Source: https://code.dccouncil.us/dc/council/code/sections/26-1102.html
Timestamp: 2019-08-24 00:35:28
Document Index: 399094987

Matched Legal Cases: ['§ 26', '§ 26', '§\u200226', '§ 26', '§ 26', '§\u2002601', '§\u20022', '§\u20022']

D.C. Law Library - § 26–1102. Exemptions.
↪ § 26–1102. Exemptions.
(6) A person making a mortgage loan to a borrower who is the person’s spouse, child, child’s spouse, parent, sibling, grandparent, grandchild, or grandchild’s spouse;
1981 Ed., § 26-1002.
This section is referenced in § 26-910 and § 26-1114.
D.C. Law 14-132 repealed par. (4) which had read as follows: “(4) Any person who makes or brokers 3 or fewer mortgage loans per calendar year;”.
D.C. Law 18-38, rewrote par. (1); in par. (10), deleted “and” from the end; in par. (11), substituted “; and” for a period at the end; and added par. (12). Prior to amendment, par. (1) read as follows: “(1) Any bank, trust company, savings bank, savings and loan association, or credit union incorporated or chartered under the laws of the United States, any state or territory of the United States, or the District, and any other financial institution incorporated or chartered under the laws of the District or of the United States, that accepts deposits and is regulated under this title, and subsidiaries and affiliates of such entities which maintain their principal office or a branch office in the District of Columbia and in which the lender, subsidiary, or affiliate is subject to the general supervision or regulation of, or subject to audit or examination by, a regulatory body or agency of the United States, any state or territory of the United States, or the District;”.
For temporary (90 day) amendment of section, see § 601(a)(1) of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
For temporary (90 day) amendment of section, see § 2(b) of Mortgage Lender and Broker Emergency Amendment Act of 2008 (D.C. Act 17-617, December 22, 2008, 56 DCR 189).
For temporary (90 day) amendment of section, see § 2(b) of Mortgage Lender and Broker Congressional Review Emergency Amendment Act of 2009 (D.C. Act 18-31, March 16, 2009, 56 DCR 2327).
Section 2(b) of D.C. Law 17-350, in par. (10), substituted a semicolon for “; and”; in par. (11), substituted “; and” for a period; and added par. (12) to read as follows:
“(12) Persons acting as registered mortgage loan originators, when acting for a federal banking agency.”