Which type of accounts are exempt from Reg E disclosure requirements?

The correct answer is government-initiated transfers and passbook accounts because Regulation E, which outlines the rules for electronic fund transfers, specifies certain types of accounts that are exempt from its disclosure requirements. Government-initiated transfers, such as federal benefit payments like Social Security or veterans' benefits, are specifically designated as exempt due to their nature and the way they are administered. Passbook accounts also fall under the exemption as they are typically seen as traditional savings accounts that do not involve the same level of electronic transfer activity that Regulation E covers.

In contrast, other account types mentioned in the options do not carry the same exemptions. Business checking accounts are included within Regulation E's scope because they may involve electronic transactions that warrant disclosure. All savings accounts are generally covered under Regulation E, and while loan accounts may involve different regulatory considerations, they too do not fall under the exemptions from Regulation E disclosures.