reglab/housing_qa huggingface dataset:
DC Code § 26-709 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-709. Review of impact

(a) Three years after November 23, 1985, the committee of the Council which has oversight of banking regulations shall convene a public hearing to receive testimony that will aid the committee in determining whether passage of this subchapter: (1) Has led to the creation of an increased number of jobs for District residents; (2) Has increased the availability of commercial banking services for District residents and businesses, including minority and women-owned businesses; (3) Has increased, or otherwise altered, local lending and investment by District of Columbia banks that have been acquired by District of Columbia or regional bank holding companies; (4) Has led to a strengthening of the local commercial banking market; or (5) Has otherwise benefited the residents of the District of Columbia. (b) The committee shall use the information acquired at the hearing required by subsection (a) of this section to determine whether the District should continue to participate in the regional reciprocal interstate banking arrangement provided for in this subchapter and if so, for what period and to what extent. The committee may also determine whether a limit should be imposed on the number of banks or on the percentage of District deposits controlled by a single company; whether specific capitalization, employment, and location requirements should be imposed on out-of-state bank holding companies wishing to acquire District banks or bank holding companies; and whether specific plans detailing how the acquiror and acquiree intend to serve deposit and credit needs of District residents should be required. As soon as practicable after conclusion of the hearing, but no later than 6 months after the hearing, the committee shall file with the Office of the Secretary a recommendation or recommendations for Council action to alter the provisions of this subchapter, if necessary.  (Nov. 23, 1985, D.C. Law 6-63, § 10, 32 DCR 5954.)  Prior Codifications 1981 Ed., § 26-809. Editor's Notes Because of the codification of D.C. Law 11-142 as subchapter II of Chapter 8 subchapter II of Chapter 7, 2001 Ed., and the designation of the preexisting text as subchapter I, “subchapter” has been substituted for “chapter” in the introductory language of (a) and in (b).
DC Code § 26-710 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-710. Applicability

(a) Except as expressly provided, the following laws shall not apply to national banks organized pursuant to 12 U.S.C. §§ 21 to 95, members of Federal Home Loan Banks as defined in 12 U.S.C. §§ 1422 to 1424, and Federal Credit Unions as defined in 12 U.S.C. § 1752, but shall apply to all banks, savings companies, trust companies, related holding companies, or other banking institutions in the District of Columbia: (1) Sections 26-101, 26-102, 26-1301 through 26-1352, and 26-201 through 26-232; (2) Sections 26-901 through 26-912; (3) Section 26-103; (4) Sections 26-801 and 26-802; (5) Sections 26-104, 26-107, 26-108 [repealed], and 26-109; (6) Sections 26-105 and 26-106; (7) Sections 26-110, 26-803, and 26-804; (8) Chapter 4 of this title; (9) Section 26-251; and (10) Sections 26-521 through 26-524. (b) The Superintendent [Commissioner of the Department of Insurance, Securities, and Banking] shall not have the power to regulate the authority or activities of a bank holding company or bank in a manner which, directly or indirectly, cause it to operate its national banking subsidiary in a manner which violates federal requirements.  (Nov. 23, 1985, D.C. Law 6-63, § 10a; as added Apr. 11, 1986, D.C. Law 6-107, § 2(j), 33 DCR 1168; May 6, 2020, D.C. Law 23-86, 67 DCR 3476.)  Prior Codifications 1981 Ed., § 26-809.1.
DC Code § 26-711 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-711. Use of women-owned banks

