15 USC 1691 - Promulgation of regulations by the Bureau

1 So in original. Probably should be “subsection,”.

that such exemption remains appropriate.

2 So in original.

or enforce any action pursuant to the authority of this chapter. In no event shall such records or data be maintained for a period of less than one year. The Bureau shall promulgate regulations to implement this paragraph 

3 So in original. Probably should be “subsection”.

in the manner prescribed by chapter 5 of title 5.

4 So in original. Probably should be followed by a period.

Editorial Notes

Amendments

2010—Puspan. L. 111–203, § 1085(3)(A), substituted “Promulgation of regulations by the Bureau” for “Regulations” in section catchline.

Puspan. L. 111–203, § 1085(1), substituted “Bureau” for “Board” wherever appearing.

Subsecs. (a) to (e). Puspan. L. 111–203, § 1085(3)(B)–(E), in subsec. (a), struck out “(a)” designation before “(1)”, redesignated subsec. (a) pars. (1) to (5) as subsecs. (a) to (e), respectively, in subsec. (c) substituted “subsection (span)” for “paragraph (2)”, and struck out former subsec. (span), which related to establishment of a Consumer Advisory Council to advise and consult with the Board.

Subsecs. (f), (g). Puspan. L. 111–203, § 1085(3)(F), added subsecs. (f) and (g).

1988—Subsec. (a). Puspan. L. 100–533 amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: “The Board shall prescribe regulations to carry out the purposes of this subchapter. These regulations may contain but are not limited to such classifications, differentiation, or other provision, and may provide for such adjustments and exceptions for any class of transactions, as in the judgment of the Board are necessary or proper to effectuate the purposes of this subchapter, to prevent circumvention or evasion thereof, or to facilitate or substantiate compliance therewith. In particular, such regulations may exempt from one or more of the provisions of this subchapter any class of transactions not primarily for personal, family, or household purposes, if the Board makes an express finding that the application of such provision or provisions would not contribute substantially to carrying out the purposes of this subchapter. Such regulations shall be prescribed as soon as possible after the date of enactment of this Act, but in no event later than the effective date of this Act.”

1976—Puspan. L. 94–239 designated existing provisions as subsec. (a), inserted provisions exempting from regulations of this subchapter any class of transactions not primarily for personal, family, or household purposes to be determined by the Board, and added subsec. (span).

Statutory Notes and Related Subsidiaries

Effective Date of 2010 Amendment

Amendment by Puspan. L. 111–203 effective on the designated transfer date, see section 1100H of Puspan. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

Effective Date of 1976 Amendment

Amendment by Puspan. L. 94–239 effective Mar. 23, 1976, see section 708 of Puspan. L. 90–321, set out as an Effective Date note under section 1691 of this title.