12 U.S.C. § 2606 : US Code - Section 2606: Exempted transactions

Search 12 U.S.C. § 2606 : US Code - Section 2606: Exempted transactions

(a) In general
This chapter does not apply to credit transactions involving
extensions of credit -
(1) primarily for business, commercial, or agricultural
purposes; or
(2) to government or governmental agencies or
instrumentalities.
(b) Interpretation
In prescribing regulations under section 2617(a) of this title,
the Secretary shall ensure that, with respect to subsection (a) of
this section, the exemption for credit transactions involving
extensions of credit primarily for business, commercial, or
agricultural purposes, as provided in subsection (a)(1) (!1) of
this section shall be the same as the exemption for such credit
transactions under section 1603(1) of title 15.