reglab/housing_qa huggingface dataset:
DC Code § 26-1022 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 10 - Money Transmissions|§ 26-1022. Enforcement

(a) The Superintendent [Commissioner] may institute an administrative cease and desist proceeding if the Superintendent [Commissioner] determines that a licensee or person required to have a license under this chapter or an authorized delegate has violated, is violating, or is about to violate any provision of this chapter or any rule, regulation or order imposed by the Superintendent [Commissioner], or written agreement entered into with the Superintendent [Commissioner] pursuant to this chapter. (b)(1) A cease and desist proceeding shall be initiated by the issuance of a notice of charges which shall contain a statement of facts describing the alleged violations. (2) The notice of charges shall set a date, time, and place at which a hearing will be held to determine whether a cease and desist order should be issued against a licensee or person required to have a license. The hearing date shall be no earlier than 30 days and no later than 60 days, after the date of service of the notice, unless otherwise prescribed by the Superintendent [Commissioner] or the hearing officer. (c) A cease and desist order may require the person licensed, or required to be licensed, or authorized delegate to cease and desist the violation. (d) The Superintendent [Commissioner] may issue and serve upon the licensee, or person required to be licensed, or authorized delegate a final cease and desist order if: (1) The licensee or person or authorized delegate agrees to settle the proceeding by consenting to the order as negotiated by the Superintendent [Commissioner], prior to the commencement of the hearing; (2) The licensee or person or authorized delegate served with the notice of charges fails to appear at the hearing, in which case the licensee or person or authorized delegate shall be deemed to have consented to the order as issued; or (3) Substantial evidence in the hearing record supports the determination of the Superintendent [Commissioner] that the violation or violations specified in the notice of charges has transpired. (e) A final cease and desist order shall become effective 10 days after the service of the order in accordance with subsection (d) of this section, except that a final cease and desist order which has been issued upon consent shall become effective upon the date specified in the order. A final cease and desist order shall remain in effect until it is stayed, modified, terminated, or set aside by the Superintendent [Commissioner] or a reviewing court.  (July 18, 2000, D.C. Law 13-140, § 23, 47 DCR 3431.)
DC Code § 26-1023 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 10 - Money Transmissions|§ 26-1023. Criminal penalties

(a) Any person who knowingly and willfully violates any provision of this chapter for which a penalty is not specifically provided shall be guilty of a misdemeanor and, on conviction thereof, shall be fined not more than $5,000, or imprisoned for more than 1 year, or both. (b) Any person who knowingly and willfully makes a material, false statement in any document filed or required to be filed under this chapter with the intent to deceive the recipient of the document shall be guilty of a felony and, on conviction thereof, shall be fined not more than $10,000, or imprisoned for not more than 3 years, or both. (c) Any person who engages in the business of money transmission without a license as provided herein shall be guilty of a felony and, on conviction thereof, shall be fined not more than $25,000, or imprisoned for not more than 5 years, or both.  (July 18, 2000, D.C. Law 13-140, § 24, 47 DCR 3431.)
DC Code § 26-1024 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 10 - Money Transmissions|§ 26-1024. Promulgation of rules

The Superintendent [Commissioner] is authorized to promulgate rules and regulations to implement this chapter.  (July 18, 2000, D.C. Law 13-140, § 25, 47 DCR 3431.)
DC Code § 26-1025 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 10 - Money Transmissions|§ 26-1025. Consent to jurisdiction

Any licensee, authorized delegate, or other person who knowingly engages in business activities that are regulated under this chapter, with or without filing an application, is deemed to have consented to the jurisdiction of the courts of the District of Columbia for all actions arising under this chapter.  (July 18, 2000, D.C. Law 13-140, § 26, 47 DCR 3431.)
DC Code § 26-1026 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 10 - Money Transmissions|§ 26-1026. Multiple licenses

