### Question
What is the definition of minority-owned business?


### Answer
The definition of **minority-owned business** is as follows in *15 U.S.C. § 1691c*:

> a business—


(A) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals

#### Citation:
  - *15 U.S.C. § 1691c*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER IV-EQUAL CREDIT OPPORTUNITY**

