

Specify in text the other credit purpose if code 977 is entered. Do not enter more than one other credit purpose.

Validations
  • Must not exceed 300 characters in length

3.7 Amount applied for

Rule section: 12 CFR 1002.107(a)(7)

Field 13: Amount applied for: NA/NP flag

Column name
amount_applied_for_flag
Instructions
  • Field type: Single response
  • Required for all application records

Indicate whether 'amount applied for' is provided by entering one of the specified codes.

Valid values Codes Instructions
900 Code 900 - Applicable and reported
988 Code 988 - Applicable but not provided by applicant and otherwise undetermined Enter code 988 if the product applied for does involve a specific amount requested or underwritten, but the amount requested or underwritten is not provided by the applicant and otherwise undetermined.
999 Code 999 - Not applicable Enter code 999 if the product applied for does not involve a specific amount requested.
Validations
  • Must equal 900, 988 or 999

Field 14: Amount applied for

Column name
amount_applied_for
Instructions
  • Field type: Numeric
  • Conditionally required if 'amount applied for: NA/NP flag' is code 900. Leave blank if code 900 is not entered.

Enter one of the following:

  • The dollar amount for initial amount of credit/credit limit requested by applicant at the application stage
  • If application is in response to a firm offer that specifies an amount or limit, the dollar amount of the firm offer, unless the applicant requested a different amount
  • If application is in response to a firm offer that does not specify an amount or limit and the applicant did not request a specific amount, the dollar amount underwritten
  • If application is in response to a firm offer that specifies an amount or limit as a range and the applicant did not request a specific amount, the dollar amount underwritten
  • If applicant did not request a particular amount but the financial institution underwrites for a specific amount, the dollar amount underwritten
  • If applicant requested a range of dollar amounts, the midpoint of that range
  • If application is a request for additional amounts on an existing account, the dollar amount of additional credit requested

Examples
  • For $12,345, enter 12345
Validations
  • When present, must be a numeric value
  • When present, must be greater than 0

3.8 Amount approved or originated

Rule section: 12 CFR 1002.107(a)(8)

Field 15: Amount approved or originated

Column name
amount_approved
Instructions
  • Field type: Numeric
  • Conditionally required if 'action taken' is code 1 or 2. Report not applicable by leaving blank if codes 1 or 2 are not entered.

Enter one of the following:

  • For a closed-end origination, the amount of the originated loan
  • For a closed-end application, the highest amount approved if the application was approved but not accepted
  • For an open-end origination, the amount of the credit limit established
  • For an open-end application, the highest amount approved if the application was approved but not accepted
  • For additional credit amounts that were approved for or originated on an existing account, report the additional credit amount approved or originated, and not any previous amount extended
  • Leave blank if amount approved or originated is not applicable because an application is denied, withdrawn, or incomplete

Examples
  • For $101.23, enter 101.23
Validations
  • When present, must be a numeric value
  • When present, must be greater than 0

3.9 Action taken

Rule section: 12 CFR 1002.107(a)(9)

Field 16: Action taken

Column name
action_taken
Instructions
  • Field type: Single response
  • Required for all application records

Indicate what action is taken by entering one of the specified codes.

Valid values Codes
1 Code 1 - Originated
2 Code 2 - Approved but not accepted
3 Code 3 - Denied
4 Code 4 - Withdrawn by the applicant
5 Code 5 - Incomplete
Validations
  • Must equal 1, 2, 3, 4, or 5

3.10 Action taken date

Rule section: 12 CFR 1002.107(a)(10)

Field 17: Action taken date

Column name
action_taken_date
Instructions
  • Field type: Date
  • Required for all application records

Enter, in numeral form, the date the action was taken as a year, month, and day (YYYYMMDD).

Examples
  • For October 25, 2024, enter 20241025
Validations
  • Must be a real calendar date using YYYYMMDD format
  • The date indicated must occur within the current reporting period: October 1, 2024 to December 31, 2024

3.11 Denial reasons

Rule section: 12 CFR 1002.107(a)(11)

Field 18: Denial reason(s)

Column name
denial_reasons
Instructions
  • Field type: Multiple response
  • Required for all application records

For a denied application, indicate the principal reason(s) for denial by entering up to four of the specified codes. If there is more than one principal reason for denial, enter each, in any order, separated by a semicolon. A maximum of four denial reasons, including any 'other' denial reason(s) specified in the free-form text field, may be entered.

Examples
  • If Cashflow, enter 4
  • If Cashflow, Collateral, Time in business, and Government loan program criteria, enter 4;5;6;7 or 7;5;6;4 etc.
Valid values Codes Instructions
1 Code 1 - Credit characteristics of the business
2 Code 2 - Credit characteristics of the principal owner(s) or guarantor(s)
3 Code 3 - Use of credit proceeds
4 Code 4 - Cashflow
5 Code 5 - Collateral
6 Code 6 - Time in business
7 Code 7 - Government loan program criteria
8 Code 8 - Aggregate exposure
9 Code 9 - Unverifiable information
977 Code 977 - Other When this code is entered, also specify the denial reason(s) in the associated free-form text field.
999 Code 999 - Not applicable Enter code 999 if application was not denied (i.e., application is withdrawn by applicant, incomplete, or approved but not accepted, or loan is originated by the financial institution).
Validations
  • Each value (separated by semicolons) must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, 977, or 999
  • Must contain at least one and at most four values, separated by semicolons
  • When code 999 is reported, should not contain any other values
  • Should not contain duplicated values

Field 19: Free-form text field for other denial reason(s)

Column name
denial_reasons_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'denial reason(s)' contains code 977. Leave blank if code 977 is not entered.

Specify in text the other denial reason(s) if code 977 is entered. If there is more than one other denial reason, separate each with a semicolon.

Validations
  • Must not exceed 300 characters in length

3.12 Pricing information

Rule section: 12 CFR 1002.107(a)(12)

Field 20: Interest rate type

Rule section: 12 CFR 1002.107(a)(12)(i)

Column name
pricing_interest_rate_type
Instructions
  • Field type: Single response
  • Required for all application records

Indicate the type of interest rate relevant to this transaction by entering one of the specified codes. If any code besides 999 is reported, use the subsequent fields to report the initial rate period, fixed rate transaction information, and adjustable rate transaction information, as applicable.

Valid values Codes Instructions
1 Code 1 - The transaction has a adjustable interest rate and does not have an initial rate period
2 Code 2 - The transaction has a fixed interest rate and does not have an initial rate period
3 Code 3 - The transaction has an initial rate period greater than 12 months, during which the interest rate is adjustable
4 Code 4 - The transaction has an initial rate period greater than 12 months, during which the interest rate is fixed
5 Code 5 - The transaction has an initial rate period less than or equal to 12 months, after which the interest rate is adjustable
6 Code 6 - The transaction has an initial rate period less than or equal to 12 months, after which the interest rate is fixed
999 Code 999 - Not applicable Enter code 999 if any of the following conditions apply:
  • The application is denied, withdrawn, or incomplete
  • The originated or approved but not accepted transaction has no interest rate
Validations
  • Must equal 1, 2, 3, 4, 5, 6, or 999

Field 21: Initial rate period

Rule section: 12 CFR 1002.107(a)(12)(i)(B)

Column name
pricing_init_rate_period
Instructions
  • Field type: Numeric
  • Conditionally required if 'interest rate type' is code 3, 4, 5, or 6. Leave blank if codes 3, 4, 5, or 6 are not entered.

For originated credit and credit that is approved but not accepted, if the transaction has an initial rate period, enter, as a whole number, the length of the initial rate period expressed in months.

Examples
  • 24
Validations
  • When present, must be a whole number
  • When present, must be greater than 0

Field 22: Fixed rate: interest rate

Rule section: 12 CFR 1002.107(a)(12)(i)(A)

Column name
pricing_fixed_rate
Instructions
  • Field type: Numeric
  • Conditionally required if 'interest rate type' is code 2, 4, or 6. Leave blank if codes 2, 4, or 6 are not entered.

For originated credit and credit that is approved but not accepted, that has a covered fixed rate component, enter the interest rate, as a percentage, to at least three (3) decimal places. Numbers calculated to beyond three (3) decimal places may either be reported beyond three (3) decimal places or rounded or truncated to three (3) decimal places. Decimal place trailing zeros may be either included or omitted.

Examples
  • If 4.125%, enter 4.125
  • If 4.500%, enter 4.5, 4.50, or 4.500
Validations
  • When present, must be a numeric value
  • When present, should generally be greater than 0.1

Field 23: Adjustable rate transaction: margin

Rule section: 12 CFR 1002.107(a)(12)(i)(B)

Column name
pricing_adj_margin
Instructions
  • Field type: Numeric
  • Conditionally required if 'interest rate type' is code 1, 3, or 5. Leave blank if codes 1, 3, or 5 are not entered.

For originated credit and credit that is approved but not accepted, that has a covered adjustable rate component, enter the margin rate, as a percentage, to at least three (3) decimal places. Numbers calculated to beyond three (3) decimal places may either be reported beyond three (3) decimal places or rounded or truncated to three (3) decimal places. Decimal place trailing zeros may be either included or omitted.

Examples
  • If 2.525%, enter 2.525
  • If 2.500%, enter 2.5, 2.50, or 2.500
Validations
  • When present, must be a numeric value
  • When present, should generally be greater than 0.1

Field 24: Adjujstable rate transaction: index name

Rule section: 12 CFR 1002.107(a)(12)(i)(B)

Column name
pricing_adj_index_name
Instructions
  • Field type: Single response
  • Required for all application records

For originated credit and credit that is approved but not accepted, that has a covered adjustable rate component, indicate the index name by entering one of the specified codes.

Valid values Codes Instructions
1 Code 1 - Wall Street Journal Prime
2 Code 2 - 6-month CD rate
3 Code 3 - 1-year T-Bill
4 Code 4 - 3-year T-Bill
5 Code 5 - 5-year T-Note
6 Code 6 - 12-month average of 10-year T-Bill
7 Code 7 - Cost of Funds Index (COFI) - National
8 Code 8 - Cost of Funds Index (COFI) - 11th District
9 Code 9 - Constant Maturity Treasury (CMT)
10 Code 10 - Internal Proprietary Index
977 Code 977 - Other When this code is entered, also specify the index name in the associated free-form text field.
999 Code 999 - Not applicable Enter code 999 if 'interest rate type' is not 1, 3, or 5.
Validations
  • Must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 977 or 999

Field 25: Adjustable rate transaction: index name: other

Rule section: 12 CFR 1002.107(a)(12)(i)(B)

Column name
pricing_adj_index_name_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'adjustable rate transaction: index name' is code 977. Leave blank if code 977 is not entered.

Specify in text the other index name if code 977 is entered.

Validations
  • Must not exceed 300 characters in length

Field 26: Adjustable rate transaction: index value

Rule section: 12 CFR 1002.107(a)(12)(i)(B)

Column name
pricing_adj_index_value
Instructions
  • Field type: Numeric
  • Conditionally required if 'interest rate type' is code 1 or 3. Leave blank if codes 1 or 3 are not entered.

For originated credit and credit that is approved but not accepted, that has a covered adjustable rate component, enter the index value used to set the rate that is or would be applicable to the covered transaction, as a percentage, to at least three (3) decimal places. Numbers calculated to beyond three (3) decimal places may either be reported beyond three (3) decimal places or rounded or truncated to three (3) decimal places. Decimal place trailing zeros may be either included or omitted.

