15 USC 1633: Exemption for State-regulated transactions
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15 USC 1633: Exemption for State-regulated transactions Text contains those laws in effect on January 7, 2011
From Title 15-COMMERCE AND TRADECHAPTER 41-CONSUMER CREDIT PROTECTIONSUBCHAPTER I-CONSUMER CREDIT COST DISCLOSUREPart B-Credit Transactions
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§1633. Exemption for State-regulated transactions

The Board 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.

( 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 .)

Amendment of Section

Pub. L. 111–203, title X, §§1100A(2), 1100H, July 21, 2010, 124 Stat. 2107 , 2113, provided that, effective on the designated transfer date, this section is amended by striking "Board" each place that term appears and inserting "Bureau". See Effective Date of 2010 Amendment note below.

Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.