reglab/housing_qa huggingface dataset:
DC Code § 26-215 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 2 - Building Associations|Subchapter I - General|§ 26-215. Purchase of real property

Such corporation shall not invest its fund in any real estate except what is necessary for the conduct of its business, but may purchase such property at sales made upon foreclosure of mortgages or in satisfaction of judgments or other liens held by it; provided, that such property so purchased be sold within a reasonable time thereafter.  (Mar. 3, 1901, 31 Stat. 1300, ch. 854, § 700.)  Prior Codifications 1981 Ed., § 26-515. 1973 Ed., § 26-414.
DC Code § 26-231 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 2 - Building Associations|Subchapter II - Federal Securities|§ 26-231. Purchase of federal securities

The board of directors of any building association incorporated or unincorporated, organized and existing under the laws of the District of Columbia to do or now doing in the District of Columbia a building association business, in their discretion, may purchase the bonds of the Home Owners’ Loan Corporation created pursuant to the authority of the Home Owners’ Loan Act of 1933, approved June 13, 1933 (and said association is hereby permitted to carry said bonds as an asset at the par value of said bonds) or may subscribe and pay for shares of any federal corporation created or authorized by law to lend money to building and loan associations.  (Mar. 3, 1901, ch. 854, § 55; Mar. 27, 1934, 48 Stat. 506, ch. 96.)  Prior Codifications 1981 Ed., § 26-516. 1973 Ed., § 26-415. References in Text The Home Owners’ Loan Corporation, referred to near the middle of this section, was dissolved by the Act of June 30, 1953, 67 Stat. 126, ch. 170, § 21. The Home Owners’ Loan Act of 1933, approved June 13, 1933, referred to near the middle of this section, is codified in Chapter 12 of Title 12, United States Code, and, as amended, is referred to as the “Home Owners’ Loan Act.”.
DC Code § 26-232 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 2 - Building Associations|Subchapter II - Federal Securities|§ 26-232. Exchange of securities or real estate for federal bonds

Any building association incorporated or unincorporated, organized and existing under the laws of the District of Columbia, to do or now doing, in the District of Columbia, a building association business, is authorized and empowered to exchange mortgages or deeds of trust or the notes or bonds secured thereby or other obligations and liens secured on real estate or any real estate which it may have or hold, for the bonds of the Home Owners’ Loan Corporation created pursuant to the authority of the Home Owners’ Loan Act of 1933, approved June 13, 1933, and said association is hereby authorized to carry said bonds as an asset at the par value of said bonds.  (Mar. 3, 1901, ch. 854, § 56; Mar. 27, 1934, 48 Stat. 506, ch. 96.)  Prior Codifications 1981 Ed., § 26-517. 1973 Ed., § 26-416. Section References This section is referenced in § 26-710. References in Text The Home Owners’ Loan Corporation, referred to in this section, was dissolved by the Act of June 30, 1953, 67 Stat. 126, ch. 170, § 21. The Home Owners’ Loan Act of 1933, approved June 13, 1933, referred to in this section, is codified in Chapter 12 of Title 12, United States Code, and, as amended, is referred to as the “Home Owners’ Loan Act.”.
DC Code § 26-251 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 2 - Building Associations|Subchapter III - Transfer of Remaining Functions to the Superintendent of Banking and Financial Institutions|§ 26-251. Remaining powers, duties, and functions of Comptroller transferred to Superintendent of Banking and Financial Institutions

Any powers, duties, and functions of the Comptroller of the Currency with respect to building associations and building and loan associations operating in the District of Columbia which are not transferred to the Federal Home Loan Bank Board by the specific statutory amendments herein contained are also hereby transferred from the Comptroller of the Currency to the Federal Home Loan Bank Board. After April 11, 1986, the powers, duties, and functions referred to in this section shall reside in the Superintendent of Banking and Financial Institutions [now Commissioner of the Department of Insurance, Securities, and Banking].  (Sept. 15, 1951, 65 Stat. 324, ch. 404, § 4; Nov. 23, 1985, D.C. Law 6-63,§ 106(e); as added Apr. 11, 1986, D.C. Law 6-107, § 2(k), 33 DCR 1168.)  Prior Codifications 1981 Ed., § 26-505. 1973 Ed., § 26-404a. Section References This section is referenced in § 26-710. References in Text The “Home Loan Bank Board,” formerly referred to throughout this section, was changed to “Federal Home Loan Bank Board” by § 109(a)(3) of the Act of August 11, 1955, 69 Stat. 640. Subsequently, the Federal Home Loan Bank Board was abolished. For provisions relating to the abolition of the Federal Home Loan Bank Board and the transfer of functions, personnel and property of that agency, see §§ 401 to 406 of Pub. L. 101-73, set out as a note under 12 U.S.C. § 1437. The words “specific statutory amendments,” referred to in the section, means the amendments made by §§ 1 to 3 of the Act of September 15, 1951, 65 Stat. 324, ch. 404.
DC Code § 26-521 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5 - Credit Unions|Subchapter II - General pre-2020|§ 26-521. Conversion of District credit unions into federal credit unions — Procedure

