Sec. 36a-678. (Formerly Sec. 36-393b). Compliance with Consumer Credit Protection Act. Exempt transactions.
Sec. 36a-678. (Formerly Sec. 36-393b). Compliance with Consumer Credit
Protection Act. Exempt transactions. (a) Except as otherwise provided in sections
36a-675 to 36a-685, inclusive, or regulations adopted by the commissioner, each person
shall comply with all provisions of the Consumer Credit Protection Act (15 USC 1601
et seq.) which apply to such person.
(b) Any transaction which is exempt from the provisions of the Consumer Credit
Protection Act, as provided in Section 104 of said act, (15 USC 1603) is exempt from
the provisions of sections 36a-675 to 36a-685, inclusive.
(P.A. 81-158, S. 3, 17; P.A. 82-18, S. 2, 4; 82-174, S. 12, 14; P.A. 88-65, S. 41; P.A. 94-122, S. 304, 340.)
History: P.A. 82-18 changed effective date of P.A. 81-158 from March 31, 1982, to "the effective date of Title VI of
Public Law 96-221, as contained in Section 625(a) of Public Law 96-221, as amended", i.e. October 1, 1982; P.A. 82-174
amended Subsec. (a) by deleting the provision that a person "who is a creditor or lessor" shall comply with all applicable
provisions; P.A. 88-65 made a technical change by adding U.S. code citations; P.A. 94-122 made technical changes,
effective January 1, 1995; Sec. 36-393b transferred to Sec. 36a-678 in 1995.