Source: https://code.dccouncil.us/dc/council/code/sections/50-601.html
Timestamp: 2019-04-26 00:08:51+00:00

Document:
D.C. Law Library - § 50–601. Definitions.
↪ Chapter 6. Installment Sales of Motor Vehicles.
Chapter 6. Installment Sales of Motor Vehicles.
§ 50–602. Maximum finance charges; computation; proportionate adjustments; investigation of economic conditions to determine finance charges; regulations; classification of parties; waiver.
(1) “Mayor” means the Mayor of the District of Columbia, or his designated agent.
(3) “Finance charge” means finance charge as defined under the provisions of the Truth in Lending Act (15 U.S.C. § 1601 et seq.) and the regulations and interpretations thereunder.
(4) “Governmental charges” means the excise tax, personal property tax, inspection fee, registration fee, recording fee, and such other fees charged by any government, or otherwise authorized by law, incident to the transfer of title to a motor vehicle as the District of Columbia Council may by regulation include within such term.
(5) “Instrument of security” means any promissory note, retail installment contract, or other written promise to pay the unpaid balance of the total amount to be paid by a retail buyer of a motor vehicle.
(6) “Motor vehicle” means any automobile, mobile home, motorcycle, truck, truck tractor, trailer, semi-trailer, or bus. The term “motor vehicle” shall not include any boat trailer, any vehicle propelled or drawn exclusively by muscular power, any vehicle designed to run only on rails or tracks, a personal mobility device, as defined by § 50-2201.02(12), or a battery-operated wheelchair when operated by a person with a disability.
(7) “Person” means an individual, firm, partnership, joint-stock company, corporation, association, incorporated society, statutory or common law trust, estate, executor, administrator, receiver, trustee, conservator, liquidator, committee, assignee, officer, employee, principal, or agent.
(8) “Principal balance” means the cash sale price of a motor vehicle, including accessories and equipment, plus the amounts, if any, included in the retail installment contract, if separate identified charges are stated therein, for insurance and governmental charges, less the amount of the purchaser’s downpayment, if any, in money or goods or both.
(9) “Retail installment contract” means a contract entered into in the District or entered into by a seller licensed or required to be licensed by the District evidencing a retail installment transaction pursuant to which the title to or a lien on, or security or a security interest in, the motor vehicle, which is the subject matter of the transaction, is retained or taken to secure, in whole or in part, the retail buyer’s obligations. The term includes a security agreement, chattel mortgage, conditional sale contract and a contract in the form of a bailment or a lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the value of the motor vehicle sold and it is agreed that the bailee or lessee is bound to become, or, for no further or a merely nominal consideration, has the option of becoming, the owner of the motor vehicle upon full compliance with the terms of the bailment or lease.
(10) “Retail installment transaction” means any transaction in which a retail buyer purchases a motor vehicle for a price in excess of the cash sale price and agrees to pay part or all of such price in one or more deferred installments.
(11) “Security interest” and “secured party” have the same meanings as those given to the terms in §§ 28:1-201 and 28:9-105(m) [see now §§ 28:1-201(37) and 28:9-102(a)(72)].
This section is referenced in § 22-3215.
D.C. Law 16-224, in par. (6), revived the provisions of D.C. Law 14-235 that expired on October 1, 2005, and substituted “personal mobility device, as defined by § 50-2201.02(12), or a battery-operated wheelchair when operated by a person with a disability” for “electric personal assistive mobility devices, as defined by § 50-2201.02(12), and battery-operated wheelchairs when operated by a handicapped person at speeds not exceeding 10 miles per hour”.
Criminal offenses, unauthorized use of a motor vehicle, see § 22-3215.
For temporary (90 day) amendment of section, see § 3 of Motor Vehicle Definition Electric Personal Assistive Mobility Device Exemption Emergency Amendment Act of 2005 (D.C. Act 16-237, December 22, 2005, 53 DCR 249).
For temporary (90 day) amendment of section, see § 3 of Motor Vehicle Definition Electric Personal Assistive Mobility Device Exemption Congressional Review Emergency Amendment Act of 2006 (D.C. Act 16-323, March 23, 2006, 53 DCR 2567).
For temporary (90 day) amendment of section, see § 202 of Personal Mobility Device Emergency Amendment Act of 2006 (D.C. Act 16-528, December 4, 2006, 53 DCR 9826).
For temporary (225 day) amendment of section, see § 3 of Motor Vehicle Definition Electric Personal Assistive Mobility Device Exemption Temporary Amendment Act of 2006 (D.C. Law 16-85, April 4, 2006, law notification 53 DCR 3344).

References: § 50

§ 50
 § 1601
 § 50
 § 22
 § 50
 § 50
 § 22
 § 3
 § 3
 § 202
 § 3