WAIVER FOR CERTAIN BORROWERS.

SEC. 2104. WAIVER FOR CERTAIN BORROWERS. Section 105 of the Truth in Lending Act (15 U.S.C. 1604) is amended by adding at the end the following new subsection: “(g) Waiver for Certain Borrowers.— “(1) In general.— The Board, by regulation, may exempt from the requirements of this title certain credit transactions if— “(A) the transaction involves a consumer— “(i) with an annual earned income of more than $200,000; or “(ii) having net assets in excess of $1,000,000 at the time of the transaction; and 110 STAT. 3009–402 “(B) a waiver that is handwritten, signed, and dated by the consumer is first obtained from the consumer. “(2) Adjustments by the board.— The Board, at its discretion, may adjust the annual earned income and net asset requirements of paragraph (1) for inflation.”.