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15 U.S. Code § 1603

Exempted transactions

15 U.S. Code § 1603. Exempted transactions

This subchapter does not apply to the following:
(1)
Credit transactions involving extensions of credit primarily for business, commercial, or agricultural purposes, or to government or governmental agencies or instrumentalities, or to organizations.
(2)
Transactions in securities or commodities accounts by a broker-dealer registered with the Securities and Exchange Commission.
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