Any credit union organized under the District of Columbia Credit Unions Act (47 Stat. 326) [P.L. 72-190], as amended, may apply for conversion into a federal credit union by filing with the Administrator of the National Credit Union Administration (hereinafter referred to as the Administrator), pursuant to a resolution adopted by a majority of its directors, an organization certificate meeting the requirements of § 4 of the Federal Credit Union Act (§ 1753 of Title 12, United States Code ), as amended.  (Aug. 1, 1964, 78 Stat. 377, Pub. L. 88-395, § 1.)  Prior Codifications  2001 Ed., § 26-501  1981 Ed., § 26-601. 1973 Ed., § 26-519. Section References This section is referenced in § 26-710 and § 28-4601. References in Text The “Director of the Bureau of Federal Credit Unions” formerly referred to in this section, was changed to “Administrator of the National Credit Union Administration” by §§ 1 to 3 of the Act of March 10, 1970, 84 Stat. 49.
DC Code § 26-522 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5 - Credit Unions|Subchapter II - General pre-2020|§ 26-522. Conversion of District credit unions into federal credit unions — Approval; effect thereof

The Administrator shall approve any such organization certificate meeting such requirements. Upon such approval, the applicant credit union shall become a federal credit union, and shall be vested with all of the assets and shall continue responsible for all of the obligations of such applicant credit union to the same extent as though the conversion had not taken place.  (Aug. 1, 1964, 78 Stat. 377, Pub. L. 88-395, § 2.)  Prior Codifications  2001 Ed., § 26-502  1981 Ed., § 26-602. 1973 Ed., § 26-520.
DC Code § 26-523 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5 - Credit Unions|Subchapter II - General pre-2020|§ 26-523. Conversion of District credit unions into federal credit unions — Applicability of federal provisions; fees; liquidation of existing loans; bylaws

Any District of Columbia credit union converting into a federal credit union in accordance with this chapter shall thereupon be subject to the limitations, vested with the powers, and charged with the liabilities conferred and imposed by the Federal Credit Union Act (§ 1751 et seq. of Title 12, United States Code) upon credit unions organized thereunder, except that: (1) No fee shall be imposed upon a credit union converting pursuant to this chapter as an incident to its conversion; (2) Any loan or investment made by a credit union converting pursuant to this chapter in conformity with the District of Columbia Credit Unions Act prior to its conversion, which does not conform to the requirements of the Federal Credit Union Act and is still outstanding at the time of conversion, shall be liquidated at or before its maturity or, if it has no maturity date, in a prudent manner and within a reasonable period of time; and (3) A credit union converting pursuant to this chapter shall submit proposed bylaws to the Administrator for his approval after its conversion, but not later than 30 days following its next annual meeting or 6 months after August 1, 1964, whichever is later; provided, that any existing bylaw inconsistent with any other requirements of the Federal Credit Union Act shall be deemed null and void.  (Aug. 1, 1964, 78 Stat. 377, Pub. L. 88-395, § 3.)  Prior Codifications  2001 Ed., § 26-503  1981 Ed., § 26-603. 1973 Ed., § 26-521.
DC Code § 26-524 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5 - Credit Unions|Subchapter II - General pre-2020|§ 26-524. Repeal of District of Columbia Credit Unions Act

Effective 30 days after August 1, 1964, the District of Columbia Credit Unions Act (47 Stat. 326) [P.L. 72-190], as amended, is repealed and all organization certificates issued thereunder and still in force are revoked.  (Aug. 1, 1964, 78 Stat. 377, Pub. L. 88-395, § 4.)  Prior Codifications  2001 Ed., § 26-504  1981 Ed., § 26-604. 1973 Ed., § 26-522.
DC Code § 26-551.01 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter I - General Provisions|§ 26-551.01. Short title