Examples
  • If 1.025%, enter 1.025
  • If 3.100%, enter 3.1, 3.10, or 3.100
Validations
  • When present, must be a numeric value

Field 27: Total origination charges

Rule section: 12 CFR 1002.107(a)(12)(ii)

Column name
pricing_origination_charges
Instructions
  • Field type: Numeric
  • Conditionally required if 'action taken' is code 1 or 2. Report not applicable by leaving blank if codes 1 or 2 are not entered.

For originated credit and credit that is approved but not accepted, enter, in dollars, the amount of the total origination charges. Enter 0 if there are no origination charges associated with the application. Leave blank if this is not applicable because the application is denied, withdrawn, or incomplete.

Examples
  • If $2,500, enter 2500 or 2500.00
  • If $2,582.91, enter 2582.91
  • If $0, enter 0
  • If -$100, enter -100
Validations
  • When present, must be a numeric value

Field 28: Amount of total broker fees

Rule section: 12 CFR 1002.107(a)(12)(iii)

Column name
pricing_broker_fees
Instructions
  • Field type: Numeric
  • Conditionally required if 'action taken' is code 1 or 2. Report not applicable by leaving blank if codes 1 or 2 are not entered.

For originated credit and credit that is approved but not accepted, enter, in dollars, the amount of the total broker fees. Enter 0 if there are no broker fees associated with the application. Leave blank if this is not applicable because the application is denied, withdrawn, or incomplete.

Examples
  • If $1,125, enter 1125 or 1125.00
  • If $1,125.76, enter 1125.76
  • If $0, enter 0
Validations
  • When present, must be a numeric value

Field 29: Initial annual charges

Rule section: 12 CFR 1002.107(a)(12)(iv)

Column name
pricing_initial_charges
Instructions
  • Field type: Numeric
  • Conditionally required if 'action taken' is code 1 or 2. Report not applicable by leaving blank if codes 1 or 2 are not entered.

For originated credit and credit that is approved but not accepted, enter, in dollars, the amount of the total non-interest charges scheduled to be imposed over the first annual period. Enter 0 if there are no non-interest charges scheduled to be imposed over the first annual period. Leave blank if this is not applicable because the application is denied, withdrawn, or incomplete.

Examples
  • If $1,034, enter 1034 or 1034.00
  • If $1,034.97, enter 1034.97
  • If $0, enter 0
Validations
  • When present, must be a numeric value

Field 30: MCA/sales-based: additional cost for merchant cash advances or other sales-based financing: NA flag

Rule section: 12 CFR 1002.107(a)(12)(v)

Column name
pricing_mca_addcost_flag
Instructions
  • Field type: Single response
  • Required for all application records

Indicate whether 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing' is applicable by entering one of the specified codes.

Valid values Codes Instructions
900 Code 900 - Applicable
999 Code 999 - Not applicable Enter code 999 if any of the following conditions apply:
  • The application is denied, withdrawn, or incomplete
  • The approved transaction is not a merchant cash advance or other sales-based financing
Validations
  • Must equal 900 or 999

Field 31: MCA/sales-based: additional cost for merchant cash advances or other sales-based financing

Rule section: 12 CFR 1002.107(a)(12)(v)

Column name
pricing_mca_addcost
Instructions
  • Field type: Numeric
  • Conditionally required if 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing: NA flag' is code 900. Leave blank if code 900 is not entered.

For originated credit and credit that is approved but not accepted, if a merchant cash advance or other sales-based financing transaction, enter, in dollars, the difference between the amount advanced and the amount to be repaid.

Examples
  • If $3,500, enter 3500 or 3500.00
  • If $3,527.14, enter 3527.14
  • If $0, enter 0
Validations
  • When present, must be a numeric value

Field 32: Prepayment penalty could be imposed

Rule section: 12 CFR 1002.107(a)(12)(vi)(A)

Column name
pricing_prepenalty_allowed
Instructions
  • Field type: Single response
  • Required for all application records

For originated credit and credit that is approved but not accepted, indicate whether a prepayment penalty could be included under current policies and procedures by entering one of the specified codes.

Valid values Codes Instructions
1 Code 1 - Yes
2 Code 2 - No
999 Code 999 - Not applicable Enter code 999 if the application is denied, withdrawn, or incomplete.
Validations
  • Must equal 1, 2 or 999

Field 33: Prepayment penalty exists

Rule section: 12 CFR 1002.107(a)(12)(vi)(B)

Column name
pricing_prepenalty_exists
Instructions
  • Field type: Single response
  • Required for all application records

For originated credit and credit that is approved but not accepted, indicate whether the terms of the transaction include a prepayment penalty by entering one of the specified codes.

Valid values Codes Instructions
1 Code 1 - Yes
2 Code 2 - No
999 Code 999 - Not applicable Enter code 999 if the application is denied, withdrawn, or incomplete.
Validations
  • Must equal 1, 2 or 999

3.13 Census tract

Rule section: 12 CFR 1002.107(a)(13)

Field 34: Type of address

Column name
census_tract_adr_type
Instructions
  • Field type: Single response
  • Required for all application records

Indicate the type of address or location used to determine the census tract by entering one of the specified codes.

Valid values Codes
1 Code 1 - Address or location where the loan proceeds will principally be applied
2 Code 2 - Address or location of borrower's main office or headquarters
3 Code 3 - Another address or location associated with the applicant
988 Code 988 - Not provided by applicant and otherwise undetermined
Validations
  • Must equal 1, 2, 3 or 988

Field 35: Tract number

Column name
census_tract_number
Instructions
  • Field type: Special (width 11 characters)
  • Conditionally required if 'type of address' is code 1, 2, or 3. Leave blank if code 988 is entered.

Enter the 11-digit census tract number as defined by the U.S. Census Bureau of the appropriate one of the following:

  • Address where the loan proceeds will principally be applied, if known
  • If the proceeds address is not known, location of borrower's main office or headquarters
  • If neither of those addresses are known, another address or location associated with the applicant
Do not use decimals.

Examples
  • 06037264000 (a census tract within Los Angeles County, CA)
Validations
  • When present, must be a GEOID with exactly 11 digits
  • When present, should be a valid census tract GEOID as defined by the U.S. Census Bureau

3.14 Gross annual revenue

Rule section: 12 CFR 1002.107(a)(14)

Field 36: Gross annual revenue: NP flag

Column name
gross_annual_revenue_flag
Instructions
  • Field type: Single response
  • Required for all application records

Indicate whether 'gross annual revenue' is reported by entering one of the specified codes.

Valid values Codes Instructions
900 Code 900 - Provided
988 Code 988 - Not provided by applicant and otherwise undetermined Enter code 988 if gross annual revenue is not provided by applicant and is otherwise undetermined.
Validations
  • Must equal 900 or 988

Field 37: Gross annual revenue

Column name
gross_annual_revenue
Instructions
  • Field type: Numeric
  • Conditionally required if 'gross annual revenue: NP flag' is code 900. Leave blank if code 900 is not entered.

Enter the dollar amount of the applicant's gross annual revenue for its preceding full fiscal year. A financial institution is permitted, but not required, to report the gross annual revenue for the applicant that includes the revenue of affiliates as well. If a business has no gross annual revenue to report (e.g., a startup, a new line of business, and/or a business with a change in structure or ownership), the financial institution would report that the applicant's gross annual revenue in its preceding full fiscal year is 0.

Examples
  • If $855,430, enter 855430 or 855430.00
  • If $855,430.17, enter 855430.17
  • If $0, enter 0
Validations
  • When present, must be a numeric value

3.15 North American Industry Classification System (NAICS) code

Rule section: 12 CFR 1002.107(a)(15)

Field 38: North American Industry Classification System (NAICS) code: NP flag

Column name
naics_code_flag
Instructions
  • Field type: Single response
  • Required for all application records

Indicate whether NAICS code is provided by entering one of the specified codes.

Valid values Codes Instructions
900 Code 900 - Reported
988 Code 988 - Not provided by applicant and otherwise undetermined Enter code 988 if NAICS code is not provided by applicant and is otherwise undetermined.
Validations
  • Must equal 900 or 988

Field 39: North American Industry Classification System (NAICS) code

Column name
naics_code
Instructions
  • Field type: Special (width 3 characters)
  • Conditionally required if 'North American Industry Classification System (NAICS) code: NP flag' is code 900. Leave blank if code 900 is not entered.

Enter a three-digit NAICS code appropriate for the applicant.

Examples
  • 311 (a business engaged in the food processing sector)
Validations
  • When present, must be exactly three numeric characters
  • When present, should be a valid NAICS code

3.16 Number of workers

Rule section: 12 CFR 1002.107(a)(16)

Field 40: Number of workers

Column name
number_of_workers
Instructions
  • Field type: Single response
  • Required for all application records

Indicate the range of the number of workers by entering one of the specified codes. Includes full-time, part-time, and seasonal workers as well as contractors working primarily for the applicant but does not include principal owners.

Valid values Codes
1 Code 1 - Firms with no workers
2 Code 2 - Firms with 1 to 4 workers
3 Code 3 - Firms with 5 to 9 workers
4 Code 4 - Firms with 10 to 19 workers
5 Code 5 - Firms with 20 to 49 workers
6 Code 6 - Firms with 50 to 99 workers
7 Code 7 - Firms with 100 to 249 workers
8 Code 8 - Firms with 250 to 499 workers
9 Code 9 - Firms with 500 workers or more
988 Code 988 - Not provided by applicant and otherwise undetermined
Validations
  • Must equal 1, 2, 3, 4, 5, 6, 7, 8, 9 or 988

3.17 Time in business

Rule section: 12 CFR 1002.107(a)(17)

Field 41: Type of response

Column name
time_in_business_type
Instructions
  • Field type: Single response
  • Required for all application records

Indicate whether the applicant provided information on 'time in business' by entering one of the specified codes.

Valid values Codes Instructions
1 Code 1 - The number of years the applicant has been in business is collected or obtained by the financial institution Enter code 1 If you collected or otherwise obtained the number of years the applicant has been in business. When this code is entered, also specify in the associated numeric entry field the number of whole years.
2 Code 2 - Applicant has been in business less than two years Enter code 2 or 3 If you did not collect or otherwise obtain the number of years the applicant has been in business as determined by you or provided by the applicant, accordingly.
3 Code 3 - Applicant has been in business two or more years Enter code 2 or 3 If you did not collect or otherwise obtain the number of years the applicant has been in business as determined by you or provided by the applicant, accordingly.
988 Code 988 - Not provided by applicant and otherwise undetermined
Validations
  • Must equal 1, 2, 3, or 988

Field 42: Time in business

Column name
time_in_business
Instructions
  • Field type: Numeric
  • Conditionally required if 'time in business: type of response' is code 1. Leave blank if code 1 is not entered.

Enter the number of years the applicant has been in business, as collected or obtained by the financial institution, rounding down to the nearest whole number of years.

Examples
  • 12
Validations
  • When present, must be a whole number
  • When present, must be greater than or equal to 0

3.18 Minority-owned, women-owned, and LGBTQI+-owned business statuses

Rule section: 12 CFR 1002.107(a)(18)

Field 43: Business ownership status

Column name
business_ownership_status
Instructions
  • Field type: Multiple response
  • Required for all application records

Indicate whether the applicant is a minority-owned, women-owned, and/or LGBTQI+-owned business by entering, as appropriate, from the specified codes. Use the codes below to report the selections that the applicant made (such as on the demographic data collection form), except where otherwise noted in 'Instructions'. If the applicant selects more than one applicable business ownership status, enter each, in any order, separated by a semicolon. If the applicant reports that they are a women-owned, minority-owned, and/or LGBTQI+-owned business but also responds that they do not wish to provide this information, enter codes 1, 2, and/or 3 as appropriate. Do not report code 966 if any other codes apply.

