Does Regulation Z apply to transactions over $61,000?

Regulation Z, which implements the Truth in Lending Act, generally applies to consumer credit transactions but has specific conditions based on the amount of the transaction and its purpose. The correct choice indicates that Regulation Z applies to transactions over $61,000 only when they are secured by real estate or a dwelling.

Specifically, for consumer credit transactions that exceed the threshold, they may still fall under Regulation Z if they involve a mortgage or lien on real property. This encompasses loans for purchasing or refinancing homes, where the itemized disclosures and consumer protections mandated by Regulation Z become applicable.

Transactions over $61,000 not secured by real estate or a dwelling do not benefit from the protections of Regulation Z, thus excluding them from the requirements of the act. This is essential for understanding how Regulation Z operates in the context of varying transaction types and amounts.

In short, the association of Regulation Z with secured transactions involving real estate is what makes this option the correct answer.