This chapter may be cited as the “General Provisions of the 21st Century Financial Modernization Act of 2000”.  (June 9, 2001, D.C. Law 13-308, § 101, 48 DCR 3244.)  Section References This section is referenced in § 26-1401.02.
DC Code § 26-551.04 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter II - Abolishment of Department of Banking and Financial Institutions; Commissioner of the Department of Banking and Financial Institutions|§ 26-551.04. Appointment of the Commissioner of the Department of Banking and Financial Institutions. [Repealed]

Repealed.  (June 9, 2001, D.C. Law 13-308, § 104, 48 DCR 3244; June 11, 2004, D.C. Law 15-166, § 2(c), 51 DCR 2817.)  Emergency Legislation For temporary (90 day) repeal of section, see § 2(c) of Consolidation of Financial Services Emergency Amendment Act of 2004 (D.C. Act 15-381, February 27, 2004, 51 DCR 2653).
DC Code § 26-551.06 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter III - Financial Institutions Advisory Board|§ 26-551.06. Establishment of the Financial Institutions Advisory Board

There is established a Financial Institutions Advisory Board (“Board”). The function of the Board is advisory. The Board shall give the Commissioner sound and impartial advice on the following matters: (1) Applications by financial institutions, including international banking institutions, to become chartered or organized under the District of Columbia Banking Code; (2) Protection of the interests of depositors and shareholders in financial institutions operating in the District; (3) Protection of the interests of the general public related to the operation of financial institutions in the District; (4) Development and maintenance of a modern system of financial institutions in the District; and (5) Any other financial matter or matter concerning financial institutions operating in, or affecting, the District.  (June 9, 2001, D.C. Law 13-308, § 106, 48 DCR 3244.)
DC Code § 26-551.08 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter III - Financial Institutions Advisory Board|§ 26-551.08. Organization and operation of the Board

(a) The Board shall be organized, shall operate, and may establish committees under such rules and bylaws as the Board establishes. (b) The Board shall meet at least twice a year and at the call of the Commissioner.  (June 9, 2001, D.C. Law 13-308, § 108, 48 DCR 3244.)
DC Code § 26-551.09 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter III - Financial Institutions Advisory Board|§ 26-551.09. Weight of advice of the Board

If the Commissioner does not follow advice of the Board which is part of an official action of the Board, the Commissioner shall send to the Board a written statement of the reason for his or her decision not to follow the advice.  (June 9, 2001, D.C. Law 13-308, § 109, 48 DCR 3244.)
DC Code § 26-551.10 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter IV - Investigation, Examination, and Enforcement Powers of the Commissioner|§ 26-551.10. Examinations of financial institutions

(a) The Commissioner shall hire and commission examiners who shall have the authority to examine any financial institution doing business in the District. (b) In cooperation with the appropriate federal financial institutions agency, if any, the Commissioner shall examine, or cause to be examined, each financial institution doing business in the District at least once every 18 months. The examination shall analyze and determine whether the financial institution is in a safe and sound condition and operating in a safe and sound manner and shall monitor and determine the financial institution’s compliance with District and federal laws, regulations, and rules. (c) The Commissioner may initiate a special examination of a financial institution whenever the Commissioner considers it necessary to ensure that the financial institution is being operated in a safe and sound manner and in compliance with District and federal laws, regulations, and rules. (d) The Commissioner shall assess a fee, to be paid by the financial institution, for the expense of the examination under this section. The fee shall be determined as a percentage of the assets of the examined financial institution.  (June 9, 2001, D.C. Law 13-308, § 110, 48 DCR 3244.)
DC Code § 26-551.11 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter IV - Investigation, Examination, and Enforcement Powers of the Commissioner|§ 26-551.11. Reports on financial institutions

(a) Unless otherwise provided by the District of Columbia Banking Code, the Commissioner shall require each financial institution to submit a financial report on a quarterly basis (“quarterly financial report”). The quarterly financial report shall fully describe the financial condition of the reporting financial institution. The Commissioner may accept the most recent quarterly report filed by the financial institution with its appropriate federal financial institutions agency in the place of a quarterly financial report. (b) A quarterly financial report shall be filed with the Commissioner within 30 days after the end of each calendar quarter. (c) The Commissioner may require a financial institution to submit a special financial report if the Commissioner determines that a special financial report will assist the Commissioner in ensuring the safe and sound condition and operation of the financial institution. (d) A special financial report shall be filed with the Commissioner within 30 days of the receipt of a request for the special financial report from the Commissioner. (e) A quarterly financial report or a special financial report required under this section shall be signed and certified as accurate by the president or chief executive officer of the reporting financial institution. (f) The Commissioner may accept a report, examination, or other information from a state or federal agency or regulatory body concerning the activities of a financial institution or its affiliate or subsidiary. (g) The Commissioner shall prescribe forms to be used to comply with this section.  (June 9, 2001, D.C. Law 13-308, § 111, 48 DCR 3244.)
DC Code § 26-551.12 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter IV - Investigation, Examination, and Enforcement Powers of the Commissioner|§ 26-551.12. Initiation of formal investigation of a financial institution