Examples
  • If women-owned, enter 2
  • If women-owned and LGBTQI+-owned, enter 2;3 or 3;2
  • If LGBTQI+-owned and the applicant responded that they did not wish to provide this information, enter 3
Valid values Codes Instructions
1 Code 1 - Minority-owned business
2 Code 2 - Women-owned business
3 Code 3 - LGBTQI+-owned business
955 Code 955 - None of these apply
966 Code 966 - The applicant responded that they did not wish to provide this information Do not enter code 966 if the applicant selected any of the minority-owned business, women-owned business, or LGBTQI+-owned business response options.
988 Code 988 - Not provided by applicant Enter code 988 if the applicant does not select any response options.
Validations
  • Each value (separated by semicolons) must equal 1, 2, 3, 955, 966, or 988
  • Must contain at least one value
  • Should not contain duplicated values
  • When code 966 or 988 is reported, should not contain any other values

3.19 Number of principal owners

Rule section: 12 CFR 1002.107(a)(20)

Field 44: Number of principal owners: NP flag

Column name
num_principal_owners_flag
Instructions
  • Field type: Single response
  • Required for all application records

Indicate whether number of principal owners is provided by entering one of the specified codes.

Valid values Codes Instructions
900 Code 900 - Reported
988 Code 988 - Not provided by applicant and otherwise undetermined Enter code 988 if number of principal owners is not provided by applicant and otherwise undetermined.
Validations
  • Must equal 900 or 988

Field 45: Number of principal owners

Column name
num_principal_owners
Instructions
  • Field type: Single response
  • Conditionally required if 'number of principal owners: NP flag' is code 900. Leave blank if code 900 is not entered.

Enter the number of the applicant's principal owners. If no principal owner has at least 25% ownership of the business, enter 0.

Validations
  • When present, must equal 0, 1, 2, 3, or 4

3.20 Demographic information of principal owner 1

Rule section: 12 CFR 1002.107(a)(19)

Field 46: Ethnicity of principal owner 1

Column name
po_1_ethnicity
Instructions
  • Field type: Multiple response
  • Conditionally required if there is at least one principal owner. Report not applicable by leaving blank if there are no principal owners.

Indicate the ethnicity of the applicant's principal owner 1 by entering, as appropriate, from the specified codes. Use the codes below to report the selections that the applicant made (such as on the demographic data collection form), except where otherwise noted in 'Instructions'. If the applicant selects more than one ethnicity for a principal owner, enter each, in any order, separated by a semicolon. If the applicant selects an ethnicity for a principal owner or responds in the free-form text field but also responds that they do not wish to provide this information, enter the ethnicity codes (1, 11, 12, 13, 14, 2, and/or 977) as appropriate. Do not report code 966 if any other codes apply. If an applicant responds in the free-form text field, but does not select Other Hispanic or Latino, you are permitted, but not required, to report Other Hispanic or Latino.

Examples
  • If Mexican, enter 11
  • If Mexican and Puerto Rican, enter 11;12 or 12;11
  • If Mexican and the applicant responded that they did not wish to provide this information, enter 11
  • If responded Argentinean in the free form-text field but the applicant did not select Other Hispanic or Latino ethnicity, enter 977. May also enter 14.
Valid values Codes Instructions
1 Code 1 - Hispanic or Latino
11 Code 11 - Mexican
12 Code 12 - Puerto Rican
13 Code 13 - Cuban
14 Code 14 - Other Hispanic or Latino Ethnicity
2 Code 2 - Not Hispanic or Latino
966 Code 966 - The applicant responded that they did not wish to provide this information Do not enter code 966 if the applicant selected any of the ethnicity response options.
977 Code 977 - The applicant responded in the free-form text field When this code is entered, also specify the applicant's response in the associated free-form text field for other Hispanic or Latino.
988 Code 988 - Not provided by applicant Enter code 988 if the applicant does not select any response options and does not respond in the free-form text field.
Validations
  • When present, each value (separated by semicolons) must equal 1, 11, 12, 13, 14, 2, 966, 977, or 988
  • Should not contain duplicated values
  • When code 966 or 988 is reported, should not contain any other values

Field 47: Ethnicity of principal owner 1: free-form text field for other Hispanic or Latino ethnicity

Column name
po_1_ethnicity_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'ethnicity of principal owner 1' contains code 977. Report not applicable by leaving blank if code 977 is not entered.

Specify in text the other Hispanic or Latino ethnicity if code 977 is entered. Otherwise, leave this data field blank.

Examples
  • Guatemalan
Validations
  • Must not exceed 300 characters in length

Field 48: Race of principal owner 1

Column name
po_1_race
Instructions
  • Field type: Multiple response
  • Conditionally required if there is at least one principal owner. Report not applicable by leaving blank if there are no principal owners.

Indicate the race of the applicant's principal owner 1 by entering, as appropriate, from the specified codes. Use the codes below to report the selections that the applicant made (such as on the demographic data collection form), except where otherwise noted in 'Instructions'. If the applicant selects more than one race for a principal owner, enter each, in any order, separated by a semicolon. If the applicant selects a race for a principal owner or responds in a free-form text field but also responds that they do not wish to provide this information, enter the race codes (1, 2, 21, 22, 23, 24, 25, 26, 27, 3, 31, 32, 33, 34, 35, 36, 37, 4, 41, 42, 43, 44, 5, 971, 972, 973, and/or 974) as appropriate. Do not report code 966 if any other codes apply.

Examples
  • If Haitian and White, enter 33;5 or 5;33
  • If Asian and the applicant responded that they did not wish to provide this information, enter 2.
  • If responded Thai in the free form-text field for other Asian race but the applicant did not select Other Asian race, enter 972. May also enter 27.
Valid values Codes Instructions
1 Code 1 - American Indian or Alaska Native
2 Code 2 - Asian
21 Code 21 - Asian Indian
22 Code 22 - Chinese
23 Code 23 - Filipino
24 Code 24 - Japanese
25 Code 25 - Korean
26 Code 26 - Vietnamese
27 Code 27 - Other Asian Race
3 Code 3 - Black or African American
31 Code 31 - African American
32 Code 32 - Ethiopian
33 Code 33 - Haitian
34 Code 34 - Jamaican
35 Code 35 - Nigerian
36 Code 36 - Somali
37 Code 37 - Other Black or African American Race
4 Code 4 - Native Hawaiian or Other Pacific Islander
41 Code 41 - Native Hawaiian
42 Code 42 - Guamanian or Chamorro
43 Code 43 - Samoan
44 Code 44 - Other Pacific Islander Race
5 Code 5 - White
966 Code 966 - The applicant responded that they did not wish to provide this information Do not enter code 966 if the applicant selected any of the race response options.
971 Code 971 - The applicant responded in the free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe When this code is entered, also specify the applicant's response in the associated free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe.
972 Code 972 - The applicant responded in the free-form text field for Other Asian race When this code is entered, also specify the applicant's response in the associated free-form text field for other Asian race.
973 Code 973 - The applicant responded in the free-form text field for Other Black or African race When this code is entered, also specify the applicant's response in the associated free-form text field for other Black or African race.
974 Code 974 - The applicant responded in the free-form text field for Other Pacific Islander race When this code is entered, also specify the applicant's response in the associated free-form text field for other Pacific Islander race.
988 Code 988 - Not provided by applicant Enter code 988 if the applicant does not select any response options and does not respond in the free-form text field.
Validations
  • When present, each value (separated by semicolons) must equal 1, 2, 21, 22, 23, 24, 25, 26, 27, 3, 31, 32, 33, 34, 35, 36, 37, 4, 41, 42, 43, 44, 5, 966, 971, 972, 973, 974, or 988
  • Should not contain duplicated values
  • When code 966 or 988 is reported, should not contain any other values

Field 49: Race of principal owner 1: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe

Column name
po_1_race_anai_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 1' contains code 971. Report not applicable by leaving blank if code 971 is not entered

Specify in text the principal owner 1's American Indian or Alaska Native Enrolled or Principal Tribe if provided by the applicant. Otherwise, leave this data field blank.

Examples
  • Navajo
Validations
  • Must not exceed 300 characters in length

Field 50: Race of principal owner 1: free-form text field for other Asian race

Column name
po_1_race_asian_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 1' contains code 972. Report not applicable by leaving blank if code 972 is not entered

Specify in text the principal owner 1's other Asian race(s) if provided by the applicant. Otherwise, leave this data field blank.

Examples
  • Cambodian
Validations
  • Must not exceed 300 characters in length

Field 51: Race of principal owner 1: free-form text field for other Black or African American race

Column name
po_1_race_baa_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 1' contains code 973. Report not applicable by leaving blank if code 973 is not entered

Specify in text the principal owner 1's other Black or African American race(s) if provided by the applicant. Otherwise, leave this data field blank.

Examples
  • Malawian
Validations
  • Must not exceed 300 characters in length

Field 52: Race of principal owner 1: free-form text field for other Pacific Islander race

Column name
po_1_race_pi_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 1' contains code 974. Report not applicable by leaving blank if code 974 is not entered

Specify in text the principal owner 1's other Pacific Islander race(s) if provided by the applicant. Otherwise, leave this data field blank.

Examples
  • Marshallese
Validations
  • Must not exceed 300 characters in length

Field 53: Sex/gender of principal owner 1: NP flag

Column name
po_1_gender_flag
Instructions
  • Field type: Single response
  • Conditionally required if there is at least one principal owner. Report not applicable by leaving blank if there are no principal owners.

Indicate whether the sex/gender of the applicant's principal owner 1 is provided (such as on the demographic data collection form) by entering one of the specified codes. If the applicant responds in the free-form text field but also responds that they do not wish to provide this information, enter the sex/gender code 1, not code 966.

Examples
  • If the applicant responded in free-form text field and also responded that they did not wish to provide this information, enter 1.
Valid values Codes Instructions
1 Code 1 - The applicant responded in the free-form text field When this code is entered, also specify the applicant's response in the associated free-form text field for self-identified sex/gender.
966 Code 966 - The applicant responded that they did not wish to provide this information Do not enter code 966 if the applicant responds in the free-form text field.
988 Code 988 - Not provided by applicant Enter code 988 if the applicant does not select any response options and does not respond in the free-form text field.
Validations
  • When present, must equal 1, 966, or 988

Field 54: Sex/gender of principal owner 1: free-form text field for self-identified sex/gender

Column name
po_1_gender_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'sex/gender of principal owner 1' is code 1. Report not applicable by leaving blank if code 1 is not entered.

Specify in text the principal owner 1's self-identified sex/gender if provided by the applicant. Otherwise, leave this data field blank.

Validations
  • Must not exceed 300 characters in length

3.21 Demographic information of principal owner 2

Rule section: 12 CFR 1002.107(a)(19)

Field 55: Ethnicity of principal owner 2

Column name
po_2_ethnicity
Instructions
  • Field type: Multiple response
  • Conditionally required if there are at least two principal owners. Report not applicable by leaving blank if there are fewer than two principal owners.

For details, see ethnicity of principal owner 1 (Field 46)

Field 56: Ethnicity of principal owner 2: free-form text field for other Hispanic or Latino ethnicity

Column name
po_2_ethnicity_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'ethnicity of principal owner 2' contains code 977. Leave blank if code 977 is not entered.

For details, see ethnicity of principal owner 1: free-form text field for other Hispanic or Latino ethnicity (Field 47)

Field 57: Race of principal owner 2

Column name
po_2_race
Instructions
  • Field type: Multiple response
  • Conditionally required if there are at least two principal owners. Report not applicable by leaving blank if there are fewer than two principal owners.

For details, see race of principal owner 1 (Field 48)

Field 58: Race of principal owner 2: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe

Column name
po_2_race_anai_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 2' contains code 971. Leave blank if code 971 is not entered.

