US Code

Public Law 119-88 (05/04/2026)

12 U.S.C. § 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

section 2617(a) of this title1

1 See References in Text note below.
section 1603(1) of title 15In prescribing regulations under , the Bureau 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)  of this section shall be the same as the exemption for such credit transactions under .

Pub. L. 93–533, § 7Pub. L. 103–325, title III, § 312108 Stat. 2221 Pub. L. 104–208, div. A, title II, § 2103(b)110 Stat. 3009–399 Pub. L. 111–203, title X, § 1098(5)124 Stat. 2104 (, as added , , ; amended , , ; , , .)

Editorial Notes

References in Text

Subsection (a)(1) of this section, referred to in subsec. (b), was in the original “section 7(1) of the Real Estate Settlement Procedures Act of 1974”, and was translated as referring to section 7(a)(1) of that Act to reflect the probable intent of Congress.

Prior Provisions

Pub. L. 93–533, § 788 Stat. 1727 Pub. L. 94–205, § 689 Stat. 1158 A prior section 2606, , , , related to seller or his agent confirming that information concerning an existing residence was disclosed to buyer in writing before a commitment for a mortgage loan was made, prior to repeal by , , .

Amendments

Pub. L. 111–2032010–Subsec. (b). substituted “Bureau” for “Secretary”.

Pub. L. 104–2081996— designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Pub. L. 111–203section 1100H of Pub. L. 111–203section 552a of Title 5Amendment by effective on the designated transfer date, see , set out as a note under , Government Organization and Employees.