Any person licensed under this chapter shall not be required to obtain a separate license to engage in cashing of checks in the District of Columbia under Chapter 3 of this title.  (July 18, 2000, D.C. Law 13-140, § 27, 47 DCR 3431.)  Emergency Legislation For temporary addition of a new Chapter 13 of Title 26, comprised of §§ 26-1301 through 26-1306 1981 Ed., see § 12(a)-(f) of the Child Support and Welfare Reform Compliance Second Emergency Amendment Act of 1998 (D.C. Act 12-439, November 10, 1998, 45 DCR 6110), § 12(a)-(f) of the Child Support and Welfare Reform Compliance Legislative Review Emergency Amendment Act of 1998 (D.C. Act 12-503, February 2, 1999, 45 DCR 8495), and § 12(a)-(f) of the Child Support and Welfare Reform Compliance Second Congressional Review Emergency Amendment Act of 1998 (D.C. Act 12-600, January 20, 1999, 46 DCR 1239). For temporary (90-day) addition of §§ 26-1301 to 26-1306 1981 Ed., see § 201(a) to (f) of the Child Support and Welfare Reform Compliance Emergency Amendment Act of 1999 (D.C. Act 13-126, August 4, 1999, 46 DCR 6606). For temporary (90-day) addition of §§ 26-1301 to 26-1306 1981 Ed., see § 201(a) to (f) of the Child Support and Welfare Reform Compliance Legislative Review Emergency Amendment Act of 1999 (D.C. Act 13-177, November 2, 1999, 46 DCR 9678). For temporary (90-day) addition of §§ 26-1301 to 26-1306 1981 Ed., see § 201(a) to (f) of the Child Support and Welfare Reform Compliance Congressional Review Emergency Amendment Act of 1999 (D.C. Act 13-241, January 11, 2000, 47 DCR 581). Temporary Legislation Section 13 of D.C. Law 12-210 and § 201 of D.C. Law 13-57 ( 46 DCR 8894) each added sections designated as §§ 26-1301 to 26-1306 1981 Ed., relating to data match requirements for financial institutions. Section 15(b) of D.C. Law 12-210 and § 401(b) of D.C. Law 13-57 each provide that their respective act shall expire after 225 days of its having taken effect. Section 15(b) of D.C. Law 12-210 and § 401(b) of D.C. Law 13-57 each provide that their respective act shall expire after 225 days of having taken effect.
DC Code § 26-1027 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 10 - Money Transmissions|§ 26-1027. Receipts

(a) A licensee who receives money or equivalent value for a money transmission shall provide an itemized receipt to the customer that clearly states the amount of money or the equivalent value presented by the customer for the money transmission and the fees charged by the money transmission licensee. (b) If the licensee fixes, when the money transmission is initiated, the rate of exchange for a money transmission to be paid in the currency of another government, the receipt provided by subsection (a) of this section shall disclose the rate of exchange for the transaction and any limit on the length of time that the payment will be made at that fixed rate of exchange. (c) If a licensee does not fix the rate of exchange for a money transmission to be paid in the currency of another government, the receipt provided under subsection (a) of this section shall disclose that the rate of exchange for the money transmission will be set when the person designated by the customer to receive the money takes possession of the money. (d) For the purposes of this section: (1) Money is deemed to have been transmitted when it is available to the person designated by the customer, whether or not the designated person has taken possession of the money. (2) The term “fees” shall not include revenue that a licensee or its authorized delegate generates, in connection with a money transmission, in converting the money of the government into the money of another government.  (July 18, 2000, D.C. Law 13-140, § 27a; as added Mar. 12, 2011, D.C. Law 18-315, § 3, 57 DCR 12412.)
DC Code § 26-1106 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11 - Mortgage Lenders and Brokers|§ 26-1106. Rejection of license application