(a) Recipients of District of Columbia government contracts are encouraged to use women-owned banks and federally or District chartered minority-owned banks certified by the Small and Local Business Opportunity Commission in accordance with subchapter IX-A of Chapter 2 of Title 2. (b) The Mayor shall, pursuant to subchapter I of Chapter 5 of Title 2, issue rules to implement the provisions of this section within 90 days of March 16, 1989. All rules issued pursuant to this subsection shall be transmitted to the Council for review.  (Nov. 23, 1985, D.C. Law 6-63, § 10b; as added Mar. 16, 1989, D.C. Law 7-187, § 2(b), 35 DCR 8648; October 4, 2000, D.C. Law 13-169, § 6, 47 DCR 5846; Oct. 20, 2005, D.C. Law 16-33, § 2381(a), 52 DCR 7503.)  Prior Codifications 1981 Ed., § 26-810. Effect of Amendments D.C. Law 13-169 in subsec. (a) substituted for “Minority Business Opportunity Commission in accordance with the District of Columbia Minority Contracting Act of 1976, § 1-1141 et seq.” the phrase “District of Columbia Local Business Opportunity Commission in accordance with subchapter II-B of Chapter 11 of Title 1-I”. D.C. Law 16-33, in subsec. (a), substituted “Small and Local Business Opportunity Commission in accordance with subchapter IX-A of Chapter 2 of Title 2” for “District of Columbia Local Business Opportunity Commission in accordance with subchapter IX of Chapter 2 of Title 2”. Emergency Legislation For temporary (90-day) amendment of section, see § 6 of the Equal Opportunity for Local, Small, or Disadvantaged Business Enterprises Emergency Amendment Act of 2000 (D.C. Act 13-415, August 14, 2000, 47 DCR 7296). For temporary (90 day) amendment of section, see § 2381(a) of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667). Temporary Legislation Section 6 of D.C. Law 13-216, in subsec. (a), substituted “District of Columbia Local Business Opportunity Commission in accordance with the Equal Opportunity for Local, Small, and Disadvantaged Business Enterprises Act of 1998” for “Minority Business Opportunity Commission in accordance with the District of Columbia Minority Contracting Act of 1976”. Section 11(b) of D.C. Law 13-216 provided that the act shall expire after 225 days of its having taken effect.
DC Code § 26-713 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-713. Hearings

Any administrative hearing held in accordance with this subchapter shall be held pursuant to Chapter 5 of Title 2, unless the Superintendent [Commissioner of the Department of Insurance, Securities, and Banking] determines that a public proceeding would jeopardize or adversely affect the safety and soundness of the bank or the public interest. If the Superintendent [Commissioner] makes the determination, the hearing may be held in private session.  (Nov. 23, 1985, D.C. Law 6-63, § 10d; as added Aug. 17, 1991, D.C. Law 9-42, § 2(d), 38 DCR 4981.)  Prior Codifications 1981 Ed., § 26-812. Editor's Notes Because of the codification of D.C. Law 11-142 as subchapter II of Chapter 8 subchapter II of Chapter 7, 2001 Ed., and designation of the preexisting text as subchapter I, “subchapter” has been substituted for “chapter” in this section.
DC Code § 26-714 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-714. Enforcement

Any order issued pursuant to this subchapter may be enforced in the Superior Court of the District of Columbia.  (Nov. 23, 1985, D.C. Law 6-63, § 10e; as added Aug. 17, 1991, D.C. Law 9-42, § 2(d), 38 DCR 4981.)  Prior Codifications 1981 Ed., § 26-813. Editor's Notes Because of the codification of D.C. Law 11-142 as subchapter II of Chapter 8 [subchapter II of Chapter 7, 2001 Ed.], and the designation of the preexisting text as subchapter I, “subchapter” has been substituted for “chapter” in this section.
DC Code § 26-731 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter II - Interstate Banking and Branching|§ 26-731. Findings

