15 U.S.C. § 1633
Section 1633 · Exemption for State-regulated transactions
This is § 123 of the Truth in Lending Act
Amended 2 times on record
Applied in 27 court decisions — leading case Palmer v. Champion Mortgage (2006)
Most recently applied in Sheedy v. Deutsche Bank National Trust Co. (September 2015)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
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.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
2010—Pub. L. 111–203 substituted “Bureau” for “Board”.
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.