(a)(1) If an applicant does not meet the requirements of § 26-1103, the Superintendent [Commissioner] shall: (A) Immediately notify the applicant in writing of this fact; (B) Return the bond filed under § 26-1103; and (C) Refund the license fee. (2) The Superintendent [Commissioner] shall, subject to the appropriations process, keep the investigation fee and application fee. (b) Within 30 days after the Superintendent [Commissioner] denies an application, the Superintendent [Commissioner] shall: (1) Issue a written decision containing the reasons upon which the denial was based; (2) Send a copy of the decision to the applicant; and (3) Advise the applicant of a right to a hearing which shall be held in accordance with subchapter I of Chapter 5 of Title 2. (c)(1) An applicant who seeks a hearing on a license application denial shall file a written request for a hearing within 45 days following receipt of the written decision for denial. (2) A hearing date established in response to the filing of a notice under this subsection may be postponed only once for a period of up to 30 days after the initial hearing date.  (Sept. 9, 1996, D.C. Law 11-155, § 7, 43 DCR 4213.)  Prior Codifications 1981 Ed., § 26-1006.
DC Code § 26-1108 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11 - Mortgage Lenders and Brokers|§ 26-1108. Change of place of business

(a) A licensee may not change the place of business for which a license is issued unless the licensee: (1) Notifies the Superintendent [Commissioner] in writing of the proposed change; and (2) Receives the written consent of the Superintendent [Commissioner]. (b) The application for a change of place of business shall be approved unless the Superintendent [Commissioner] finds that the applicant has not conducted business under this chapter efficiently, fairly, in the public interest, and in accordance with all applicable laws and regulations. (c) Notwithstanding subsection (a)(2) of this section, if the Superintendent [Commissioner] does not approve or disapprove of the proposed change of place of business within 30 days of the mailing of the notice required under subsection (a)(1) of this section, the proposed change of place of business shall be deemed approved. (d) After approval, the applicant for a change of place of business shall give written notice to the Superintendent [Commissioner] within 10 days after the commencement of business at the additional or relocated office. (e) Every licensee shall notify the Superintendent [Commissioner], in writing of the closing of any office not less than 10 days before such closing, and of the name, address, and position of each new principal, officer, member, partner, or director not more than 10 days after such new principal, officer, member, partner, or director assumes such position. Every licensee shall also provide such other information with respect to any such changes as the Superintendent [Commissioner] may reasonably require.  (Sept. 9, 1996, D.C. Law 11-155, § 9, 43 DCR 4213.)  Prior Codifications 1981 Ed., § 26-1008.
DC Code § 26-1109 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11 - Mortgage Lenders and Brokers|§ 26-1109. Record keeping requirements

(a) Each licensee shall keep and make available to the Superintendent [Commissioner] at the licensee’s place of business any books and records that the Superintendent [Commissioner], by rule or regulation, requires to enable the Superintendent [Commissioner] to enforce this chapter and any rule or regulation adopted under this chapter. (b) Each mortgage lender required to be licensed under this chapter shall retain for at least 3 years after final payment is made on any mortgage loan or after the mortgage loan is sold, whichever first occurs, copies of the note, settlement statement, truth-in-lending disclosure, and such other papers or records relating to the loan as may be required by rule or regulation. (c) On approval of the Superintendent [Commissioner], a licensee need not keep at the licensee’s place of business any books and records otherwise required by the Superintendent [Commissioner] under subsection (a) of this section if the licensee: (1) Is a federally approved seller-servicer; or (2)(A) Makes the books and records available to the Superintendent [Commissioner] at the licensee’s place of business within 5 business days of the Superintendent’s [Commissioner’s] official request; and (B) Retains the records for at least 60 months in a storage facility disclosed to the Superintendent [Commissioner]. (d) Each independent contractor or mortgage broker required to be licensed under this chapter shall retain for at least 3 years after a mortgage loan is made the original contract for his or her compensation, a copy of the settlement statement, an account of fees received in connection with the loan, and such other papers or records as may be required by rule or regulation.  (Sept. 9, 1996, D.C. Law 11-155, § 10, 43 DCR 4213; July 18, 2009, D.C. Law 18-38, § 2(f), 56 DCR 4290.)  Prior Codifications 1981 Ed., § 26-1009. Effect of Amendments D.C. Law 18-38, in subsec. (d), substituted “independent contractor or mortgage broker” for “mortgage broker”. Emergency Legislation For temporary (90 day) amendment of section, see § 2(f) 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(f) of Mortgage Lender and Broker Congressional Review Emergency Amendment Act of 2009 (D.C. Act 18-31, March 16, 2009, 56 DCR 2327). Temporary Legislation Section 2(f) of D.C. Law 17-350, in subsec. (d), substituted “independent contractor or mortgage broker” for “mortgage broker”. Section 5(b) of D.C. Law 17-350 provided that the act shall expire after 225 days of its having taken effect.
DC Code § 26-1110 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11 - Mortgage Lenders and Brokers|§ 26-1110. Annual report