For details, see race of principal owner 1: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe (Field 49)

Field 59: Race of principal owner 2: free-form text field for other Asian race

Column name
po_2_race_asian_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 2' contains code 972. Leave blank if code 972 is not entered.

For details, see race of principal owner 1: free-form text field for other Asian race (Field 50)

Field 60: Race of principal owner 2: free-form text field for other Black or African American race

Column name
po_2_race_baa_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 2' contains code 973. Leave blank if code 973 is not entered.

For details, see race of principal owner 1: free-form text field for other Black or African American race (Field 51)

Field 61: Race of principal owner 2: free-form text field for other Pacific Islander race

Column name
po_2_race_pi_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 2' contains code 974. Leave blank if code 974 is not entered.

For details, see race of principal owner 1: free-form text field for other Pacific Islander race (Field 52)

Field 62: Sex/gender of principal owner 2: NP flag

Column name
po_2_gender_flag
Instructions
  • Field type: Single response
  • Conditionally required if there are at least two principal owners. Report not applicable by leaving blank if there are fewer than two principal owners.

For details, see sex/gender of principal owner 1: NP flag (Field 53)

Field 63: Sex/gender of principal owner 2: free-form text field for self-identified sex/gender

Column name
po_2_gender_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'sex/gender of principal owner 2' is code 1. Leave blank if code 1 is not entered.

For details, see sex/gender of principal owner 1: free-form text field for self-identified sex/gender (Field 54)

3.22 Demographic information of principal owner 3

Rule section: 12 CFR 1002.107(a)(19)

Field 64: Ethnicity of principal owner 3

Column name
po_3_ethnicity
Instructions
  • Field type: Multiple response
  • Conditionally required if there are at least three principal owners. Report not applicable by leaving blank if there are fewer than three principal owners.

For details, see ethnicity of principal owner 1 (Field 46)

Field 65: Ethnicity of principal owner 3: free-form text field for other Hispanic or Latino ethnicity

Column name
po_3_ethnicity_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'ethnicity of principal owner 3' contains code 977. Leave blank if code 977 is not entered.

For details, see ethnicity of principal owner 1: free-form text field for other Hispanic or Latino ethnicity (Field 47)

Field 66: Race of principal owner 3

Column name
po_3_race
Instructions
  • Field type: Multiple response
  • Conditionally required if there are at least three principal owners. Report not applicable by leaving blank if there are fewer than three principal owners.

For details, see race of principal owner 1 (Field 48)

Field 67: Race of principal owner 3: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe

Column name
po_3_race_anai_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 3' contains code 971. Leave blank if code 971 is not entered.

For details, see race of principal owner 1: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe (Field 49)

Field 68: Race of principal owner 3: free-form text field for other Asian race

Column name
po_3_race_asian_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 3' contains code 972. Leave blank if code 972 is not entered.

For details, see race of principal owner 1: free-form text field for other Asian race (Field 50)

Field 69: Race of principal owner 3: free-form text field for other Black or African American race

Column name
po_3_race_baa_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 3' contains code 973. Leave blank if code 973 is not entered.

For details, see race of principal owner 1: free-form text field for other Black or African American race (Field 51)

Field 70: Race of principal owner 3: free-form text field for other Pacific Islander race

Column name
po_3_race_pi_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 3' contains code 974. Leave blank if code 974 is not entered.

For details, see race of principal owner 1: free-form text field for other Pacific Islander race (Field 52)

Field 71: Sex/gender of principal owner 3: NP flag

Column name
po_3_gender_flag
Instructions
  • Field type: Single response
  • Conditionally required if there are at least three principal owners. Report not applicable by leaving blank if there are fewer than three principal owners.

For details, see sex/gender of principal owner 1: NP flag (Field 53)

Field 72: Sex/gender of principal owner 3: free-form text field for self-identified sex/gender

Column name
po_3_gender_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'sex/gender of principal owner 3' is code 1. Leave blank if code 1 is not entered.

For details, see sex/gender of principal owner 1: free-form text field for self-identified sex/gender (Field 54)

3.23 Demographic information of principal owner 4

Rule section: 12 CFR 1002.107(a)(19)

Field 73: Ethnicity of principal owner 4

Column name
po_4_ethnicity
Instructions
  • Field type: Multiple response
  • Conditionally required if there are four principal owners. Report not applicable by leaving blank if there are fewer than four principal owners.

For details, see ethnicity of principal owner 1 (Field 46)

Field 74: Ethnicity of principal owner 4: free-form text field for other Hispanic or Latino ethnicity

Column name
po_4_ethnicity_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'ethnicity of principal owner 4' contains code 977. Leave blank if code 977 is not entered.

For details, see ethnicity of principal owner 1: free-form text field for other Hispanic or Latino ethnicity (Field 47)

Field 75: Race of principal owner 4

Column name
po_4_race
Instructions
  • Field type: Multiple response
  • Conditionally required if there are four principal owners. Report not applicable by leaving blank if there are fewer than four principal owners.

For details, see race of principal owner 1 (Field 48)

Field 76: Race of principal owner 4: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe

Column name
po_4_race_anai_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 4' contains code 971. Leave blank if code 971 is not entered.

For details, see race of principal owner 1: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe (Field 49)

Field 77: Race of principal owner 4: free-form text field for other Asian race

Column name
po_4_race_asian_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 4' contains code 972. Leave blank if code 972 is not entered.

For details, see race of principal owner 1: free-form text field for other Asian race (Field 50)

Field 78: Race of principal owner 4: free-form text field for other Black or African American race

Column name
po_4_race_baa_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 4' contains code 973. Leave blank if code 973 is not entered.

For details, see race of principal owner 1: free-form text field for other Black or African American race (Field 51)

Field 79: Race of principal owner 4: free-form text field for other Pacific Islander race

Column name
po_4_race_pi_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'race of principal owner 4' contains code 974. Leave blank if code 974 is not entered.

For details, see race of principal owner 1: free-form text field for other Pacific Islander race (Field 52)

Field 80: Sex/gender of principal owner 4: NP flag

Column name
po_4_gender_flag
Instructions
  • Field type: Single response
  • Conditionally required if there are four principal owners. Report not applicable by leaving blank if there are fewer than four principal owners.

For details, see sex/gender of principal owner 1: NP flag (Field 53)

Field 81: Sex/gender of principal owner 4: free-form text field for self-identified sex/gender

Column name
po_4_gender_ff
Instructions
  • Field type: Text (width up to 300 characters)
  • Conditionally required if 'sex/gender of principal owner 4' is code 1. Leave blank if code 1 is not entered.

For details, see sex/gender of principal owner 1: free-form text field for self-identified sex/gender (Field 54)

4. Data validation

Data validations are a series of checks that run on a small business lending application register to ensure that the data entries are correct and ready to submit, meaning the data are both internally consistent and consistent with the syntax and logic specified by this guide. When data are uploaded to the small business lending data submission platform, before the register can be certified and submitted, the platform will review the submission to determine if the data pass the validations described in this section. What follows is a description of the types of validations that will be performed on a register prior to its certification and acceptance.

First, validations vary by type:

  • An error validation checks that each data field contains valid data and that each value submitted matches the expected type. Each record must pass all of these validations in order for the register to be certified and submitted.
  • A warning validation checks for values that could indicate a mistake in the register. These are quality checks to assist filers in checking that their register has been compiled correctly and alerting them to possible problems. The filer may confirm the accuracy of all values flagged by warning validations as part of the filing process in order to certify and submit their data.

Validations also vary by scope:

  • Each single-field validation pertains to only one specific field in each record. These validations check that the data held in an individual field match the values that are expected. A single-field validation may be an error validation or a warning validation.
  • Multi-field validations check that the values of certain fields make sense in combination with other values in the same record. These validations have a list of “affected data fields,” which are the individual fields within the record whose values will be compared to identify whether the record passes the validation checks. For example, many multi-field validations check for the presence of conditionally required data, meaning that such checks ensure that fields that should be blank are blank, and fields that should be populated are populated. A multi-field validation may be an error validation or a warning validation.
  • There is also one register-level validation. This validation checks that the register does not contain duplicate IDs.

Most validations related to principal owners are the same for each set of principal owner fields. In the validation descriptions and pseudocode, the "X" in "Principal owner X" is a placeholder for the relevant specific principal owner number (1-4).

Below is a comprehensive list of validations that will be applied to each register before submission. For multi-field validations, we provide a pseudocode interpretation of each validation. This pseudocode is an illustration of the logic of the validation, exclusively for the purpose of ensuring that the validation logic is clear and unambiguous. It is not code which can be compiled and run. For a tabular view of the validation specification in CSV file format, see the following link:

Validation spec (CSV)

4.1. Single-field errors

Validation ID: E0001

Validation name
  • uid.invalid_text_length
Affected data field
  • uid
Description
  • 'Unique identifier' must be at least 21 characters in length and at most 45 characters in length.

Validation ID: E0002

Validation name
  • uid.invalid_text_pattern
Affected data field
  • uid
Description
  • 'Unique identifier' may contain any combination of numbers and/or uppercase letters (i.e., 0-9 and A-Z), and must not contain any other characters.

Validation ID: E0020

Validation name
  • app_date.invalid_date_format
Affected data field
  • app_date
Description
  • 'Application date' must be a real calendar date using YYYYMMDD format.

Validation ID: E0040

Validation name
  • app_method.invalid_enum_value
Affected data field
  • app_method
Description
  • 'Application method' must equal 1, 2, 3, or 4.

Validation ID: E0060

Validation name
  • app_recipient.invalid_enum_value
Affected data field
  • app_recipient
Description
  • 'Application recipient' must equal 1 or 2.

Validation ID: E0080

Validation name
  • ct_credit_product.invalid_enum_value
Affected data field
  • ct_credit_product
Description
  • 'Credit product' must equal 1, 2, 3, 4, 5, 6, 7, 8, 977, or 988.

Validation ID: E0100

Validation name
  • ct_credit_product_ff.invalid_text_length
Affected data field
  • ct_credit_product_ff
Description
  • 'Free-form text field for other credit products' must not exceed 300 characters in length.

Validation ID: E0120

Validation name
  • ct_guarantee.invalid_enum_value
Affected data field
  • ct_guarantee
Description
  • Each value in 'type of guarantee' (separated by semicolons) must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 977, or 999.

Validation ID: E0121

Validation name
  • ct_guarantee.invalid_number_of_values
Affected data field
  • ct_guarantee
Description
  • 'Type of guarantee' must contain at least one and at most five values, separated by semicolons.

Validation ID: E0140

Validation name
  • ct_guarantee_ff.invalid_text_length
Affected data field
  • ct_guarantee_ff
Description
  • 'Free-form text field for other guarantee' must not exceed 300 characters in length.

Validation ID: E0160

Validation name
  • ct_loan_term_flag.invalid_enum_value
Affected data field
  • ct_loan_term_flag
Description
  • 'Loan term: NA/NP flag' must equal 900, 988, or 999.

Validation ID: E0180

Validation name
  • ct_loan_term.invalid_numeric_format
Affected data field
  • ct_loan_term
Description
  • When present, 'loan term' must be a whole number.

Validation ID: E0181

Validation name
  • ct_loan_term.invalid_numeric_value
Affected data field
  • ct_loan_term
Description
  • When present, 'loan term' must be greater than or equal to 1.

Validation ID: E0200

Validation name
  • credit_purpose.invalid_enum_value
Affected data field
  • credit_purpose
Description
  • Each value in 'credit purpose' (separated by semicolons) must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 977, 988, or 999.

