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15 U.S.C. § 1633 — Exemption for State-regulated transactions

submitted 58 years ago by Pub. L. 90-321 to r/title-15-COMMERCE-AND-TRADE · 54 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section exempts certain State-regulated credit transactions from specified Federal disclosure requirements. The exemption applies only when the State law and the transaction meet the conditions listed in the section.

The Bureau must by regulation exempt from the requirements of this part any class of credit transactions within any State if it determines that under the law of that State that class of transactions is subject to requirements substantially similar to those imposed under this part, and that there is adequate provision for enforcement.
the actual law source: uscode.house.gov ↗public domain

The Bureau shall by regulation exempt from the requirements of this part any class of credit transactions within any State if it determines that under the law of that State that class of transactions is subject to requirements substantially similar to those imposed under this part, and that there is adequate provision for enforcement.

Source credit: (Pub. L. 90–321, title I, § 123, May 29, 1968, 82 Stat. 152; Pub. L. 111–203, title X, § 1100A(2), July 21, 2010, 124 Stat. 2107.)

history & why it existsrecord from the source credit
  • 1968Enacted · Pub. L. 90-321 · 82 Stat. 152
  • 2010Amended · Pub. L. 111-203 · 124 Stat. 2107

A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-321 on 1968-05-29.

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