---
kind: "section"
citation: "12 U.S.C. § 2606"
title: "12"
title_heading: "Banks and Banking"
number: "2606"
heading: "Exempted transactions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/2606"
units:
  - "Chapter 27 — Real Estate Settlement Procedures"
---

# §2606. Exempted transactions

- (a) **In general—** This chapter does not apply to [credit](/usc/12/5481.md?p=7) transactions involving extensions of [credit](/usc/12/5481.md?p=7)—
  - (1) primarily for business, commercial, or agricultural purposes; or
  - (2) to government or governmental agencies or instrumentalities.
- (b) **Interpretation—** In prescribing regulations under [section 2617(a) of this title](/usc/12/2617.md?p=a), the [Bureau](/usc/12/2602.md?p=9) shall ensure that, with respect to [subsection (a)](#a) of this section, the exemption for [credit](/usc/12/5481.md?p=7) transactions involving extensions of [credit](/usc/12/5481.md?p=7) primarily for business, commercial, or agricultural purposes, as provided in [subsection (a)(1)](#a-1)[^1] of this section shall be the same as the exemption for such [credit](/usc/12/5481.md?p=7) transactions under [section 1603(1) of title 15](/usc/15/1603.md?p=1).

## Footnotes

[^1]: See References in Text note below.

## Source credit

(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.)

## Notes

### Editorial Notes

### References in Text

Subsection (a)(1) of this section, referred to in subsec. (b), was in the original “section 7(1) of the Real Estate Settlement Procedures Act of 1974”, and was translated as referring to section 7(a)(1) of that Act to reflect the probable intent of Congress.

### Prior Provisions

A prior section 2606, Pub. L. 93–533, § 7, Dec. 22, 1974, 88 Stat. 1727, related to seller or his agent confirming that information concerning an existing residence was disclosed to buyer in writing before a commitment for a mortgage loan was made, prior to repeal by Pub. L. 94–205, § 6, Jan. 2, 1976, 89 Stat. 1158.

### Amendments

2010–Subsec. (b). Pub. L. 111–203 substituted “Bureau” for “Secretary”.

1996—Pub. L. 104–208 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).

### Statutory Notes and Related Subsidiaries

### 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.