---
kind: "section"
citation: "15 U.S.C. § 1633"
title: "15"
title_heading: "Commerce and Trade"
number: "1633"
heading: "Exemption for State-regulated transactions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/1633"
units:
  - "Chapter 41 — Consumer Credit Protection"
  - "Subchapter I — Consumer Credit Cost Disclosure"
  - "Part B — Credit Transactions"
---

# §1633. Exemption for State-regulated transactions


The [Bureau](/usc/15/1602.md?p=b) shall by regulation exempt from the requirements of this part any class of [credit](/usc/15/1602.md?p=f) transactions within any [State](/usc/15/1602.md?p=s) if it determines that under the law of that [State](/usc/15/1602.md?p=s) that class of transactions is subject to requirements substantially similar to those imposed under this part, and that there is adequate provision for enforcement.


## Source credit

(Pub. L. 90–321, title I, § 123, May 29, 1968, 82 Stat. 152; Pub. L. 111–203, title X, § 1100A(2), July 21, 2010, 124 Stat. 2107.)

## Notes

### Editorial Notes

### Amendments

2010—Pub. L. 111–203 substituted “Bureau” for “Board”.

### 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.