The Council of the District of Columbia hereby finds and declares that: (1) On September 29, 1994, the federal Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 (“federal legislation”) became law. (2) Sections 102 and 103 of the federal legislation permit states to enact early opt in legislation to enable a state to appropriately regulate interstate banking, branching, and bank mergers and acquisitions prior to June 1997 when all provisions of the federal legislation will become fully effective. (3) It is the intent of the District of Columbia to exercise its statutory option under the federal legislation by opting in to its interstate branching schemata thus permitting the District’s Office of Banking and Financial Institutions to regulate, pursuant to the federal legislation, interstate branching, acquisition of branches, bank mergers, and consolidations of existing banking entities within the District of Columbia among other things.  (June 13, 1996, D.C. Law 11-142, § 2, 43 DCR 2159.)  Prior Codifications 1981 Ed., § 26-851.
DC Code § 26-733 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter II - Interstate Banking and Branching|§ 26-733. De novo branching or acquisition of a branch into a state other than the District

(a) With the approval of the Superintendent [Commissioner of the Department of Insurance, Securities, and Banking], a District state bank may establish and maintain a de novo branch or acquire a branch in a state other than the District. (b) A District state bank (“applicant”) desiring to branch into a state other than the District under this section shall file an application on a form provided by the Superintendent [Commissioner] and pay a branching fee of $500 to the Superintendent [Commissioner]. If, within 30 days after receipt of the application, the Superintendent [Commissioner] determines that the applicant possesses sufficient resources to branch into a state other than the District, the Superintendent [Commissioner] shall approve the application. (c) In reviewing the application, the Superintendent [Commissioner] shall consider the views of the state bank supervisor of the host state where the branch is proposed to be located. (d) If the Superintendent [Commissioner] fails to approve or disapprove an application within 30 days of receipt, the application shall be deemed approved. The Superintendent [Commissioner] may extend this 30-day review period for an additional 30 days upon a showing of good cause. (e) A District state bank that branches into a state other than the District may exercise, at that branch, all rights and powers permitted to banks chartered by that state unless the Superintendent [Commissioner] determines that the exercise of such rights or powers would threaten the safety and soundness of the District bank.  (June 13, 1996, D.C. Law 11-142, § 4, 43 DCR 2159.)  Prior Codifications 1981 Ed., § 26-853. Temporary Legislation Section 2(a) of D.C. Law 11-257 amended (a) to read as follows. “(a) No person shall engage in business as a mortgage lender or mortgage broker, or both, or hold himself or herself out to the public to be a mortgage lender or mortgage broker for 150 days after the effective date of this chapter, unless such person has first obtained a license under this chapter.” Section 4(b) of D.C. Law 11-257 provided that the act shall expire after 225 days of its having taken effect. Editor's Notes Fees credited to the Office of Banking and Financial Institutions Enterprise Fund: Section 1804(3) of D.C. Law 12-60 provided that all fees received pursuant to § 26-853(b) 1981 Ed. shall be credited to the Office of Banking and Financial Institutions Enterprise Fund.
DC Code § 26-734 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter II - Interstate Banking and Branching|§ 26-734. Interstate branching by de novo entry or acquisition into the District

(a) An out-of-state bank (“applicant”) that does not maintain a branch within the District may establish and maintain a de novo branch or may acquire a branch within the District provided the applicant meets the following requirements: (1) Submits to the Superintendent [Commissioner] a copy of the application it files with its home state supervisor or with the appropriate federal agency in order to establish such branch within the District; (2) Pays a branching fee to be determined by the Superintendent [Commissioner]; and (3)(A) In the case of a de novo branch to be established prior to June 1, 1997, the laws of the home state of the applicant permit District banks to establish and maintain de novo branches in that state under terms similar to those set forth in this subchapter; or (B) In the case of a branch to be established through acquisition of a branch prior to June 1, 1997, the laws of the home state of the applicant permit District banks to establish and maintain branches in that state through the acquisition of branches under terms similar to those set forth in this subchapter. (b) An out-of-state state bank that establishes and maintains a branch in the District may exercise, at such branch, all rights and powers permitted to be exercised by District state banks unless the out-of-state state bank’s home state determines that the exercise of such rights or powers would threaten the safety and soundness of the out-of-state state bank.  (June 13, 1996, D.C. Law 11-142, § 5, 43 DCR 2159.)  Prior Codifications 1981 Ed., § 26-854. Section References This section is referenced in § 26-735. Temporary Legislation Section 2(b) of D.C. Law 11-247 amends (b) to read as follows: “(b) The Superintendent shall approve or deny each application for a license within 60 days after the date from when the application and bond are filed and the fees are paid. The Superintendent may issue a provisional license to an applicant who has filed the application and bond and paid all required fees if the Superintendent determines that he is unable to complete the application review process within 60 days.” Section 4(b) of D.C. Law 11-247 provided that the act shall expire after 225 days of its having taken effect.
DC Code § 26-735 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter II - Interstate Banking and Branching|§ 26-735. Additional authority of Superintendent [Commissioner]

