WHAT THE LAW DOINCongress, in plain words

The law › Title 15, Commerce and Trade › Chapter 41

15 U.S.C. 1603: Exempted transactions

Created in 1968 by Public Law 90-321. Changed by 6 later laws. No bill we track in this Congress changes it.

2 other sections of the Code cite this one, including 12 U.S.C. 2606, 15 U.S.C. 1645.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2010

    • Pub. L. 111–203, §1100E(a)(1), substituted "$50,000" for "$25,000". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (3)
    • Pub. L. 111–203, §1100A(2), substituted "Bureau" for "Board". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (4), (5)

    2008

    • Pub. L. 110–315 inserted "and other than private education loans (as that term is defined in section 1650(a) of this title)" after "consumer". (Higher Education Opportunity Act) Law text · (3)

    1996

    • Pub. L. 104–208 added par. (5) and redesignated former pars. (5) and (6) as (6) and (7), respectively. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (5), (6), (7)

    1982

    • Pub. L. 97–320 added par. (6). · (6)

    1980

    • Pub. L. 96–221, §603(c)(1), inserted provision relating to applicability to agricultural purposes. · (1)
    • Pub. L. 96–221, §603(c)(2), substituted provision excepting security interest in real property, or in personal property used as the consumer's principal dwelling, for provisions excepting real property transactions. · (3)
    • Pub. L. 96–221, §603(c)(3), struck out par. (5) which related to credit transactions primarily for agricultural purposes where the amount financed exceeds $25,000. · (5)

    1974

    • Pub. L. 93–495 added par. (5). · (5)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.