Validation ID: E0201

Validation name
  • credit_purpose.invalid_number_of_values
Affected data field
  • credit_purpose
Description
  • 'Credit purpose' must contain at least one and at most three values, separated by semicolons.

Validation ID: E0220

Validation name
  • credit_purpose_ff.invalid_text_length
Affected data field
  • credit_purpose_ff
Description
  • 'Free-form text field for other credit purpose' must not exceed 300 characters in length.

Validation ID: E0240

Validation name
  • amount_applied_for_flag.invalid_enum_value
Affected data field
  • amount_applied_for_flag
Description
  • 'Amount applied For: NA/NP flag' must equal 900, 988, or 999.

Validation ID: E0260

Validation name
  • amount_applied_for.invalid_numeric_format
Affected data field
  • amount_applied_for
Description
  • When present, 'amount applied for' must be a numeric value.

Validation ID: E0261

Validation name
  • amount_applied_for.invalid_numeric_value
Affected data field
  • amount_applied_for
Description
  • When present, 'amount applied for' must be greater than 0.

Validation ID: E0280

Validation name
  • amount_approved.invalid_numeric_format
Affected data field
  • amount_approved
Description
  • When present, 'amount approved or originated' must be a numeric value.

Validation ID: E0281

Validation name
  • amount_approved.invalid_numeric_value
Affected data field
  • amount_approved
Description
  • When present, 'amount approved or originated' must be greater than 0.

Validation ID: E0300

Validation name
  • action_taken.invalid_enum_value
Affected data field
  • action_taken
Description
  • 'Action taken' must equal 1, 2, 3, 4, or 5.

Validation ID: E0320

Validation name
  • action_taken_date.invalid_date_format
Affected data field
  • action_taken_date
Description
  • 'Action taken date' must be a real calendar date using YYYYMMDD format.

Validation ID: E0321

Validation name
  • action_taken_date.invalid_date_value
Affected data field
  • action_taken_date
Description
  • The date indicated by 'action taken date' must occur within the current reporting period: October 1, 2024 to December 31, 2024.

Validation ID: E0340

Validation name
  • denial_reasons.invalid_enum_value
Affected data field
  • denial_reasons
Description
  • Each value in 'denial reason(s)' (separated by semicolons) must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, 977, or 999.

Validation ID: E0341

Validation name
  • denial_reasons.invalid_number_of_values
Affected data field
  • denial_reasons
Description
  • 'Denial reason(s)' must contain at least one and at most four values, separated by semicolons.

Validation ID: E0360

Validation name
  • denial_reasons_ff.invalid_text_length
Affected data field
  • denial_reasons_ff
Description
  • 'Free-form text field for other denial reason(s)' must not exceed 300 characters in length.

Validation ID: E0380

Validation name
  • pricing_interest_rate_type.invalid_enum_value
Affected data field
  • pricing_interest_rate_type
Description
  • 'Interest rate type' must equal 1, 2, 3, 4, 5, 6, or 999.

Validation ID: E0400

Validation name
  • pricing_init_rate_period.invalid_numeric_format
Affected data field
  • pricing_init_rate_period
Description
  • When present, 'adjustable rate transaction: initial rate period' must be a whole number.

Validation ID: E0401

Validation name
  • pricing_init_rate_period.invalid_numeric_value
Affected data field
  • pricing_init_rate_period
Description
  • When present, 'adjustable rate transaction: initial rate period' must be greater than 0.

Validation ID: E0420

Validation name
  • pricing_fixed_rate.invalid_numeric_format
Affected data field
  • pricing_fixed_rate
Description
  • When present, 'fixed rate: interest rate' must be a numeric value.

Validation ID: E0440

Validation name
  • pricing_adj_margin.invalid_numeric_format
Affected data field
  • pricing_adj_margin
Description
  • When present, 'adjustable rate transaction: margin' must be a numeric value.

Validation ID: E0460

Validation name
  • pricing_adj_index_name.invalid_enum_value
Affected data field
  • pricing_adj_index_name
Description
  • 'Adjustable rate transaction: index name' must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 977, or 999.

Validation ID: E0480

Validation name
  • pricing_adj_index_name_ff.invalid_text_length
Affected data field
  • pricing_adj_index_name_ff
Description
  • 'Adjustable rate transaction: index name: other' must not exceed 300 characters in length.

Validation ID: E0500

Validation name
  • pricing_adj_index_value.invalid_numeric_format
Affected data field
  • pricing_adj_index_value
Description
  • When present, 'adjustable rate transaction: index value' must be a numeric value.

Validation ID: E0520

Validation name
  • pricing_origination_charges.invalid_numeric_format
Affected data field
  • pricing_origination_charges
Description
  • When present, 'total origination charges' must be a numeric value.

Validation ID: E0540

Validation name
  • pricing_broker_fees.invalid_numeric_format
Affected data field
  • pricing_broker_fees
Description
  • When present, 'amount of total broker fees' must be a numeric value.

Validation ID: E0560

Validation name
  • pricing_initial_charges.invalid_numeric_format
Affected data field
  • pricing_initial_charges
Description
  • When present, 'initial annual charges' must be a numeric value.

Validation ID: E0580

Validation name
  • pricing_mca_addcost_flag.invalid_enum_value
Affected data field
  • pricing_mca_addcost_flag
Description
  • 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing: NA flag' must equal 900 or 999.

Validation ID: E0600

Validation name
  • pricing_mca_addcost.invalid_numeric_format
Affected data field
  • pricing_mca_addcost
Description
  • When present, 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing' must be a numeric value.

Validation ID: E0620

Validation name
  • pricing_prepenalty_allowed.invalid_enum_value
Affected data field
  • pricing_prepenalty_allowed
Description
  • 'Prepayment penalty could be imposed' must equal 1, 2, or 999.

Validation ID: E0640

Validation name
  • pricing_prepenalty_exists.invalid_enum_value
Affected data field
  • pricing_prepenalty_exists
Description
  • 'Prepayment penalty exists' must equal 1, 2, or 999.

Validation ID: E0660

Validation name
  • census_tract_adr_type.invalid_enum_value
Affected data field
  • census_tract_adr_type
Description
  • 'Census tract: type of address' must equal 1, 2, 3, or 988.

Validation ID: E0680

Validation name
  • census_tract_number.invalid_text_length
Affected data field
  • census_tract_number
Description
  • When present, 'census tract: tract number' must be a GEOID with exactly 11 digits.

Validation ID: E0700

Validation name
  • gross_annual_revenue_flag.invalid_enum_value
Affected data field
  • gross_annual_revenue_flag
Description
  • 'Gross annual revenue: NP flag' must equal 900 or 988.

Validation ID: E0720

Validation name
  • gross_annual_revenue.invalid_numeric_format
Affected data field
  • gross_annual_revenue
Description
  • When present, 'gross annual revenue' must be a numeric value.

Validation ID: E0740

Validation name
  • naics_code_flag.invalid_enum_value
Affected data field
  • naics_code_flag
Description
  • 'North American Industry Classification System (NAICS) code: NP flag' must equal 900 or 988.

Validation ID: E0760

Validation name
  • naics_code.invalid_text_length
Affected data field
  • naics_code
Description
  • When present, 'North American Industry Classification System (NAICS) code' must be three digits in length.

Validation ID: E0761

Validation name
  • naics_code.invalid_naics_format
Affected data field
  • naics_code
Description
  • 'North American Industry Classification System (NAICS) code' may only contain numeric characters.

Validation ID: E0780

Validation name
  • number_of_workers.invalid_enum_value
Affected data field
  • number_of_workers
Description
  • 'Number of workers' must equal 1, 2, 3, 4, 5, 6, 7, 8, 9, or 988.

Validation ID: E0800

Validation name
  • time_in_business_type.invalid_enum_value
Affected data field
  • time_in_business_type
Description
  • 'Time in business: type of response' must equal 1, 2, 3, or 988.

Validation ID: E0820

Validation name
  • time_in_business.invalid_numeric_format
Affected data field
  • time_in_business
Description
  • When present, 'time in business' must be a whole number.

Validation ID: E0821

Validation name
  • time_in_business.invalid_numeric_value
Affected data field
  • time_in_business
Description
  • When present, 'time in business' must be greater than or equal to 0.

Validation ID: E0840

Validation name
  • business_ownership_status.invalid_enum_value
Affected data field
  • business_ownership_status
Description
  • Each value in 'business ownership status' (separated by semicolons) must equal 1, 2, 3, 955, 966, or 988.

Validation ID: E0841

Validation name
  • business_ownership_status.invalid_number_of_values
Affected data field
  • business_ownership_status
Description
  • 'Business ownership status' must contain at least one value.

Validation ID: E0860

Validation name
  • num_principal_owners_flag.invalid_enum_value
Affected data field
  • num_principal_owners_flag
Description
  • 'Number of principal owners: NP flag' must equal 900 or 988.

Validation ID: E0880

Validation name
  • num_principal_owners.invalid_enum_value
Affected data field
  • num_principal_owners
Description
  • When present, 'number of principal owners' must equal 0, 1, 2, 3, or 4.

Validation ID: E0900

Validation name
  • po_X_ethnicity.invalid_enum_value
Affected data field
  • po_X_ethnicity
Description
  • When present, each value in 'ethnicity of principal owner X' (separated by semicolons) must equal 1, 11, 12, 13, 14, 2, 966, 977, or 988.

Validation ID: E0920

Validation name
  • po_X_ethnicity_ff.invalid_text_length
Affected data field
  • po_X_ethnicity_ff
Description
  • 'Ethnicity of principal owner X: free-form text field for other Hispanic or Latino' must not exceed 300 characters in length.

Validation ID: E0940

Validation name
  • po_X_race.invalid_enum_value
Affected data field
  • po_X_race
Description
  • When present, each value in 'race of principal owner X' (separated by semicolons) must equal 1, 2, 21, 22, 23, 24, 25, 26, 27, 3, 31, 32, 33, 34, 35, 36, 37, 4, 41, 42, 43, 44, 5, 966, 971, 972, 973, 974, or 988.

Validation ID: E0960

Validation name
  • po_X_race_anai_ff.invalid_text_length
Affected data field
  • po_X_race_anai_ff
Description
  • 'Race of principal owner X: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe' must not exceed 300 characters in length.

Validation ID: E0980

Validation name
  • po_X_race_asian_ff.invalid_text_length
Affected data field
  • po_X_race_asian_ff
Description
  • 'Race of principal owner X: free-form text field for other Asian' must not exceed 300 characters in length.

Validation ID: E1000

Validation name
  • po_X_race_baa_ff.invalid_text_length
Affected data field
  • po_X_race_baa_ff
Description
  • 'Race of principal owner X: free-form text field for other Black or African American' must not exceed 300 characters in length.

Validation ID: E1020

Validation name
  • po_X_race_pi_ff.invalid_text_length
Affected data field
  • po_X_race_pi_ff
Description
  • 'Race of principal owner X: free-form text field for other Pacific Islander race' must not exceed 300 characters in length.

Validation ID: E1040

Validation name
  • po_X_gender_flag.invalid_enum_value
Affected data field
  • po_X_gender_flag
Description
  • When present, 'sex/gender of principal owner X: NP flag' must equal 1, 966, or 988.

Validation ID: E1060

Validation name
  • po_X_gender_ff.invalid_text_length
Affected data field
  • po_X_gender_ff
Description
  • 'Sex/gender of principal owner X: free-form text field for self-identified sex/gender' must not exceed 300 characters in length.

