reglab/housing_qa huggingface dataset:
DC Code § 26-1152.18 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter II - Prohibited Practices|§ 26-1152.18. No oppressive mandatory arbitration clause

(a) A mandatory arbitration clause in a note, lien, instrument, or ancillary lien instrument or obligation that evidences or secures a covered loan that is oppressive, unfair, unconscionable, or in substantially in derogation of the rights of borrowers shall be void. (b) Arbitration clauses that comply with the standards adopted by the Mayor pursuant to regulation shall be presumed not to violate this section; provided, the Mayor’s standards be in accordance with the procedures of a nationally recognized arbitration forum such as the American Arbitration Association.  (May 7, 2002, D.C. Law 14-132, § 218, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 218 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1152.19 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter II - Prohibited Practices|§ 26-1152.19. Homeownership counseling

A lender shall inform a borrower of his or her right to obtain counseling in connection with a covered loan. A Red Flag Warning Disclosure Notice shall satisfy this requirement.  (May 7, 2002, D.C. Law 14-132, § 219, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 219 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1152.20 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter II - Prohibited Practices|§ 26-1152.20. Broker licensor

Upon initiation of a business relationship with a mortgage broker, a lender shall verify that each mortgage broker with whom it does business in connection with making a covered loan is licensed or otherwise authorized to do business in the District. After verifying that the broker is licensed or authorized to do business in the District, the lender shall be entitled thereafter to rely upon a signed written statement by the mortgage broker that the mortgage broker is duly authorized to conduct business in the District unless the lender has notice that the mortgage broker is not licensed or authorized to do business in the District; provided, that the lender has provided the Mayor with a name, telephone number, mailing address, and electronic mail address of a contact to whom the Mayor can provide updates or amendments to the list of licensed brokers.  (May 7, 2002, D.C. Law 14-132, § 220, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 220 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1152.21 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter II - Prohibited Practices|§ 26-1152.21. Filing requirements

(a) Within 14 days following the funding of a covered loan, a lender otherwise subject to the jurisdiction of the Mayor shall submit to the Mayor a loan package including copies of the following documents: (1) The settlement statement; (2) The FP-7 Form filed with the Recorder of Deeds; (3) The final Truth in Lending Act disclosure; and (4) The note. (b) In its transmittal of the loan package required by subsection (a) of this section, the lender shall certify that each of the documents provided are true copies of the original documents. (c) The loan package submitted pursuant to subsection (a) of this section shall remain confidential and exempt from disclosure under any law except to the borrower, a lender involved in the covered loan transaction, or current noteholder.  (May 7, 2002, D.C. Law 14-132, § 221, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 221 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1152.22 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter II - Prohibited Practices|§ 26-1152.22. Suspect settlement service providers

The Mayor may create and maintain a public list of lenders and other settlement service providers, including real estate agents and appraisers, who have been found by a court to have engaged in a systematic pattern or practice of fraud or in operations in violation of the requirements of District law.  (May 7, 2002, D.C. Law 14-132, § 222, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 222 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1152.23 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter II - Prohibited Practices|§ 26-1152.23. Median family income

The Mayor shall periodically publish or make available to lenders median family income for Washington, D.C. that may be relied upon by lenders for purposes of this chapter.  (May 7, 2002, D.C. Law 14-132, § 223, 49 DCR 2551; Oct. 19, 2002, D.C. Law 14-213, § 42(a), 49 DCR 8140.)  Effect of Amendments D.C. Law 14-213 deleted “the” before “Washington D.C.”. Emergency Legislation For temporary (90 day) addition of section, see § 223 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1153.02 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter III - Violations and Remedies; Enforcement and Civil Liability|§ 26-1153.02. Enforcement

The Mayor may conduct examinations and investigations, and issue orders to enforce the provisions of this chapter, with respect to lenders over which it otherwise has jurisdiction. The Mayor may examine any relevant instrument, document, account, book, record, or file of a lender over which the Mayor has jurisdiction. The Mayor may recover the reasonable cost of the examinations and investigations from the lender. A lender shall maintain records which allow the Mayor to determine compliance with this chapter and any regulations promulgated hereunder.  (May 7, 2002, D.C. Law 14-132, § 302, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 302 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1153.03 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter III - Violations and Remedies; Enforcement and Civil Liability|§ 26-1153.03. Administrative penalties

