reglab/housing_qa huggingface dataset:
DC Code § 26-551.16 (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|§ 26-551.16. Cease and desist order

(a) The Commissioner may issue and serve upon the financial institution or its affiliate or subsidiary a final cease and desist order if: (1) The party served with the notice of charges fails to appear at the hearing called under § 26-551.13; or (2) The record of the hearing held under § 26-551.13 supports a finding that the violation or unsafe and unsound practice specified in the notice of charges has occurred or reasonably likely to occur. (b) A final cease and desist order may require that a financial institution or a director, officer, trustee, employee, agent, affiliate, or subsidiary of the financial institution: (1) Cease and desist from the violation or unsafe or unsound practice or from any activity that will or may result in a violation or unsafe or unsound practice; (2) Take affirmative action to correct the violation, unsafe or unsound practice, or condition resulting from the violation or unsafe or unsound practice or to avoid a violation or unsafe or unsound practice; or (3) Provide indemnification, reimbursement, restitution, or any other relief that the Commissioner determines is appropriate. (c) A final cease and desist order shall become effective 30 days after the service of the order upon the financial institution or its affiliate or subsidiary; provided, that a final cease and desist order which has been issued upon the consent of the Commissioner and a financial institution or other parties shall become effective upon the date specified in the consent order. (d) A final cease and desist order shall remain in effect until it is stayed, modified, terminated, or set aside by the Commissioner or a court. (e) In addition to, or instead of, issuing a final cease and desist order, the Commissioner may enter into an informal enforcement action, such as a supervisory agreement or memorandum of understanding, with the financial institution.  (June 9, 2001, D.C. Law 13-308, § 116, 48 DCR 3244.)
DC Code § 26-551.17 (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|§ 26-551.17. Temporary cease and desist order

(a) Along with a notice of charges, or after the issuance of a notice of charges, the Commissioner may issue a temporary cease and desist order. (b) The Commissioner may issue a temporary cease and desist order if the Commissioner determines that a violation or unsafe or unsound practice is likely to cause: (1) Insolvency of the financial institution; (2) Substantial dissipation of assets or earnings of the financial institution; (3) Serious weakening of the condition of the financial institution; (4) Serious prejudice to the interests of the depositors or investors of the financial institution or to the general public; or (5) The inability to determine, because of incomplete or inaccurate records, the financial condition of a financial institution or the inability to determine the details or purpose of a transaction that may have a material effect on the financial condition of a financial institution. (c) The temporary cease and desist order may require a financial institution or its affiliate or subsidiary to immediately cease and desist from a violation or unsafe or unsound practice and to take affirmative action to prevent an occurrence set forth in paragraphs (1) through (5) of subsection (b) of this section pending completion of investigatory proceedings under this chapter. If a notice of charges issued under § 26-551.13 states that the books and records of a financial institution are so incomplete or inaccurate that the Commissioner is unable to determine the financial condition of the institution or to ascertain the details or purpose of a transaction, the Commissioner may issue a temporary cease and desist order that requires the financial institution to cease an activity or practice which caused or contributed to the incomplete or inaccurate state of the books or records or take affirmative action to restore the books or records to a complete and accurate state. (d) A temporary cease and desist order shall be effective upon service. (e) A temporary cease and desist order shall remain in effect until: (1) Set aside, limited, or suspended by a court; (2) The completion of the investigatory proceeding initiated by the notice of charges, if the Commissioner dismisses the notice of charges; (3) An order by the Commissioner revoking the temporary cease and desist order; or (4) The issuance of a final cease and desist order.  (June 9, 2001, D.C. Law 13-308, § 117, 48 DCR 3244.)
DC Code § 26-551.18 (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|§ 26-551.18. Confidentiality of information

(a) Except as provided in subsection (b) of this section or as otherwise required by law, the Department and the employees, agents, and contractors of the Departments shall not disclose: (1) The contents of a report or examination of a person by the Department, except as the Commissioner determines is appropriate to disclose in the final order issued under § 26-551.13; (2) Information furnished to, or obtained by, the Department, the disclosure of which the Commissioner determines could endanger the safety and soundness of a financial institution; (3) Personal financial information furnished to, or obtained by the Department, except as the Commissioner determines is appropriate to disclose in the final order issued under § 26-551.13. (b) Notwithstanding subsection (a) of this section, the contents of a report or examination of a person or information, including personal information, furnished to or obtained by the Department may be disclosed: (1) To employees, agents, and contractors of the Department in the performance of the duties of the employee, agent, or contractor; (2) To the directors, officers, and other persons authorized by the board of directors of a financial institution or other entity, if the financial institution or other entity furnished the information to the Department; (3) To authorized and appropriate government agencies; or (4) In accordance with a court order.  (June 9, 2001, D.C. Law 13-308, § 118, 48 DCR 3244.)
DC Code § 26-551.19 (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|§ 26-551.19. Enforcement of Department order, subpoena, or notice of charges

The Commissioner may, through the Corporation Counsel, apply to the Superior Court of the District of Columbia for the enforcement of an effective and outstanding notice of charges, subpoena, final cease and desist order, or temporary cease and desist order. The Superior Court of the District of Columbia may order compliance with the notice of charges, subpoena, final cease and desist order, or temporary cease and desist order.  (June 9, 2001, D.C. Law 13-308, § 119, 48 DCR 3244.)
DC Code § 26-551.20 (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|§ 26-551.20. Judicial review

