12 USC § 2606 - Exempted transactions

---
identifier: "/us/usc/t12/s2606"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2606 - Exempted transactions"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2606"
section_name: "Exempted transactions"
chapter_number: 27
chapter_name: "REAL ESTATE SETTLEMENT PROCEDURES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
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.)"
---


# § 2606. Exempted transactions

**(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.

**1** **Interpretation** section 2617(a) of this title[^1]section 1603(1) of title 15

In prescribing regulations under , 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)  of this section shall be the same as the exemption for such credit transactions under .

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.)

## 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, , , , 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 , , .

### Amendments

2010–Subsec. (b).  substituted “Bureau” for “Secretary”.

1996— designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).

## Statutory Notes and Related Subsidiaries

### Effective Date of 2010 Amendment

Amendment by  effective on the designated transfer date, see , set out as a note under , Government Organization and Employees.