(a) If the Mayor determines that a person has violated this chapter, the Mayor may impose one or more of the following penalties: (1) A civil penalty imposed as follows: (A) $1,000 for the first violation; (B) For the second and each subsequent violation occurring within a 24-month period of a prior violation, twice the immediately preceding civil penalty imposed (or which could have been imposed). (2) Order a person to cease and desist from engaging in any violation of this chapter and to make restitution for actual damages to the borrower. (b) If the Mayor determines that any person has a systematic pattern of violations of this chapter, the Mayor may impose one or more of the following penalties in addition to the penalties set forth in subsection (a) of this section: (1) Suspend, revoke, or refuse to renew any license issued by the Mayor; (2) Prohibit or suspend an individual responsible for a violation of this chapter from working in his or her present capacity or in any other capacity related to the activities regulated by the Mayor; or (3) Obtain an injunction or other process against any person to restrain and prevent the person from engaging in any activity violating this chapter.  (May 7, 2002, D.C. Law 14-132, § 303, 49 DCR 2551.)  Section References This section is referenced in § 26-1153.04. Emergency Legislation For temporary (90 day) addition of section, see § 303 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1153.04 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter III - Violations and Remedies; Enforcement and Civil Liability|§ 26-1153.04. Final decision

A decision of the Mayor under § 26-1153.03 shall be a final order for the purposes of subchapter I of Chapter 5 of Title 2, and shall be enforceable in a court of competent jurisdiction. The Mayor shall publish the final decisions, subject to redaction or modification to preserve confidentiality. Any person aggrieved by a final decision of the Mayor pursuant to this subchapter may appeal the decision to Superior Court of the District of Columbia.  (May 7, 2002, D.C. Law 14-132, § 304, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 304 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1153.05 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter III - Violations and Remedies; Enforcement and Civil Liability|§ 26-1153.05. Assignee liability

(a) Any person who purchases or is otherwise assigned a covered loan shall be subject to all claims and defenses with respect to the covered loan that the borrower could assert against the originator of the covered loan, unless the purchaser or assignee demonstrates, by a preponderance of the evidence, that a reasonable person exercising ordinary due diligence could not determine that the loan was a covered loan for the purposes of this chapter, based on: (1) The documentation required by § 26-1151.02 or subchapter II of this chapter; (2) The itemization of the amount financed; and (3) Other disclosure of disbursements. (b) Nothing in subsection (a) of this section shall affect the rights of a borrower under any other provision of this chapter. (c) Notwithstanding any other provision of law, the relief provided under this section shall not exceed: (1) With respect to actions based upon a violation of this chapter, the amount of actual damages; and (2) With respect to all other causes of action, the sum of: (A) The amount of all remaining indebtedness; and (B) The total amount paid by the consumer in connection with the transaction, reduced by the amount of any damages awarded under paragraph (1) of this subsection. (d) Any person who sells or otherwise assigns a covered loan shall include a prominent notice, in the form as provided by the Mayor pursuant to rules of the potential liability under this section.  (May 7, 2002, D.C. Law 14-132, § 305, 49 DCR 2551; Apr. 13, 2005, D.C. Law 15-354, § 38, 52 DCR 2638.)  Effect of Amendments D.C. Law 15-354, in subsec. (c)(2), validated a previously made technical correction. Emergency Legislation For temporary (90 day) addition of section, see § 305 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1154.01 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter IV - Rulemaking|§ 26-1154.01. Rulemaking authority

The Mayor shall promulgate rules in accordance with Chapter 5 of Title 2, to carry out the purposes of this chapter. The rules shall be promulgated within 90 days of May 7, 2002.  (May 7, 2002, D.C. Law 14-132, § 401, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 401 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1155.01 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11A - Home Loan Protection|Subchapter V - Applicability|§ 26-1155.01. Applicability

(a) Subchapters I through III of this chapter shall apply 60 days after the effective date of the regulations promulgated by the Mayor pursuant to this chapter. (b) The provisions of this chapter shall be interpreted and applied to the fullest extent practical in a manner consistent with applicable federal laws and regulations. Nothing in this chapter is intended to preempt federal laws and regulations.  (May 7, 2002, D.C. Law 14-132, § 501, 49 DCR 2551.)  Emergency Legislation For temporary (90 day) addition of section, see § 501 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534). For temporary (90 days) addition of a subchapter concerning conformity with the Nationwide Mortgage Licensing System, see §§ 2-11 of the Nationwide Mortgage Licensing System Conformity Emergency Act of 2014 (D.C. Act 20-374, July 10, 2014, 61 DCR 7230). Temporary Legislation For temporary (225 days) addition of provisions to standardize licensing and registration application requirements using the Nationwide Mortgage Licensing System and Registry , see §§ 2-11 of the Nationwide Mortgage Licensing System Conformity Temporary Act of 2014 (D.C. Law 20-146, Dec. 17, 2014, 61 DCR 8063).
DC Code § 26-1301 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 13 - Trust, Loan, Mortgage, Safe Deposit and Title Corporations|Subchapter I - General|§ 26-1301. Manner of formation; purposes

