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PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 2059

‘‘(3) SMALL BUSINESS LOAN.—The term ‘small business loan’
means a loan made to a small business.
‘‘(4) MINORITY.—The term ‘minority’ has the same meaning
as in section 1204(c)(3) of the Financial Institutions Reform,
Recovery, and Enforcement Act of 1989.
‘‘(5) MINORITY-OWNED BUSINESS.—The term ‘minority-
owned business’ means a business—
‘‘(A) more than 50 percent of the ownership or control
of which is held by 1 or more minority individuals; and
‘‘(B) more than 50 percent of the net profit or loss
of which accrues to 1 or more minority individuals.
‘‘(6) WOMEN-OWNED BUSINESS.—The term ‘women-owned
business’ means a business—
‘‘(A) more than 50 percent of the ownership or control
of which is held by 1 or more women; and
‘‘(B) more than 50 percent of the net profit or loss
of which accrues to 1 or more women.’’.
(b) TECHNICAL AND CONFORMING AMENDMENTS.—Section 701(b)
of the Equal Credit Opportunity Act (15 U.S.C. 1691(b)) is
amended—
(1) in paragraph (3), by striking ‘‘or’’ at the end;
(2) in paragraph (4), by striking the period at the end
and inserting ‘‘; or’’; and
(3) by inserting after paragraph (4), the following:
‘‘(5) to make an inquiry under section 704B, in accordance
with the requirements of that section.’’.
(c) CLERICAL AMENDMENT.—The table of sections for title VII 15 USC 1691
of the Consumer Credit Protection Act is amended by inserting note.
after the item relating to section 704A the following new item:

‘‘704B. Small business loan data collection.’’.
(d) EFFECTIVE DATE.—This section shall become effective on
the designated transfer date.

SEC. 1072. ASSISTANCE FOR ECONOMICALLY VULNERABLE INDIVID- UALS AND FAMILIES. (a) HERA AMENDMENTS.—Section 1132 of the Housing and Economic Recovery Act of 2008 (12 U.S.C. 1701x note) is amended— (1) in subsection (a), by inserting in each of paragraphs (1), (2), (3), and (4) ‘‘or economically vulnerable individuals and families’’ after ‘‘homebuyers’’ each place that term appears; (2) in subsection (b)(1), by inserting ‘‘or economically vulnerable individuals and families’’ after ‘‘homebuyers’’; (3) in subsection (c)(1)— (A) in subparagraph (A), by striking ‘‘or’’ at the end; (B) in subparagraph (B), by striking the period at the end and inserting ‘‘; or’’; and (C) by adding at the end the following: ‘‘(C) a nonprofit corporation that— ‘‘(i) is exempt from taxation under section 501(c)(3) of the Internal Revenue Code of 1986; and ‘‘(ii) specializes or has expertise in working with economically vulnerable individuals and families, but LAWS whose primary purpose is not provision of credit coun- seling services.’’; and (4) in subsection (d)(1), by striking ‘‘not more than 5’’.PUBLIC with on anorris VerDate Nov 24 2008 10:40 Sep 02, 2010 Jkt 089139 PO 00203 Frm 00685 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 APPS06 PsN: PUBL203