4.2. Multi-field errors

Validation ID: E2000

Validation name
  • ct_credit_product_ff.conditional_field_conflict
Affected data fields
  • ct_credit_product
  • ct_credit_product_ff
Description
  • When 'credit product' does not equal 977 (other), 'free-form text field for other credit products' must be blank.
  • When 'credit product' equals 977, 'free-form text field for other credit products' must not be blank.
IF ct_credit_product is not equal to 977 THEN 
    IF ct_credit_ff is not blank THEN 
        Error 
    ENDIF 
ELSEIF ct_credit_product is equal to 977 THEN 
    IF ct_credit_ff is blank THEN 
        Error 
    ENDIF 
ENDIF

Validation ID: E2001

Validation name
  • ct_guarantee_ff.conditional_field_conflict
Affected data fields
  • ct_guarantee
  • ct_guarantee_ff
Description
  • When 'type of guarantee' does not contain 977 (other), 'free-form text field for other guarantee' must be blank.
  • When 'type of guarantee' contains 977, 'free-form text field for other guarantee' must not be blank.
IF ct_guarantee does not contain 977 THEN 
    IF ct_guarantee_ff is not blank THEN 
        Error 
    ENDIF 
ELSEIF ct_guarantee contains 977 THEN 
    IF ct_guarantee_ff is blank THEN 
        Error 
    ENDIF 
ENDIF

Validation ID: E2003

Validation name
  • ct_loan_term_flag.enum_value_conflict
Affected data fields
  • ct_credit_product
  • ct_loan_term_flag
Description
  • When 'credit product' equals 1 (term loan - unsecured) or 2 (term loan - secured), 'loan term: NA/NP flag' must not equal 999 (not applicable).
  • When 'credit product' equals 988 (not provided by applicant and otherwise undetermined), 'loan term: NA/NP flag' must equal 999.
IF ct_credit_product is equal to 1 OR 2 THEN 
    IF ct_loan_term_flag is equal to 999 THEN 
        Error 
    ENDIF 
ELSEIF ct_credit_product is equal to 988 THEN 
    IF ct_loan_term_flag is not equal to 999 THEN 
        Error 
    ENDIF 
ENDIF

Validation ID: E2004

Validation name
  • ct_loan_term.conditional_field_conflict
Affected data fields
  • ct_loan_term_flag
  • ct_loan_term
Description
  • When 'loan term: NA/NP flag' does not equal 900 (applicable and reported), 'loan term' must be blank.
  • When 'loan term: NA/NP flag' equals 900, 'loan term' must not be blank.
IF ct_loan_term_flag is not equal to 900 THEN
    IF ct_loan_term is not blank THEN
        Error
    ENDIF
ELSEIF  ct_loan_term_flag is equal to 900 THEN
    IF ct_loan_term is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2005

Validation name
  • credit_purpose_ff.conditional_field_conflict
Affected data fields
  • credit_purpose
  • credit_purpose_ff
Description
  • When 'credit purpose' does not contain 977 (other), 'free-form text field for other credit purpose' must be blank.
  • When 'credit purpose' contains 977, 'free-form text field for other credit purpose' must not be blank.
IF credit_purpose does not contain 977 THEN
    IF credit_purpose_ff is not blank THEN
        Error
    ENDIF
ELSEIF credit_purpose contains 977 THEN
    IF credit_purpose_ff is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2007

Validation name
  • amount_applied_for.conditional_field_conflict
Affected data fields
  • amount_applied_for_flag
  • amount_applied_for
Description
  • When 'amount applied for: NA/NP flag' does not equal 900 (applicable and reported), 'amount applied for' must be blank.
  • When 'amount applied for: NA/NP flag' equals 900, 'amount applied for' must not be blank.
IF amount_applied_for_flag is not equal to 900 THEN
    IF amount_applied_for is not blank THEN
        Error
    ENDIF
ELSEIF amount_applied_for_flag is equal to 900 THEN
    IF amount_applied_for is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2008

Validation name
  • amount_approved.conditional_field_conflict
Affected data fields
  • action_taken
  • amount_approved
Description
  • When 'action taken' does not equal 1 (originated) or 2 (approved but not accepted), 'amount approved or originated' must be blank.
  • When 'action taken' equals 1 or 2, 'amount approved or originated' must not be blank.
IF action_taken is not equal to 1 OR 2 THEN
    IF amount_approved is not blank THEN
        Error
    ENDIF
ELSEIF action_taken is equal to 1 OR 2 THEN
    IF amount_approved is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2009

Validation name
  • action_taken_date.date_value_conflict
Affected data fields
  • action_taken_date
  • app_date
Description
  • The date indicated by 'action taken date' must occur on or after 'application date'.
IF action_taken_date is less than app_date THEN
    Error
ENDIF

Validation ID: E2011

Validation name
  • denial_reasons.enum_value_conflict
Affected data fields
  • action_taken
  • denial_reasons
Description
  • When 'action taken' equals 3 (denied), 'denial reason(s)' must not contain 999 (not applicable).
  • When 'action taken' does not equal 3, 'denial reason(s)' must equal 999.
If action_taken is equal to 3 THEN
    IF denial_reasons contains 999 THEN
        Error
    ENDIF
ELSEIF action_taken is not equal to 3 THEN
    IF denial_reasons is not equal to 999 THEN
        Error
    ENDIF
ENDIF

Validation ID: E2012

Validation name
  • denial_reasons_ff.conditional_field_conflict
Affected data fields
  • denial_reasons
  • denial_reasons_ff
Description
  • When 'denial reason(s)' does not contain 977 (other), field 'free-form text field for other denial reason(s)' must be blank.
  • When 'denial reason(s)' contains 977, 'free-form text field for other denial reason(s)' must not be blank.
IF denial_reasons does not contain 977 THEN
    IF denial_reasons_ff is not blank THEN
        Error
    ENDIF
ELSEIF denial_reasons contains 977 THEN
    IF denial_reasons_ff is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2014

Validation name
  • pricing_all.conditional_fieldset_conflict
Affected data fields
  • action_taken
  • pricing_interest_rate_type
  • pricing_mca_addcost_flag
  • pricing_prepenalty_allowed
  • pricing_prepenalty_exists
  • pricing_origination_charge
  • pricing_broker_fees
  • pricing_initial_charges
Description

When 'action taken' equals 3 (denied), 4 (withdrawn by applicant), or 5 (incomplete), the following fields must all equal 999 (not applicable):

  • 'Interest rate type'
  • 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing: NA flag'
  • 'Prepayment penalty could be imposed'
  • 'Prepayment penalty exists'

And the following fields must all be blank:

  • 'Total origination charges'
  • 'Amount of total broker fees'
  • 'Initial annual charges'
IF action_taken is equal to 3, 4, or 5 THEN
    IF (pricing_interest_rate_type is not equal to 999 OR
        pricing_mca_addcost_flag is not equal to 999 OR
        pricing_prepenalty_allowed is not equal to 999 OR
        pricing_prepenalty_exists is not equal to 999 OR
        pricing_origination_charges is not blank OR
        pricing_broker_fees is not blank OR
        pricing_initial_charges is not blank) THEN
            Error
    ENDIF
ENDIF

Validation ID: E2015

Validation name
  • pricing_charges.conditional_fieldset_conflict
Affected data fields
  • action_taken
  • pricing_origination_charges
  • pricing_broker_fees
  • pricing_initial_charges
  • pricing_prepenalty_allowed
  • pricing_prepenalty_exists
Description

When 'action taken' equals 1 (originated) or 2 (approved but not accepted), the following fields all must not be blank:

  • 'Total origination charges'
  • 'Amount of total broker fees'
  • 'Initial annual charges'

And the following fields must not equal 999 (not applicable):

  • 'Prepayment penalty could be imposed'
  • 'Prepayment penalty exists'
IF action_taken is equal to 1 or 2 THEN
    IF (pricing_origination_charges is blank OR
        pricing_broker_fees is blank OR
        pricing_initial_charges is blank OR
        pricing_prepenalty_allowed is equal to 999 OR
        pricing_prepenalty_exists is equal to 999) THEN
            Error
    ENDIF
ENDIF

Validation ID: E2016

Validation name
  • pricing_init_rate_period.conditional_field_conflict
Affected data fields
  • pricing_interest_rate_type
  • pricing_init_rate_period
Description
  • When 'interest rate type' does not equal 3 (initial rate period > 12 months, adjustable interest), 4 (initial rate period > 12 months, fixed interest), 5 (initial rate period <= 12 months, adjustable interest), or 6 (initial rate period <= 12 months, fixed interest), 'initial rate period' must be blank.
  • When 'interest rate type' equals 3, 4, 5, or 6, 'initial rate period' must not be blank
IF pricing_interest_rate_type is not equal to 3, 4, 5, or 6 THEN
    IF pricing_init_rate_period is not blank THEN
        Error
    ENDIF
ELSEIF pricing_interest_rate_type is equal to 3, 4, 5, or 6 THEN
    IF pricing_init_rate_period is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2017

Validation name
  • pricing_fixed_rate.conditional_field_conflict
Affected data fields
  • pricing_interest_rate_type
  • pricing_fixed_rate
Description
  • When 'interest rate type' does not equal 2 (fixed interest rate, no initial rate period), 4 (initial rate period > 12 months, fixed interest rate), or 6 (initial rate period <= 12 months, fixed interest rate), 'fixed rate: interest rate' must be blank.
  • When 'interest rate type' equals 2, 4, or 6, 'fixed rate: interest rate' must not be blank.
IF pricing_interest_rate_type is not equal to 2, 4, or 6 THEN
    IF pricing_fixed_rate is not blank THEN
        Error
    ENDIF
ELSEIF pricing_interest_rate_type is equal to 2, 4, or 6 THEN
    IF pricing_fixed_rate is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2018

Validation name
  • pricing_adj_margin.conditional_field_conflict
Affected data fields
  • pricing_interest_rate_type
  • pricing_adj_margin
Description
  • When 'interest rate type' does not equal 1 (adjustable interest rate, no initial rate period), 3 (initial rate period > 12 months, adjustable interest rate), or 5 (initial rate period <= 12 months, adjustable interest rate), 'adjustable rate transaction: margin' must be blank.
  • When 'interest rate type' equals 1, 3, or 5, 'adjustable rate transaction: margin' must not be blank.
IF pricing_interest_rate_type is not equal to 1, 3, or 5 THEN
    IF pricing_adj_margin is not blank THEN
        Error
    ENDIF
ELSEIF pricing_interest_rate_type is equal to 1, 3, or 5 THEN
    IF pricing_adj_margin is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2019

Validation name
  • pricing_adj_index_name.enum_value_conflict
Affected data fields
  • pricing_interest_rate_type
  • pricing_adj_index_name
Description
  • When 'interest rate type' does not equal 1 (adjustable interest rate, no initial rate period), 3 (initial rate period > 12 months, adjustable interest rate), or 5 (initial rate period <= 12 months, adjustable interest rate), 'adjustable rate transaction: index name' must equal 999.
  • When 'interest rate type' equals 1, 3, or 5, 'adjustable rate transaction: index name' must not equal 999.
IF pricing_interest_rate_type is not equal to 1, 3, or 5 THEN
    IF pricing_adj_index_name is not equal to 999 THEN
        Error
    ENDIF
ELSEIF pricing_interest_rate_type is equal to 1, 3, or 5 THEN
    IF pricing_adj_index_name is equal to 999 THEN
        Error
    ENDIF
ENDIF

Validation ID: E2020

Validation name
  • pricing_adj_index_name_ff.conditional_field_conflict
Affected data fields
  • pricing_adj_index_name;
  • pricing_adj_index_name_ff
Description
  • When 'adjustable rate transaction: index name' does not equal 977 (other), 'adjustable rate transaction: index name: other' must be blank
  • When 'adjustable rate transaction: index name' equals 977, 'adjustable rate transaction: index name: other' must not be blank.
IF pricing_adj_index_name is not equal to 977 THEN
    IF pricing_adj_index_name_ff is not blank THEN
        Error
    ENDIF
ELSEIF pricing_adj_index_name is equal to 977 THEN
    IF pricing_adj_index_name_ff is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2021

