### Question
How is the term covered institution defined?


### Answer
The term **covered institution** is defined in *15 U.S.C. § 1639c* as the following:

> an insured depository institution or an insured credit union that, together with its affiliates, has less than $10,000,000,000 in total consolidated assets

#### Citation:
  - *15 U.S.C. § 1639c*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER I-CONSUMER CREDIT COST DISCLOSURE > Part B-Credit Transactions**