(a) If the Commissioner determines that a financial institution is engaging, has engaged, or may engage in an unsafe or unsound practice in the operation of the financial institution (“unsafe or unsound practice”), or that the financial institutions is engaging, has engaged, or may engage in a violation of a law, regulation, rule, condition, order, or request of the Commissioner, or any written agreement entered into with the Commissioner (“violation”), the Commissioner may conduct an investigation of the financial institution and issue and serve upon the institution a notice of charges. (b) The Commissioner may request that an investigation, or portion of an investigation, be conducted by a District, state, or federal law enforcement agency.  (June 9, 2001, D.C. Law 13-308, § 112, 48 DCR 3244.)
DC Code § 26-551.13 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter IV - Investigation, Examination, and Enforcement Powers of the Commissioner|§ 26-551.13. Notice of charges; hearing; final order

(a) The Commissioner shall formally initiate an investigation of a violation or an unsafe or unsound practice by issuing a notice of charges. The notice of charges shall contain a statement of facts describing the alleged violation or unsafe or unsound practice that the financial institution or its subsidiary or affiliate has engaged, or may engage, in. (b) The notice of charges shall set a date, time, and place at which a hearing shall be held to determine whether the alleged violation or unsafe or unsound practice has occurred, or may occur, and whether a cease and desist order should be issued against the financial institution, or its subsidiary or affiliate. The hearing date shall be no earlier than 30 days, and no later than 60 days, after the date of service of the notice of charges; provided, that the hearing date may be set earlier or later if it is determined under rules issued by the Commissioner that there are emergency circumstances or that it is impractical to hold the hearing during the prescribed period. (c) A hearing under this section shall be held in the District, unless otherwise specified by the Commissioner, and shall be held before the Commissioner or a person that the Commissioner appoints. (d) The Commissioner may issue a subpoena to compel the attendance of a witness at a hearing or to compel the production of any document, paper, book, record, or other evidence for the investigation. (e) The Commissioner or the Commissioner’s appointee may administer an oath and take the testimony of any person under oath in the conduct of the investigation. (f) A hearing under this section shall be conducted in accordance with Chapter 5 of Title 2. (g) A hearing conducted under this section shall be open to the public, unless the Commissioner determines that it is necessary or appropriate to hold a private hearing to protect the public interest. (h) Within 90 days after the conclusion of a hearing under this section, the Commissioner shall issue a final decision and order, in writing, and shall serve the final decision and order on each party to the investigatory proceeding.  (June 9, 2001, D.C. Law 13-308, § 113, 48 DCR 3244.)  Section References This section is referenced in § 26-551.15, § 26-551.16, § 26-551.17, § 26-551.18, and § 26-551.20.
DC Code § 26-551.14 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter IV - Investigation, Examination, and Enforcement Powers of the Commissioner|§ 26-551.14. Notification of other government agencies

(a) If the Commissioner finds in the Commissioner’s final order that a violation of the District of Columbia Banking Code has occurred or is occurring, the Commissioner shall refer the matter to the Corporation Counsel or to the United States Attorney for appropriate action. (b) If the Commissioner determines that a national bank, federally chartered savings and loan, federally chartered savings bank, or federally chartered credit union has acted in violation of the laws of the District or has engaged in an unsafe or unsound conduct, the Commission shall notify the appropriate federal financial institutions agency and the United States Attorney General.  (June 9, 2001, D.C. Law 13-308, § 114, 48 DCR 3244.)
DC Code § 26-551.15 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter IV - Investigation, Examination, and Enforcement Powers of the Commissioner|§ 26-551.15. Modification or rescission of orders

The Commissioner may modify or rescind a final order issued under § 26-551.13 after receiving and considering a request from a financial institution, a financial institution’s affiliate or subsidiary, or any other party to the investigatory proceeding, if the Commissioner determines that: (1) It is in the public interest to modify or rescind the final order; and (2) It is reasonable to believe that the financial institution, the financial institution’s affiliate or subsidiary, or the other party to the investigatory proceeding will engage in safe and sound practices and will comply with the District of Columbia Banking Code.  (June 9, 2001, D.C. Law 13-308, § 115, 48 DCR 3244.)