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Code · U.S. Code · Title 15 - COMMERCE AND TRADE · CHAPTER 41— CONSUMER CREDIT PROTECTION · SUBCHAPTER I— CONSUMER CREDIT COST DISCLOSURE · § 1603

§ 1603. Exempted transactions

984 words·~4 min read·/usc/title-15/section-1603

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

This subchapter does not apply to the following:
(1)Credit transactions involving extensions of credit primarily for business, commercial, or agricultural purposes, or to government or governmental agencies or instrumentalities, or to organizations.
(2)Transactions in securities or commodities accounts by a broker-dealer registered with the Securities and Exchange Commission.
(3)Credit transactions, other than those in which a security interest is or will be acquired in real property, or in personal property used or expected to be used as the principal dwelling of the consumer and other than private education loans (as that term is defined in section 1650(a) of this title), in which the total amount financed exceeds $50,000.1
(4)Transactions under public utility tariffs, if the Bureau determines that a State regulatory body regulates the charges for the public utility services involved, the charges for delayed payment, and any discount allowed for early payment.
(5)Transactions for which the Bureau, by rule, determines that coverage under this subchapter is not necessary to carry out the purposes of this subchapter.
(6)Repealed. Pub. L. 96–221, title VI, § 603(c)(3), Mar. 31, 1980, 94 Stat. 169.
(7)Loans made, insured, or guaranteed pursuant to a program authorized by title IV of the Higher Education Act of 1965 [20 U.S.C. 1070 et seq.].
(Pub. L. 90–321, title I, § 104, May 29, 1968, 82 Stat. 147; Pub. L. 93–495, title IV, § 402, Oct. 28, 1974, 88 Stat. 1517; Pub. L. 96–221, title VI, § 603(c), Mar. 31, 1980, 94 Stat. 169; Pub. L. 97–320, title VII, § 701(a), Oct. 15, 1982, 96 Stat. 1538; Pub. L. 104–208, div. A, title II, § 2102(a), Sept. 30, 1996, 110 Stat. 3009–398; Pub. L. 110–315, title X, § 1022, Aug. 14, 2008, 122 Stat. 3488; Pub. L. 111–203, title X, §§ 1100A(2), 1100E(a)(1), July 21, 2010, 124 Stat. 2107, 2111.)
Connections52 cite this · traces to 9
Cited by 52 sections · top 37
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38 references not yet in our index
  • 1
  • Pub. L. 96–221, title VI, § 603(c)(3)
  • 94 Stat. 169
  • Pub. L. 90–321, title I, § 104
  • 82 Stat. 147
  • Pub. L. 93–495, title IV, § 402
  • 88 Stat. 1517
  • Pub. L. 96–221, title VI, § 603(c)
  • Pub. L. 97–320, title VII, § 701(a)
  • 96 Stat. 1538
  • Pub. L. 104–208, div. A, title II, § 2102(a)
  • 110 Stat. 3009–398
  • Pub. L. 110–315, title X, § 1022
  • 122 Stat. 3488
  • Pub. L. 111–203, title X
  • 124 Stat. 2107
  • Pub. L. 89–329
  • 79 Stat. 1219
  • Pub. L. 111–203, § 1100E(a)(1)
  • Pub. L. 111–203, § 1100A(2)
  • Pub. L. 110–315
  • Pub. L. 104–208
  • Pub. L. 97–320
  • Pub. L. 96–221, § 603(c)(1)
  • Pub. L. 96–221, § 603(c)(2)
  • Pub. L. 96–221, § 603(c)(3)
  • Pub. L. 93–495
  • Pub. L. 111–203
  • section 1100H of Pub. L. 111–203
  • Section 701(c) of Pub. L. 97–320
  • Pub. L. 97–457, § 31
  • 96 Stat. 2511
  • Pub. L. 96–221
  • section 625 of Pub. L. 96–221
  • section 416 of Pub. L. 93–495
  • section 50002 of Pub. L. 105–18
  • Pub. L. 111–203, title X, § 1100E(b)
  • 124 Stat. 2111
Citation graph
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§ 1603
Exempted transactions
Fed. Reg.×31
Stat.×9
Bills×5
U.S.C.×5
Stat. Comp.×2
Cite1
Pub. L.Pub. L. 96–221, title VI, § 603(c)(3)
Stat.94 Stat. 169
Cites 47 · showing 12Cited by 52 across 5 sources
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