RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.) § 2606 — Exempted transactions
RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.), §2606 Exempted transactions. Captured section-complete from Cornell LII (verbatim).
Verbatim regulatory text
Verbatim provisions from RESPA (Real Estate Settlement Procedures Act, 12 U.S.C.) § 2606 — Exempted transactions — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
12 U.S.C. §2606(a)
(a) In general This chapter does not apply to credit transactions involving extensions of credit— (1) primarily for business, commercial, or agricultural purposes; or (2) to government or governmental agencies or instrumentalities.
12 U.S.C. §2606(b)
(b) Interpretation In prescribing regulations under section 2617(a) of this title , the Bureau shall ensure that, with respect to subsection (a) of this section, the exemption for credit transactions involving extensions of credit primarily for business, commercial, or agricultural purposes, as provided in subsection (a)(1) [1] of this section shall be the same as the exemption for such credit transactions under section 1603(1) of title 15 . ( Pub. L. 93–533, § 7 , as added Pub. L. 103–325, title III, § 312 , Sept. 23, 1994 , 108 Stat. 2221 ; amended Pub. L. 104–208, div. A, title II, § 2103(b) , Sept. 30, 1996 , 110 Stat. 3009–399 ; Pub. L. 111–203, title X, § 1098(5) , July 21, 2010 , 124 Stat. 2104 .) [1] See References in Text note below.