Validation name
  • pricing_adj_index_value.conditional_field_conflict
Affected data fields
  • pricing_interest_rate_type
  • pricing_adj_index_value
Description
  • When 'interest rate type' does not equal 1 (adjustable interest rate, no initial rate period), or 3 (initial rate period > 12 months, adjustable interest rate), 'adjustable rate transaction: index value' must be blank.
  • When 'interest rate type' equals 1 or 3, 'adjustable rate transaction: index value' must not be blank.
IF pricing_interest_rate_type is not equal to 1 or 3 THEN
    IF pricing_adj_index_value is not blank THEN
        Error
    ENDIF
ELSEIF pricing_interest_rate_type is equal to 1 or 3 THEN
    IF pricing_adj_index_value is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2022

Validation name
  • pricing_mca_addcost_flag.enum_value_conflict
Affected data fields
  • ct_credit_product
  • pricing_mca_addcost_flag
Description
  • When 'credit product' does not equal 7 (merchant cash advance), 8 (other sales-based financing transaction) or 977 (other), 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing: NA flag' must be 999 (not applicable).
IF ct_credit_product is not equal to 7, 8, OR 977 THEN
    IF pricing_mca_addcost_flag is not equal to 999 THEN
        Error
    ENDIF
ENDIF

Validation ID: E2023

Validation name
  • pricing_mca_addcost.conditional_field_conflict
Affected data fields
  • pricing_mca_addcost_flag
  • pricing_mca_addcost
Description
  • When 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing: NA flag' does not equal 900 (applicable), 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing' must be blank.
  • When 'MCA/sales-based: additional cost for merchant cash advances or other sales-based financing: NA flag' equals 900, ‘MCA/sales-based: additional cost for merchant cash advances or other sales-based financing’ must not be blank.
IF pricing_mca_addcost_flag is not equal to 900 THEN
    IF pricing_mca_addcost is not blank THEN
        Error
    ENDIF
ELSEIF IF pricing_mca_addcost_flag is equal to 900 THEN
    IF pricing_mca_addcost is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2024

Validation name
  • census_tract_number.conditional_field_conflict
Affected data fields
  • census_tract_adr_type
  • census_tract_number
Description
  • When 'census tract: type of address' equals 988 (not provided by applicant and otherwise undetermined), ‘census tract: tract number’ must be blank.
  • When 'census tract: type of address' equals 1 (address or location where the loan proceeds will principally be applied), 2 (address or location of borrower’s main office or headquarters), or 3 (another address or location associated with the applicant), 'census tract: tract number' must not be blank.
IF census_tract_adr_type is equal to 988 THEN
    IF census_tract_number is not blank THEN
        Error
    ENDIF
ELSEIF census_tract_adr_type is equal to 1, 2, OR 3 THEN
    IF census_tract_number is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2025

Validation name
  • gross_annual_revenue.conditional_field_conflict
Affected data fields
  • gross_annual_revenue_flag
  • gross_annual_revenue
Description
  • When 'gross annual revenue: NP flag' does not equal 900 (reported), 'gross annual revenue' must be blank.
  • When 'gross annual revenue: NP flag' equals 900, 'gross annual revenue' must not be blank.
IF gross_annual_revenue_flag is not equal to 900 THEN
    IF gross_annual_revenue is not blank THEN
        Error
    ENDIF
ELSEIF gross_annual_revenue_flag is equal to 900 THEN
    IF gross_annual_revenue is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2026

Validation name
  • naics_code.conditional_field_conflict
Affected data fields
  • naics_code_flag
  • naics_code
Description
  • When 'North American Industry Classification System (NAICS) code: NP flag' does not equal 900 (reported), 'North American Industry Classification System (NAICS) code' must be blank.
  • When 'North American Industry Classification System (NAICS) code: NP flag' equals 900, 'North American Industry Classification System (NAICS) code' must not be blank.
IF naics_code_flag is not equal to 900 THEN
    IF naics_code is not blank THEN
        Error
    ENDIF
ELSEIF naics_code_flag is equal to 900 THEN
    IF naics_code is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2027

Validation name
  • time_in_business.conditional_field_conflict
Affected data fields
  • time_in_business_type
  • time_in_business
Description
  • When 'time in business: type of response' does not equal 1 (the number of years an applicant has been in business is collected or obtained by the financial institution), 'time in business' must be blank.
  • When 'time in business: type of response' equals 1, 'time in business' must not be blank.
IF time_in_business_type is not equal to 1 THEN
    IF time_in_business is not blank THEN
        Error
    ENDIF
ELSEIF time_in_business_type is equal to 1 THEN
    IF time_in_business is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2028

Validation name
  • num_principal_owners.conditional_field_conflict
Affected data fields
  • num_principal_owners_flag
  • num_principal_owners
Description
  • When 'number of principal owners: NP flag' does not equal 900 (reported), 'number of principal owners' must be blank.
  • When 'number of principal owners: NP flag' equals 900, 'number of principal owners' must not be blank.
IF num_principal_owners_flag is not equal to 900 THEN
    IF num_principal_owners is not blank THEN
        Error
    ENDIF
ELSEIF num_principal_owners_flag is equal to 900 THEN
    IF num_principal_owners is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2029

Validation name
  • po_X_ethnicity_ff.conditional_field_conflict
Affected data fields
  • po_X_ethnicity
  • po_X_ethnicity_ff
Description
  • When 'ethnicity of principal owner X' does not contain 977 (the applicant responded in the free-form text field), 'ethnicity of principal owner X: free-form text field for other Hispanic or Latino' must be blank.
  • When 'ethnicity of principal owner X' contains 977, 'ethnicity of principal owner X: free-form text field for other Hispanic or Latino' must not be blank.
IF po_X_ethnicity does not contain 977 THEN
    IF po_X_ethnicity_ff is not blank THEN
        Error
    ENDIF
ELSEIF po_X_ethnicity contains 977 THEN
    IF po_X_ethnicity_ff is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2030

Validation name
  • po_X_race_anai_ff.conditional_field_conflict
Affected data fields
  • po_X_race
  • po_X_race_anai_ff
Description
  • When 'race of principal owner X' does not contain 971 (the applicant responded in the free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe), 'race of principal owner X: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe' must be blank.
  • When 'race of principal owner X' contains 971, 'race of principal owner X: free-form text field for American Indian or Alaska Native Enrolled or Principal Tribe' must not be blank.
IF po_X_race does not contain 971 THEN
    IF po_X_race_anai_ff is not blank THEN
        Error
    ENDIF
ELSEIF po_X_race contains 971 THEN
    IF po_X_race_anai_ff is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2031

Validation name
  • po_X_race_asian_ff.conditional_field_conflict
Affected data fields
  • po_X_race
  • po_X_race_asian_ff
Description
  • When 'race of principal owner X' does not contain 972 (the applicant responded in the free-form text field for other Asian race), 'race of principal owner X: free-form text field for other Asian' must be blank.
  • When 'race of principal owner X' contains 972, 'race of principal owner X: free-form text field for other Asian' must not be blank.
IF po_X_race does not contain 972 THEN
    IF po_X_race_asian_ff is not blank THEN
        Error
    ENDIF
ELSEIF po_X_race contains 972 THEN
    IF po_X_race_asian_ff is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2032

Validation name
  • po_X_race_baa_ff.conditional_field_conflict
Affected data fields
  • po_X_race
  • po_X_race_baa_ff
Description
  • When 'race of principal owner X' does not contain 973 (the applicant responded in the free-form text field for other Black or African race), 'race of principal owner X: free-form text field for other Black or African American' must be blank.
  • When 'race of principal owner X' contains 973, 'race of principal owner X: free-form text field for other Black or African American' must not be blank.
IF po_X_race does not contain 973 THEN
    IF po_X_race_baa_ff is not blank THEN
        Error
    ENDIF
ELSEIF po_X_race contains 973 THEN
    IF po_X_race_baa_ff is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2033

Validation name
  • po_X_race_pi_ff.conditional_field_conflict
Affected data fields
  • po_X_race
  • po_X_race_pi_ff
Description
  • When 'race of principal owner X' does not contain 974 (the applicant responded in the free-form text field for other Pacific Islander race), 'race of principal owner X: free-form text field for other Pacific Islander race' must be blank.
  • When 'race of principal owner X' contains 974, 'race of principal owner X: free-form text field for other Pacific Islander race' must not be blank.
IF po_X_race does not contain 974 THEN
    IF po_X_race_pi_ff is not blank THEN
        Error
    ENDIF
ELSEIF po_X_race contains 974 THEN
    IF po_X_race_pi_ff is blank THEN
        Error
    ENDIF
ENDIF

Validation ID: E2034

Validation name
  • po_X_gender_ff.conditional_field_conflict
Affected data fields
  • po_X_gender_flag
  • po_X_gender_ff
Description
  • When 'sex/gender of principal owner X: NP flag' does not equal 1 (the applicant responded in the free-form text field), 'sex/gender of principal owner X: free-form text field for self-identified sex/gender' must be blank.
  • When 'sex/gender of principal owner X: NP flag' equals 1, 'sex/gender of principal owner X: free-form text field for self-identified sex/gender' must not be blank.
IF po_X_gender_flag does not contain 1 THEN
    IF po_X_gender_ff is not blank THEN
        Error
    ENDIF
ELSEIF po_X_gender_flag contains 1 THEN
    IF po_X_gender_ff is blank THEN
        Error
    ENDIF
ENDIF

4.3. Register-level errors

Validation ID: E3000

Validation name
  • uid.duplicates_in_dataset
Affected data fields
  • uid
Description
  • Any 'unique identifier' may not be used in more than one record within a small business lending application register.
IF uid is duplicated within this filing THEN 
    Error 
ENDIF

4.4. Single-field warnings

Validation ID: W0003

Validation name
  • uid.invalid_uid_lei
Affected data field
  • uid
Description
  • The first 20 characters of the 'unique identifier' should match the Legal Entity Identifier (LEI) for the financial institution.

Validation ID: W0122

Validation name
  • ct_guarantee.multi_value_field_restriction
Affected data field
  • ct_guarantee
Description
  • When 'type of guarantee' contains 999 (no guarantee), 'type of guarantee' should not contain more than one value.

Validation ID: W0123

Validation name
  • ct_guarantee.duplicates_in_field
Affected data field
  • ct_guarantee
Description
  • 'Type of guarantee' should not contain duplicated values.

Validation ID: W0182

Validation name
  • ct_loan_term.unreasonable_numeric_value
Affected data field
  • ct_loan_term
Description
  • When present, 'loan term' should be less than 1200 (100 years).

Validation ID: W0202

Validation name
  • credit_purpose.multi_value_field_restriction
Affected data field
  • credit_purpose
Description
  • When 'credit purpose' contains 988 (not provided by applicant and otherwise undetermined) or 999 (not applicable), 'credit purpose' should not contain more than one value.

Validation ID: W0203

Validation name
  • credit_purpose.duplicates_in_field
Affected data field
  • credit_purpose
Description
  • 'Credit purpose' should not contain duplicated values.

Validation ID: W0340

Validation name
  • denial_reasons.multi_value_field_restriction
Affected data field
  • denial_reasons
Description
  • When 'denial reason(s)' contains 999 (not applicable), 'denial reason(s)' should not contain more than one value.

Validation ID: W0341

Validation name
  • denial_reasons.duplicates_in_field
Affected data field
  • denial_reasons
Description
  • 'Denial reason(s)' should not contain duplicated values.

