Laws: Cases and Codes : U.S. Code : Title 15 : Section 1691b


   

U.S. Code as of: 01/19/04
Section 1691b - Notes
                                   SOURCE
    (Pub. L. 90-321, title VII, Sec. 703, as added Pub. L. 93-495,
    title V, Sec. 503, Oct. 28, 1974, 88 Stat. 1522; amended Pub. L.
    94-239, Sec. 3(a), Mar. 23, 1976, 90 Stat. 252; Pub. L. 100-533,
    title III, Sec. 301, Oct. 25, 1988, 102 Stat. 2692.)
                                AMENDMENTS                            
      1988 - Subsec. (a). Pub. L. 100-533 amended subsec. (a)
    generally. Prior to amendment, subsec. (a) read as follows: "The
    Board shall prescribe regulations to carry out the purposes of this
    subchapter. These regulations may contain but are not limited to
    such classifications, differentiation, or other provision, and may
    provide for such adjustments and exceptions for any class of
    transactions, as in the judgment of the Board are necessary or
    proper to effectuate the purposes of this subchapter, to prevent
    circumvention or evasion thereof, or to facilitate or substantiate
    compliance therewith. In particular, such regulations may exempt
    from one or more of the provisions of this subchapter any class of
    transactions not primarily for personal, family, or household
    purposes, if the Board makes an express finding that the
    application of such provision or provisions would not contribute
    substantially to carrying out the purposes of this subchapter. Such
    regulations shall be prescribed as soon as possible after the date
    of enactment of this Act, but in no event later than the effective
    date of this Act."
      1976 - Pub. L. 94-239 designated existing provisions as subsec.
    (a), inserted provisions exempting from regulations of this
    subchapter any class of transactions not primarily for personal,
    family, or household purposes to be determined by the Board, and
    added subsec. (b).

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