§ 1633 TITLE 15—COMMERCE AND TRADE Page 1286 those regulations, see section 7 of Pub. L. 100–583, set liable for any finance or other charge, and any out as a note under section 1637 of this title. security interest given by the obligor, including § 1633....
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§ 1633 TITLE 15—COMMERCE AND TRADE Page 1286 those regulations, see section 7 of Pub. L. 100–583, set liable for any finance or other charge, and any out as a note under section 1637 of this title. security interest given by the obligor, including § 1633. Exemption for State-regulated trans- any such interest arising by operation of law, actions becomes void upon such a rescission. Within 20 days after receipt of a notice of rescission, the The Bureau shall by regulation exempt from creditor shall return to the boligor any money the requirements of this part any class of credit or property given as earnest money, downpay- transactions within any State if it determines ment, or otherwise, and shall take any action that under the law of that State that class of necessary or appropriate to reflect the termi- transactions is subject to requirements substan- nation of any security interest created under tially similar to those imposed under this part, the transaction. If the creditor has de
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