(a) The Superintendent [Commissioner] may conduct examinations of any branch of an out-of-state state bank established or maintained within the District pursuant to § 26-734 to ensure that such branch is operating in a safe and sound manner and to ensure that such branch is in compliance with the laws of the District. (b) The Superintendent [Commissioner] may require periodic reports from any out-of-state bank that establishes or maintains a branch in the District pursuant to § 26-734, including reports regarding any agency agreements entered into between a branch and a depository institution affiliate as authorized and established by § 26-739, provided that the reports: (1) Are similar to reports required from District banks by the Superintendent; and (2) Are not preempted by federal law. (c) The Superintendent [Commissioner] may enter into cooperative agreements with any other state bank regulators for any legal purpose, including agreements for sharing of examination fees and other regulatory fees, in order to prevent duplication of regulatory functions and for the convenience and needs of the public. (d) An out-of-state bank that has established and maintained a branch in the District may establish and maintain additional branches in the District to the same extent as a District state bank or to the extent otherwise permitted by federal law.  (June 13, 1996, D.C. Law 11-142, § 6, 43 DCR 2159.)  Prior Codifications 1981 Ed., § 26-855.
DC Code § 26-736 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter II - Interstate Banking and Branching|§ 26-736. Interstate merger transactions by a District state bank

(a) With the permission of the Superintendent [Commissioner], a District state bank may maintain and operate a branch in a state other than the District pursuant to an interstate merger transaction with an out-of-state bank in which the District state bank is the resulting bank. (b) A District state bank (“applicant”) desiring to establish and maintain a branch in another state under this section shall file an application on a form provided by the Superintendent [Commissioner] and pay a merger fee to be determined by the Superintendent [Commissioner]. If, within 30 days of receipt of the application, the Superintendent [Commissioner] determines that the applicant possesses sufficient financial resources, sufficient managerial and professional experience, and that the proposed merger is in the public interest, the Superintendent [Commissioner] shall approve the application for an interstate merger transaction and for the operation of branches in a state other than the District by the District state bank. (c) In reviewing the application, the Superintendent [Commissioner] shall consider the views of the state bank supervisor of the host state where the interstate merger transaction is to be consummated. (d) If the Superintendent [Commissioner] fails to approve or disapprove an application within 30 days of receipt, the application shall be deemed approved. The Superintendent [Commissioner] may extend this 30-day review period for an additional 30 days upon a showing of good cause. (e) A District state bank that establishes and maintains a branch in a state other than the District pursuant to an interstate merger transaction may exercise, at such branch, all rights and powers permitted to banks chartered by that state unless the Superintendent [Commissioner] determines that the exercise of such rights or powers would threaten the safety and soundness of the District state bank.  (June 13, 1996, D.C. Law 11-142, § 7, 43 DCR 2159.)  Prior Codifications 1981 Ed., § 26-856. Editor's Notes Fees credited to the Office of Banking and Financial Institutions Enterprise Fund: Section 1804(3) of D.C. Law 12-60 provided that all fees received pursuant to § 26-856(b) 1981 Ed. shall be credited to the Office of Banking and Financial Institutions Enterprise Fund.
DC Code § 26-737 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter II - Interstate Banking and Branching|§ 26-737. Interstate merger transactions by an out-of-state bank with a District bank; retention of branches by resulting bank

