TRANSACTIONS WHEREIN TRUTH IN LENDING ACT APPLIES [Sec. 3, CB Circ. 158]

1. Any loans, mortgages, deeds of trust, advances and discounts
2. Any conditional sales contract, any contract to sell, or sale or contract of sale of property or services, either for present or future delivery, under which part or all of the price is payable subsequent to the making of such sale or contract
3. Any rental-purchase contract
4. Any contract or arrangement for the hire, bailment, leasing of property
5. Any option, demand, lien, pledge, or other claim against, or for delivery of, property or money
6. Any purchase, or other acquisition of, or any credit upon the security of, any obligation or claim arising out of any of the foregoing
7. Any transaction or series of transactions having a similar purpose or effect

TRANSACTIONS NOT COVERED BY ACT [Sec. 3, CB Circ. 158]

Considering that the specific purpose of the law is the full disclosure of the true cost of credit, the following credit transactions are outside the scope of the regulations:

1. Which do not involve the payment of any finance charge by the debtor
2. In which the debtor is the one specifying a definite and fixed set of credit terms such as
bank deposits, insurance contracts, sale of bonds, etc