15 U.S.C. § 1693r : US Code - Section 1693R: Exemption for State regulation

Search 15 U.S.C. § 1693r : US Code - Section 1693R: Exemption for State regulation

The Board shall by regulation exempt from the requirements of
this subchapter any class of electronic fund transfers within any
State if the Board 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.