The Bureau shall by regulation exempt from the requirements of this part any class of credit transactions within any State if it determines that under the law of that State that class of transactions is subject to requirements substantially similar to those imposed under this part, and that there is adequate provision for enforcement.
Pub. L. 90–321, title I, § 12382 Stat. 152Pub. L. 111–203, title X, § 1100A(2)124 Stat. 2107(, , ; , , .)
Editorial Notes
Amendments
Pub. L. 111–2032010— substituted “Bureau” for “Board”.
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.