(a) Each mortgage lender or mortgage broker required to be licensed under this chapter shall annually, on or before March 31, file a written report with the Superintendent [Commissioner] containing such information as the Superintendent [Commissioner] may require concerning the licensee’s operations during the preceding calendar year as to each licensed place of business. Reports shall be accompanied by a sworn affidavit and in the form prescribed by the Superintendent [Commissioner] who shall make and publish annually an analysis and recapitulation of the reports. (b) Annual reports shall include: (1) The number and total dollar amount of mortgage loans which were originated or purchased by the licensee in the District during each fiscal year for which a valid license is maintained by the licensee; (2) The number and dollar amount of all loans where the applicant filed notices of intent to foreclose in the last year, including the borrower’s: (A) Address; (B) Tract income level; (C) Racial characteristics; and (D) Census tract where the property is located; and (3) The number of loans brokered, originated, made, and serviced under Chapter 11A of this title. (c) Any information relating to mortgage loans required to be maintained under subsection (b) of this section shall be itemized in order to disclose for each such item: (1) The number and dollar amount of mortgage loans made to mortgagors who did not, at the time of execution of the mortgage, intend to reside in the property securing the mortgage; and (2) The number and dollar amount of mortgage loans and completed application involving mortgagors or mortgage applicants grouped according to census tract, income level, racial characteristics and gender.  (Sept. 9, 1996, D.C. Law 11-155, § 11, 43 DCR 4213; May 7, 2002, D.C. Law 14-132, § 601(a)(2), 49 DCR 2551).)  Prior Codifications 1981 Ed., § 26-1010. Effect of Amendments D.C. Law 14-132 made nonsubstantive changes in subsecs. (b)(1) and (b)(2)(D); and added subsec. (b)(3). Emergency Legislation For temporary (90 day) amendment of section, see § 601(a)(2) of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
DC Code § 26-1111 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11 - Mortgage Lenders and Brokers|§ 26-1111. Surrender of license

(a) A licensee may surrender a license by sending to the Superintendent [Commissioner] the license and a written statement that the license is surrendered. (b) The surrender of a license does not affect any civil or criminal liability of a licensee for acts committed before the license was surrendered.  (Sept. 9, 1996, D.C. Law 11-155, § 12, 43 DCR 4213.)  Prior Codifications 1981 Ed., § 26-1011.
DC Code § 26-1115 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11 - Mortgage Lenders and Brokers|§ 26-1115. Escrow accounts

(a) All moneys required by a mortgage lender to be paid by borrowers in escrow to defray future taxes or insurance premiums, or for other lawful purposes, shall be kept in accounts segregated from accounts of the mortgage lender, and shall not be commingled with other funds of the mortgage lender. (b) No licensed mortgage lender shall require any borrower who, on the date of execution of the loan or financial transaction, has made a down payment equaling 20% or more of the total purchase price of the property or who has an equity interest in the property equal to, or greater than, 20% of the fair market value of the property, to make advance payments of the real estate taxes or casualty insurance premiums to enable the mortgage lender to have funds on hand for disbursement for payment of such taxes or insurance premiums. Licensed mortgage lenders shall provide such borrowers with a separate statement, in writing, which clearly and conspicuously sets forth the right to pay such taxes and insurance premiums directly. Nothing contained in this subsection shall be construed to prohibit a licensed mortgage lender from obtaining, during any period during which the loan is in default and in consideration for the lender not exercising some or all of the remedies to which it is entitled, a written agreement from the borrower to make such advance payments to enable the mortgage lender to have funds on hand for disbursement from payment of such taxes or insurance premiums. (c) No licensed mortgage lender shall require any borrower to pay any money in escrow to defray future taxes and insurance premiums, or for any other purposes, in connection with a subordinate mortgage loan, except where escrows for such purposes are not being maintained in connection with the mortgage loan superior to such subordinate mortgage loans.  (Sept. 9, 1996, D.C. Law 11-155, § 16, 43 DCR 4213.)  Prior Codifications 1981 Ed., § 26-1015.
DC Code § 26-1116 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11 - Mortgage Lenders and Brokers|§ 26-1116. Advertising

