[Code of Federal Regulations]
[Title 16, Volume 1]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 16CFR444.5]

[Page 448-449]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
                   CHAPTER I--FEDERAL TRADE COMMISSION
 
PART 444_CREDIT PRACTICES--Table of Contents
 
Sec. 444.5  State exemptions.

    (a) If, upon application to the Federal Trade Commission by an 
appropriate State agency, the Federal Trade Commission determines that:
    (1) There is a State requirement or prohibition in effect that 
applies to any transaction to which a provision of this rule applies; 
and
    (2) The State requirement or prohibition affords a level of 
protection to consumers that is substantially equivalent to, or greater 
than, the protection afforded by this rule;

[[Page 449]]


Then that provision of the rule will not be in effect in that State to 
the extent specified by the Federal Trade Commission in its 
determination, for as long as the State administers and enforces the 
State requirement or prohibition effectively.
    (b) [Reserved]