§2617. Authority of Bureau — Inbound Citations
12 U.S.C. § 2617
Cited by 5 provisions in release 119-102.
Citations to 12 U.S.C. § 2617 as a whole
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(b) The Secretary is authorized to determine the manner and extent to which the provisions of sections 2602, 2607, 2614, 2615, 2616, and 2617 of this title may reasonably be applied to the transactions described in subsection (a), and to grant such exemptions as may be necessary to achieve the purposes of this section.
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(1) the term “federally related mortgage loan” as used in sections 2602, 2607, 2614, 2615, 2616, and 2617 of this title shall include an FHA-insured loan or extension of credit made to a borrower for the purpose of purchasing a manufactured home that the borrower intends to occupy as a personal residence; and
Citations to §2617(a)
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(b) 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.