(a) A District bank may engage with an out-of-state bank (“applicant”) in an interstate merger transaction where the resulting bank is not a District state bank. The resulting bank from such an interstate merger transaction may maintain and operate the branches in the District of the merged District bank, provided the applicant meets the following requirements: (1) Submits to the Superintendent [Commissioner] a copy of the application it files with its home state regulator or with the federal banking agency in order to consummate such merger within the District; (2) Pays a merger fee to be determined by the Superintendent [Commissioner]. This fee may be waived by the Superintendent [Commissioner] if the Superintendent [Commissioner] determines that the fee paid by the applicant in its home state is sufficient; (3) Prior to consummation of such merger, obtains a certificate of authority to transact business in the District in accordance with § 29-101.99. The applicant shall be entitled to do so notwithstanding the exclusion of the business of banking under the terms of § 29-101.99(a); and (4) In the case of an interstate merger transaction to be consummated prior to June 1, 1997, the laws of the home state of the applicant permit District banks to consummate interstate merger transactions in the home state under terms similar to those set forth in this subchapter. (b) An out-of-state state bank that engages in an interstate merger transaction with a District bank and is the resulting bank may exercise at its branches in the District all rights and powers to be exercised by District state banks, unless the out-of-state state bank’s home state determines that the exercise of such rights or powers would threaten the safety and soundness of the out-of-state state bank.  (June 13, 1996, D.C. Law 11-142, § 8, 43 DCR 2159.)  Prior Codifications 1981 Ed., § 26-857. Editor's Notes Fees credited to the Office of Banking and Financial Institutions Enterprise Fund: Section 1804(3) of D.C. Law 12-60 provided that all fees received pursuant to § 26-857(a)(2) 1981 Ed. shall be credited to the Office of Banking and Financial Institutions Enterprise Fund.
DC Code § 26-738 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter II - Interstate Banking and Branching|§ 26-738. Additional authority of Superintendent [Commissioner]

(a) The Superintendent [Commissioner] may conduct examinations of any branch of an out-of-state state bank established within the District pursuant to an interstate merger transaction to ensure that such branch is operating in a safe and sound manner and to ensure that such branch is in compliance with the laws of the District. (b) The Superintendent [Commissioner] may require periodic reports from any branch of an out-of-state bank established within the District pursuant to an interstate merger transaction, including reports regarding any agency agreements entered into between a branch and a depository institution affiliate authorized and established pursuant to § 26-739, provided that the reports: (1) Are similar to reports required from District banks by the Superintendent [Commissioner]; and (2) Are not preempted by federal law. (c) The Superintendent [Commissioner] may enter into cooperative agreements with any other state bank regulators for any legal purpose, including agreements for sharing of examination fees and other regulatory fees, in order to prevent duplication of regulatory functions and for the convenience and needs of the public. (d) An out-of-state bank that has acquired a branch in the District pursuant to an interstate merger transaction may establish and maintain additional branches in the District to the same extent as a District state bank or to the extent otherwise permitted by federal law.  (June 13, 1996, D.C. Law 11-142, § 9, 43 DCR 2159.)  Prior Codifications 1981 Ed., § 26-858.
DC Code § 26-739 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter II - Interstate Banking and Branching|§ 26-739. Establishment of agency agreements between affiliated depository institutions

A District state bank that is a subsidiary of a bank holding company may agree to receive deposits, renew time deposits, close loans, service loans, receive payments on loans and other obligations, and perform such other services as the Superintendent [Commissioner] may determine are appropriate, as an agent for a depository institution affiliate.  (June 13, 1996, D.C. Law 11-142, § 10, 43 DCR 2159.)  Prior Codifications 1981 Ed., § 26-859. Section References This section is referenced in § 26-735 and § 26-738.