§ 7003. Specific exceptions
(a)
Excepted requirements
The provisions of section
7001 of this title shall not apply to a contract or other record to the extent it is governed by—
(1)
a statute, regulation, or other rule of law governing the creation and execution of wills, codicils, or testamentary trusts;
(b)
Additional exceptions
The provisions of section
7001 of this title shall not apply to—
(1)
court orders or notices, or official court documents (including briefs, pleadings, and other writings) required to be executed in connection with court proceedings;
(2)
any notice of—
(B)
default, acceleration, repossession, foreclosure, or eviction, or the right to cure, under a credit agreement secured by, or a rental agreement for, a primary residence of an individual;
(c)
Review of exceptions
(1)
Evaluation required
The Secretary of Commerce, acting through the Assistant Secretary for Communications and Information, shall review the operation of the exceptions in subsections (a) and (b) of this section to evaluate, over a period of 3 years, whether such exceptions continue to be necessary for the protection of consumers. Within 3 years after June 30, 2000, the Assistant Secretary shall submit a report to the Congress on the results of such evaluation.
(2)
Determinations
If a Federal regulatory agency, with respect to matter within its jurisdiction, determines after notice and an opportunity for public comment, and publishes a finding, that one or more such exceptions are no longer necessary for the protection of consumers and eliminating such exceptions will not increase the material risk of harm to consumers, such agency may extend the application of section
7001 of this title to the exceptions identified in such finding.