Title 15, Commerce and TradeRelease 119-102
§1633 Exemption for State-regulated Transactions
Title 15 › CHAPTER 41 — CONSUMER CREDIT PROTECTION › SUBCHAPTER I — CONSUMER CREDIT COST DISCLOSURE › Part B — Credit Transactions › § 1633
Summary
The Bureau must exempt classes of state-regulated credit transactions when the state's laws and enforcement are similar enough to the federal rules.
Full Legal Text
Title 15, §1633
Commerce and Trade, Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2010—Pub. L. 111–203 substituted “Bureau” for “Board”.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment 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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1633
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102