Corporations may be formed within the District of Columbia for the purposes hereinafter mentioned in the following manner: Any number of natural persons, citizens of the United States, not less than 25, may associate themselves together to form a company for the purpose of carrying on, in the District of Columbia, any 1 of the 3 classes of business herein specified, to wit: (1) a safe deposit, trust, loan, and mortgage business; (2) a title insurance, loan, and mortgage business; or (3) a security, guarantee, indemnity, loan, and mortgage business; provided, that the capital stock of any of said companies shall not be less than $1,000,000 except as otherwise provided in § 31-2502.13, and that any of said companies may also do a storage business when their capital stock amounts to the sum of not less than $1,200,000.  (Mar. 3, 1901, 31 Stat. 1303, ch. 854, § 715; Apr. 16, 1966, 80 Stat. 121, Pub. L. 89-399, § 1(b); Apr. 9, 1997, D.C. Law 11-255, § 24(a), 44 DCR 1271.)  Prior Codifications 1981 Ed., § 26-401. 1973 Ed., § 26-301. Section References This section is referenced in § 26-702.01, § 26-710, § 26-1304, § 26-1309, § 26-1310, and § 26-1313. Transfer of Functions Pursuant to Reorganization Plan No. 3 of 1992, effective January 20, 1993, unless another date was designated by the Mayor under Sec V of the Plan, the D.C. Office of Banking and Financial Institutions (“OBFI”) is hereby transferred from the Deputy Mayor for Economic Development (“DMED”) control center to a separate OBFI control center/responsibility center. OBFI will continue to be administered by the Superintendent and will remain a part of the economic development cluster reporting to the Mayor. [Reserved].
DC Code § 26-1304 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 13 - Trust, Loan, Mortgage, Safe Deposit and Title Corporations|Subchapter I - General|§ 26-1304. Organization certificate; execution; contents

The persons referred to in § 26-1301 shall, under their hands and seals, execute before some officer in said District competent to take the acknowledgment of deeds, an organization certificate, which shall specifically state: (1) The name of the corporation; (2) The purposes for which it is formed; (3) The term for which it is to exist, which shall not exceed the term of 50 years, and be subject to alteration, amendment, or repeal by Congress at any time; (4) The number of its directors and the names and residences of the officers who for the first year are to manage the affairs of the company; and (5) The amount of its capital stock and its subdivision into shares.  (Mar. 3, 1901, 31 Stat. 1303, ch. 854, § 716; Apr. 9, 1997, D.C. Law 11-255, § 24(b), 44 DCR 1271.)  Prior Codifications 1981 Ed., § 26-404. 1973 Ed., § 26-304.
DC Code § 26-1305 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 13 - Trust, Loan, Mortgage, Safe Deposit and Title Corporations|Subchapter I - General|§ 26-1305. Charter of incorporation — Power of Council to grant or refuse

This certificate shall be presented to the Council of the District of Columbia, which shall have power and discretion to grant or refuse to said persons a charter of incorporation upon the terms set forth in the said certificate and the provisions of this chapter.  (Mar. 3, 1901, 31 Stat. 1303, ch. 854, § 717.)  Prior Codifications 1981 Ed., § 26-405. 1973 Ed., § 26-305. Change in Government This section originated at a time when local government powers were delegated to a Board of Commissioners of the District of Columbia (see Acts Relating to the Establishment of the District of Columbia and its Various Forms of Governmental Organization in Volume 1). Section 402(223) of Reorganization Plan No. 3 of 1967 (see Reorganization Plans in Volume 1) transferred all of the functions of the Board of Commissioners under this section to the District of Columbia Council, subject to the right of the Commissioner as provided in § 406 of the Plan. The District of Columbia Self-Government and Governmental Reorganization Act, 87 Stat. 818, § 711 ( D.C. Code, § 1-207.11), abolished the District of Columbia Council and the Office of Commissioner of the District of Columbia. These branches of government were replaced by the Council of the District of Columbia and the Office of Mayor of the District of Columbia, respectively. Accordingly, and also pursuant to § 714(a) of such Act ( D.C. Code, § 1-207.14(a)), appropriate changes in terminology were made in this section.
DC Code § 26-1306 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 13 - Trust, Loan, Mortgage, Safe Deposit and Title Corporations|Subchapter I - General|§ 26-1306. Charter of incorporation — Notice of application

