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What loan types are considered exempt from the CLA?

April 26, 2017CLA exempt loan types

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What loan types are considered exempt from the CLA?

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Business, commercial, agriculture, and organizational purpose lending is exempt from the CLA. See the Fair Debt Collection Practices Act, 15 U.S.C. Sec. 1603 (Truth in Lending), and Regulation Z that implements the act at 12 C.F.R. Part 226.3, for a description of each of these loan types.