True or False: Consumer loans over $61,000 are exempt from Regulation Z disclosure requirements.

The statement is true because Regulation Z, which is part of the Truth in Lending Act, does indeed exempt certain consumer loans from its disclosure requirements, specifically those that are for more than $61,000. This exemption applies to loans that are not secured by real estate, as Regulation Z primarily aims to protect consumers in the realm of credit for personal, family, or household purposes. When a loan exceeds this threshold, it’s deemed to be outside the regulatory scope regarding disclosure requirements, as the theory is that such higher loan amounts are typically extended to consumers with greater financial sophistication. This is a key aspect of Regulation Z, which seeks to ensure that consumers are adequately informed about loan terms and conditions, while also recognizing that higher-value loans may not require the same level of protection afforded to smaller consumer loans.