Previous to the presentation of the said certificate to the said Council of the District of Columbia, notice of the intention to apply for such charter shall be inserted in 2 newspapers of general circulation, printed in the District of Columbia, at least 4 times a week for 3 weeks, setting forth briefly the name of the proposed company, its character and object, the names of the proposed corporators, and the intention to make application for a charter on a specified day; and the proof of such publication shall be presented with said certificate when presentation thereof is made to said Council.  (Mar. 3, 1901, 31 Stat. 1303, ch. 854, § 718.)  Prior Codifications 1981 Ed., § 26-406. 1973 Ed., § 26-306. Change in Government This section originated at a time when local government powers were delegated to a Board of Commissioners of the District of Columbia (see Acts Relating to the Establishment of the District of Columbia and its Various Forms of Governmental Organization in Volume 1). Section 402(223) of Reorganization Plan No. 3 of 1967 (see Reorganization Plans in Volume 1) transferred all of the functions of the Board of Commissioners under this section to the District of Columbia Council, subject to the right of the Commissioner as provided in § 406 of the Plan. The District of Columbia Self-Government and Governmental Reorganization Act, 87 Stat. 818, § 711 ( D.C. Code, § 1-207.11), abolished the District of Columbia Council and the Office of Commissioner of the District of Columbia. These branches of government were replaced by the Council of the District of Columbia and the Office of Mayor of the District of Columbia, respectively. Accordingly, and also pursuant to § 714(a) of such Act ( D.C. Code, § 1-207.14(a)), appropriate changes in terminology were made in this section.
DC Code § 26-1308 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 13 - Trust, Loan, Mortgage, Safe Deposit and Title Corporations|Subchapter I - General|§ 26-1308. Reports to Superintendent of Banking and Financial Institutions [Commissioner of the Department of Insurance, Securities, and Banking]

All companies organized under this chapter, or which shall, under the provisions of this chapter, become entitled to transact the business of a trust company, shall report to the Superintendent of Banking and Financial Institutions [Commissioner of the Department of Insurance, Securities, and Banking] pursuant to subchapter I of Chapter 7 of this title.  (Mar. 3, 1901, 31 Stat. 1304, ch. 854, § 720; Nov. 23, 1985, D.C. Law 6-63,§ 106(a)(7); as added Apr. 11, 1986, D.C. Law 6-107, § 2(k), 33 DCR 1168.)  Prior Codifications 1981 Ed., § 26-408. 1973 Ed., § 26-308.
DC Code § 26-1310 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 13 - Trust, Loan, Mortgage, Safe Deposit and Title Corporations|Subchapter I - General|§ 26-1310. Appointment as fiduciary

In all cases in which application shall be made to any court in the District of Columbia, or wherever it becomes necessary or proper for said court to appoint a trustee, receiver, personal representative, special administrator, guardian of the estate of a minor, or committee of the estate of a person with mental illness, it shall and may be lawful for said court (but without prejudice to any preference in the order of any such appointments required by law) to appoint any such company organized under clause (1) of § 26-1301, with its assent, such trustee, receiver, personal representative, special administrator, committee, or guardian, with the consent of the guardian of the person of such minor; provided, however, that no court or judge who is an owner of or in any manner financially interested in the stock or business of such corporation shall commit by order or decree to any such corporation any trust or fiduciary duty.  (Mar. 3, 1901, 31 Stat. 1305, ch. 854, § 722; June 24, 1980, D.C. Law 3-72,§ 207(b), 27 DCR 2155; Apr. 24, 2007, D.C. Law 16-305, § 39(a), 53 DCR 6198.)  Prior Codifications 1981 Ed., § 26-410. 1973 Ed., § 26-310. Effect of Amendments D.C. Law 16-305 substituted “person with mental illness” for “lunatic”.
DC Code § 26-1311 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 13 - Trust, Loan, Mortgage, Safe Deposit and Title Corporations|Subchapter I - General|§ 26-1311. Oath as fiduciary

Whenever any corporation operating under this Code shall be appointed such trustee, personal representative, special administrator, receiver, assignee, guardian, or committee, as aforesaid, the president, vice-president, secretary, or treasurer of said company shall take the oath or affirmation required by law to be made by any trustee, personal representative, special administrator, receiver, assignee, guardian, or committee.  (Mar. 3, 1901, 31 Stat. 1305, ch. 854, § 723; June 24, 1980, D.C. Law 3-72,§ 207(c), 27 DCR 2155.)  Prior Codifications 1981 Ed., § 26-411. 1973 Ed., § 26-311. References in Text “Code” means An Act To establish a code of law for the District of Columbia, ch. 854, §§ 1 through 1642.