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U.S. Code as of:
01/19/04
Section 1603. Exempted transactions
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, in which the total amount financed exceeds $25,000.
(4) Transactions under public utility tariffs, if the Board
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 Board, 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(6) Repealed.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, Sec. 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., 42 U.S.C. 2751 et seq.].
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