Title 15 — Commerce and TradeRelease 119-73not60
§1693r Exemption for State Regulation
Title 15 › Chapter 41— CONSUMER CREDIT PROTECTION › Subchapter VI— ELECTRONIC FUND TRANSFERS › § 1693r
Summary
The Bureau must make a rule that exempts a type of electronic fund transfer in a state from the federal requirements if it finds that the state's law gives mostly the same protections and that the state enforces those rules adequately.
Full Legal Text
Title 15, §1693r
Commerce and Trade — Source: USLM XML via OLRC
The Bureau shall by regulation exempt from the requirements of this subchapter any class of electronic fund transfers within any State if the Bureau determines that under the law of that State that class of electronic fund transfers is subject to requirements substantially similar to those imposed by this subchapter, and that there is adequate provision for enforcement.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Another section 922 of Pub. L. 90–321 is classified to section 1693q of this title. Renumbering of section 920 of Pub. L. 90–321 as section 921 by section 401(1) of Pub. L. 111–24 was executed prior to the renumbering of section 921 of Pub. L. 90–321 as section 922 by section 1073(a)(3) of Pub. L. 111–203 as the probable intent of Congress, notwithstanding section 403 of Pub. L. 111–24, set out as an
Effective Date
note under section 1693l–1 of this title and section 4 of Pub. L. 111–203, set out as an
Effective Date
note under section 5301 of Title 12, Banks and Banking, which provided that the renumbering by Pub. L. 111–24 was effective 15 months after
May 22, 2009, and the renumbering by Pub. L. 111–203 was effective 1 day after
July 21, 2010.
Prior Provisions
A prior section 922 of Pub. L. 90–321 was renumbered section 923 and is classified as an
Effective Date
note under section 1693 of this title.
Amendments
2010—Pub. L. 111–203, § 1084(1), substituted “Bureau” for “Board” in two places.
Statutory Notes and Related Subsidiaries
Effective Date
of 2010 AmendmentAmendment by section 1084(1) of 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. § 1693r
Title 15 — Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60