Validation ID: W0420

Validation name
  • pricing_fixed_rate.unreasonable_numeric_value
Affected data field
  • pricing_fixed_rate
Description
  • When present, 'fixed rate: interest rate' should generally be greater than 0.1.

Validation ID: W0441

Validation name
  • pricing_adj_margin.unreasonable_numeric_value
Affected data field
  • pricing_adj_margin
Description
  • When present, 'adjustable rate transaction: margin' should generally be greater than 0.1.

Validation ID: W0680

Validation name
  • census_tract_number.invalid_geoid
Affected data field
  • census_tract_number
Description
  • When present, 'census tract: tract number' should be a valid census tract GEOID as defined by the U.S. Census Bureau.

Validation ID: W0762

Validation name
  • naics_code.invalid_naics_value
Affected data field
  • naics_code
Description
  • When present, 'North American Industry Classification System (NAICS) code' should be a valid NAICS code.

Validation ID: W0842

Validation name
  • business_ownership_status.duplicates_in_field
Affected data field
  • business_ownership_status
Description
  • 'Business ownership status' should not contain duplicated values.

Validation ID: W0843

Validation name
  • business_ownership_status.multi_value_field_restriction
Affected data field
  • business_ownership_status
Description
  • When 'business ownership status' contains 966 (the applicant responded that they did not wish to provide this information) or 988 (not provided by applicant), 'business ownership status' should not contain more than one value.

Validation ID: W0901

Validation name
  • po_X_ethnicity.duplicates_in_field
Affected data field
  • po_X_ethnicity
Description
  • 'Ethnicity of principal owner X' should not contain duplicated values.

Validation ID: W0902

Validation name
  • po_X_ethnicity.multi_value_field_restriction
Affected data field
  • po_X_ethnicity
Description
  • When 'ethnicity of principal owner X' contains 966 (the applicant responded that they did not wish to provide this information) or 988 (not provided by applicant), 'ethnicity of principal owner X' should not contain more than one value.

Validation ID: W0941

Validation name
  • po_X_race.duplicates_in_field
Affected data field
  • po_X_race
Description
  • 'Race of principal owner X' should not contain duplicated values.

Validation ID: W0942

Validation name
  • po_X_race.multi_value_field_restriction
Affected data field
  • po_X_race
Description
  • When 'race of principal owner X' contains 966 (the applicant responded that they did not wish to provide this information) or 988 (not provided by applicant), 'race of principal owner X' should not contain more than one value.

4.5. Multi-field warnings

Validation ID: W2002

Validation name
  • ct_guarantee_ff.multi_invalid_number_of_values
Affected data fields
  • ct_guarantee
  • ct_guarantee_ff
Description
  • 'Type of guarantee' and 'free-form text field for other guarantee' combined should not contain more than five values. Code 977 (other), within 'type of guarantee', does not count toward the maximum number of values for the purpose of this validation check.
WHERE ct_guarantee_length = number of entries in ct_guarantee excluding 977 AND
      ct_guarantee_ff_length = number of entries in ct_guarantee_ff
    IF ct_guarantee_length + ct_guarantee_ff_length is greater than 5 THEN
        Warning
    ENDIF
ENDWHERE

Validation ID: W2006

Validation name
  • credit_purpose_ff.multi_invalid_number_of_values
Affected data fields
  • credit_purpose
  • credit_purpose_ff
Description
  • 'Credit purpose' and 'free-form text field for other credit purpose' combined should not contain more than three values. Code 977 (other), within 'credit purpose', does not count toward the maximum number of values for the purpose of this validation check.
WHERE credit_purpose_length = number of entries in credit_purpose excluding 977 AND
      credit_purpose_ff_length = number of entries in credit_purpose_ff
    IF credit_purpose_length + credit_purpose_ff_length is greater than 3 THEN
        Warning
    ENDIF
ENDWHERE

Validation ID: W2010

Validation name
  • action_taken_date.unreasonable_date_value
Affected data fields
  • action_taken_date
  • app_date
Description
  • The date indicated by 'application date' should generally be less than two years (730 days) before 'action taken date'.
IF action_taken_date is greater than (app_date plus 730 days) THEN 
    Warning 
ENDIF

Validation ID: W2013

Validation name
  • denial_reasons_ff.multi_invalid_number_of_values
Affected data fields
  • denial_reasons
  • denial_reasons_ff
Description
  • 'Denial reason(s)' and 'free-form text field for other denial reason(s)' combined should not contain more than four values. Code 977 (other), within 'Denial reason(s)', does not count toward the maximum number of values for the purpose of this validation check.
WHERE denial_reasons_length = number of entries in denial_reasons excluding 977 AND
      denial_reasons_ff_length = number of entries in denial_reasons_ff
    IF denial_reasons_length + denial_reasons_ff_length is greater than 4 THEN
        Warning
    ENDIF
ENDWHERE

Validation ID: W2035

Validation name
  • po_demographics_0.conditional_fieldset_conflict
Affected data fields
  • num_principal_owners
  • po_1_ethnicity
  • po_1_race
  • po_1_gender_flag
  • po_2_ethnicity
  • po_2_race
  • po_2_gender_flag
  • po_3_ethnicity
  • po_3_race
  • po_3_gender_flag
  • po_4_ethnicity
  • po_4_race
  • po_4_gender_flag
Description
  • When 'number of principal owners' equals 0 or is blank, demographic fields for principal owners 1, 2, 3, and 4 should be blank.
IF num_principal_owners is equal to 0 OR is blank THEN 
    IF (po_1_ethnicity, po_1_race, po_1_gender_flag, 
        po_2_ethnicity, po_2_race, po_2_gender_flag, 
        po_3_ethnicity, po_3_race, po_3_gender_flag, 
        po_4_ethnicity, po_4_race, OR po_4_gender_flag) is not blank THEN 
            Warning 
    ENDIF 
ENDIF

Validation ID: W2036

Validation name
  • po_demographics_1.conditional_fieldset_conflict
Affected data fields
  • num_principal_owners
  • po_1_ethnicity
  • po_1_race
  • po_1_gender_flag
  • po_2_ethnicity
  • po_2_race
  • po_2_gender_flag
  • po_3_ethnicity
  • po_3_race
  • po_3_gender_flag
  • po_4_ethnicity
  • po_4_race
  • po_4_gender_flag
Description
  • When 'number of principal owners' equals 1, 'ethnicity of principal owner 1', 'race of principal owner 1', and 'sex/gender of principal owner 1: NP flag' should not be blank.
  • Demographic fields for principal owners 2, 3, and 4 should be blank.
IF num_principal_owners is equal to 1 THEN 
    IF (po_1_ethnicity, po_1_race, OR po_1_gender_flag) is blank THEN 
            Warning 
    ENDIF 
    IF (po_2_ethnicity, po_2_race, po_2_gender_flag, 
        po_3_ethnicity, po_3_race, po_3_gender_flag, 
        po_4_ethnicity, po_4_race, OR po_4_gender_flag) is not blank THEN 
            Warning 
    ENDIF 
ENDIF

Validation ID: W2037

Validation name
  • po_demographics_2.conditional_fieldset_conflict
Affected data fields
  • num_principal_owners
  • po_1_ethnicity
  • po_1_race
  • po_1_gender_flag
  • po_2_ethnicity
  • po_2_race
  • po_2_gender_flag
  • po_3_ethnicity
  • po_3_race
  • po_3_gender_flag
  • po_4_ethnicity
  • po_4_race
  • po_4_gender_flag
Description
  • When 'number of principal owners' equals 2, 'ethnicity of principal owner 1 and 2', 'race of principal owner 1 and 2', and 'sex/gender of principal owner 1 and 2: NP flag' should not be blank.
  • Demographic fields for principal owners 3 and 4 should be blank.
IF num_principal_owners is equal to 2 THEN
    IF (po_1_ethnicity, po_1_race, po_1_gender_flag,
        po_2_ethnicity, po_2_race, OR po_2_gender_flag) is blank THEN
            Warning
    ENDIF
    IF (po_3_ethnicity, po_3_race, po_3_gender_flag,
        po_4_ethnicity, po_4_race, OR po_4_gender_flag) is not blank THEN
            Warning
    ENDIF
ENDIF

Validation ID: W2038

Validation name
  • po_demographics_3.conditional_fieldset_conflict
Affected data fields
  • num_principal_owners
  • po_1_ethnicity
  • po_1_race
  • po_1_gender_flag
  • po_2_ethnicity
  • po_2_race
  • po_2_gender_flag
  • po_3_ethnicity
  • po_3_race
  • po_3_gender_flag
  • po_4_ethnicity
  • po_4_race
  • po_4_gender_flag
Description
  • When 'number of principal owners' equals 3, 'ethnicity of principal owner 1, 2, and 3', 'race of principal owner 1, 2, and 3', and 'sex/gender of principal owner 1, 2, and 3: NP flag' should not be blank.
  • Demographic fields for principal owner 4 should be blank.
IF num_principal_owners is equal to 3 THEN
    IF (po_1_ethnicity, po_1_race, po_1_gender_flag,
        po_2_ethnicity, po_2_race, po_2_gender_flag
        po_3_ethnicity, po_3_race, OR po_3_gender_flag) is blank THEN
            Warning
    ENDIF
    IF (po_4_ethnicity, po_4_race, OR po_4_gender_flag) is not blank THEN
            Warning
    ENDIF
ENDIF

Validation ID: W2039

Validation name
  • po_demographics_4.conditional_fieldset_conflict
Affected data fields
  • num_principal_owners
  • po_1_ethnicity
  • po_1_race
  • po_1_gender_flag
  • po_2_ethnicity
  • po_2_race
  • po_2_gender_flag
  • po_3_ethnicity
  • po_3_race
  • po_3_gender_flag
  • po_4_ethnicity
  • po_4_race
  • po_4_gender_flag
Description
  • When 'number of principal owners' equals 4, 'ethnicity of principal owner 1, 2, 3, and 4', 'race of principal owner 1, 2, 3, and 4', and 'sex/gender of principal owner 1, 2, 3, and 4: NP flag' should not be blank.
IF num_principal_owners is equal to 4 THEN
    IF (po_1_ethnicity, po_1_race, po_1_gender_flag,
        po_2_ethnicity, po_2_race, po_2_gender_flag,
        po_3_ethnicity, po_3_race, po_3_gender_flag,
        po_4_ethnicity, po_4_race, OR po_4_gender_flag) is blank THEN
            Warning
    ENDIF
ENDIF

5. Where to get help

Resources to help industry understand and comply with the small business lending rule are available on the CFPB’s website. Learn about complying with the small business lending rule.

You may also sign up for an email distribution list that the CFPB will use to announce future updates and additional resources as they become available. If you have a specific regulatory interpretation question about the small business lending rule after reviewing these resources, you can submit the question to the CFPB on its website.

6. Paperwork Reduction Act

According to the Paperwork Reduction Act of 1995, an agency may not conduct or sponsor, and, notwithstanding any other provision of law, a person is not required to respond to a collection of information unless it displays a valid OMB control number. The OMB control number for this collection is 3170-0013. It expires on November 30, 2025. The obligation to respond to this collection of information is mandatory under section 704B of the Equal Credit Opportunity Act, 15 U.S.C. 1691c-2, as implemented by Consumer Financial Protection Bureau’s Regulation B, 12 CFR part 1002. Comments regarding this collection of information, including the estimated response time, suggestions for improving the usefulness of the information, or suggestions for reducing the burden to respond to this collection should be submitted to the Bureau of Consumer Financial Protection (Attention: PRA Office), 1700 G Street NW, Washington, DC 20552, or by email to PRA@cfpb.gov.