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