No mortgage lender, mortgage broker, mortgage loan originator, or loan officer required to be licensed under this chapter shall use, or cause to be published, any advertisement which: (1) Contains any false, misleading, or deceptive statement or representation; or (2) Identifies the mortgage lender, mortgage broker, mortgage loan originator, or loan officer by any name other than the name set forth on the license issued by the Superintendent [Commissioner].  (Sept. 9, 1996, D.C. Law 11-155, § 17, 43 DCR 4213; July 18, 2009, D.C. Law 18-38, § 2(j), 56 DCR 4290.)  Prior Codifications 1981 Ed., § 26-1016. Effect of Amendments D.C. Law 18-38, in the introductory language, substituted “mortgage lender, mortgage broker, mortgage loan originator, or loan officer” for “mortgage lender or mortgage broker”; and, in par. (2), substituted “mortgage lender, mortgage broker, mortgage loan originator, or loan officer” for “lender or broker”. Emergency Legislation For temporary (90 day) amendment of section, see § 2(j) 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(j) of Mortgage Lender and Broker Congressional Review Emergency Amendment Act of 2009 (D.C. Act 18-31, March 16, 2009, 56 DCR 2327). Temporary Legislation Section 2(j) of D.C. Law 17-350, in the lead-in text, substituted “mortgage lender, mortgage broker, mortgage loan originator, or loan officer” for “mortgage lender or mortgage broker”; and, in par. (2), substituted “mortgage lender, mortgage broker, mortgage loan originator, or loan officer” for “lender or broker”. Section 5(b) of D.C. Law 17-350 provided that the act shall expire after 225 days of its having taken effect. Editor's Notes Section 3 of D.C. Law 18-38 provided: “Sec. 3. Applicability. Except for section 2(c)(1), (g), (j), and (o), this act shall not apply until the Commissioner of the Department of Insurance, Securities, and Banking has promulgated rules implementing this act.”
DC Code § 26-1117 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 11 - Mortgage Lenders and Brokers|§ 26-1117. Evasive business tactics

(a) If the Commissioner finds that the conduct of any other business conceals a violation or evasion of this chapter, any rule or regulation adopted under this chapter, or any law regulating mortgage loan lending in the District, the Commissioner may issue a written order to a licensee or person required to be licensed under this chapter to: (1) Stop doing business at any place in which the other business is conducted or solicited; or (2) Stop doing business in association or conjunction with the other business. (b) A licensee or person required to be licensed under this chapter who violates an order of the Commissioner issued under this section shall be subject to the penalties provided by § 26-1118. (c) The Commissioner may request the Attorney General of the District of Columbia to take appropriate action for the enforcement of an order issued under this section.  (Sept. 9, 1996, D.C. Law 11-155, § 18, 43 DCR 4213; July 18, 2009, D.C. Law 18-38, § 2(k), 56 DCR 4290.)  Prior Codifications 1981 Ed., § 26-1017. Section References This section is referenced in § 26-1119. Effect of Amendments D.C. Law 18-38 substituted “Commissioner” for “Superintendent”; in subsecs. (a) and (b), substituted “licensee or person required to be licensed under this chapter” for “licensee”; and, in subsec. (c), substituted “Attorney General” for “Corporation Counsel”.