(a) Within 10 days after service of a temporary cease and desist order, a financial institution or other party named in the temporary cease and desist order may apply to the Superior Court of the District of Columbia for an injunction to set aside, limit, or suspend the order. (b) A final order or a final cease and desist order issued under this chapter shall be reviewable by the Superior Court of the District of Columbia. The review of the final order or the final cease and desist order shall be confined to the record of the hearing conducted under § 26-551.13 and to a determination of whether the Commissioner’s order was arbitrary or capricious. (c) In addition to any temporary cease and desist order, final order. or final cease and desist order issued by the Commissioner pursuant to subsections (a) and (b) of this section, any final order of the Commissioner or final action of the Department shall be subject to review by the Superior Court of the District of Columbia, unless the final order or final agency action is appealable to the District of Columbia Court of Appeals pursuant to § 2-510.  (June 9, 2001, D.C. Law 13-308, § 120, 48 DCR 3244; Nov. 5, 2013, D.C. Law 20-40, § 3, 60 DCR 12304.)  Effect of Amendments The 2013 amendment by D.C. Law 20-40 added subsection (c). Editor's Notes Applicability of D.C. Law 20-40: Section 8 of D.C. Law 20-40 provided that §§ 2 and 3 of the act shall apply as of November 7, 2011.
DC Code § 26-551.21 (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|§ 26-551.21. Penalty for violation of final order

A person who violates an outstanding and effective final order shall be guilty of a misdemeanor and, upon conviction, shall be fined not more than $5,000, imprisoned not more than one year, or both.  (June 9, 2001, D.C. Law 13-308, § 121, 48 DCR 3244.)
DC Code § 26-551.22 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter V - Generally Prohibited Activities|§ 26-551.22. Prohibition of fraud

A financial institution shall not engage in a fraudulent activity or an act against the public interest.  (June 9, 2001, D.C. Law 13-308, § 122, 48 DCR 3244.)
DC Code § 26-551.23 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter VI - Miscellaneous Provisions|§ 26-551.23. Rulemaking

The Commissioner may issue rules implementing this chapter, pursuant to subchapter I of Chapter 5 of Title 2.  (June 9, 2001, D.C. Law 13-308, § 123, 48 DCR 3244.)
DC Code § 26-551.25 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 5B - Administration of the Banking Code|Subchapter VI - Miscellaneous Provisions|§ 26-551.25. Validity of prior law

A decision, order, interpretation, agreement, policy statement, opinion, regulation or rule (“decision”) issued and in effect under a law repealed by this chapter or section 124 of the 21st Century Financial Modernization Act of 2000, effective June 9, 2001 (D.C. Law 13-308; 48 DCR 3244 ), shall continue to be valid until the Commissioner amends or withdraws the decision.  (June 9, 2001, D.C. Law 13-308, § 125, 48 DCR 3244.)
DC Code § 26-701 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-701. Definitions. [Repealed]

Repealed.  (Nov. 23, 1985, D.C. Law 6-63, § 2, 32 DCR 5954; Apr. 11, 1986, D.C. Law 6-107, § 2(a), 33 DCR 1168; Apr. 30, 1988, D.C. Law 7-104, § 27(a), 35 DCR 147; Mar. 16, 1989, D.C. Law 7-187, § 2(a), 35 DCR 8648; Aug. 17, 1991, D.C. Law 9-42, § 2(a), 38 DCR 4981; June 9, 2001, D.C. Law 13-308, § 124, 48 DCR 3244.)  Prior Codifications 1981 Ed., § 26-801. 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.
DC Code § 26-702 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-702. Regional bank holding company acquisitions

(a) A regional bank holding company may acquire a District of Columbia bank holding company or a District of Columbia bank (other than a District of Columbia bank holding company or a District of Columbia bank which is acquired either pursuant to section 13 of the Federal Deposit Insurance Act (12 U.S.C. § 1823(f)), or in the regular course of securing or collecting a debt previously contracted in good faith, as provided in section 3(a) of the Bank Holding Company Act of 1956 (12 U.S.C. § 1842(a)), if each of the following requirements is met: (1) The laws of the state in which the regional bank holding company making the acquisition has its principal place of business permit the regional bank holding company to be acquired by the District of Columbia bank holding company or the District of Columbia bank sought to be acquired. (2) Either the District of Columbia bank sought to be acquired has been in existence and continuously operating for more than 2 years or all of the bank subsidiaries of the District of Columbia bank holding company sought to be acquired have been in existence and continuously operating for more than 2 years. A regional bank holding company may acquire all or substantially all of the shares of a bank organized solely for the purpose of facilitating the acquisition of a bank that has been in existence and continuously operating as a bank for more than 2 years. (3) The acquisition complies with any conditions, restrictions, requirements, or other limitations that would apply to the acquisition by the District of Columbia bank holding company or the District of Columbia bank sought to be acquired of a bank or bank holding company located in the state where the regional bank holding company making the acquisition has its principal place of business, but that would not apply to the acquisition of a bank or bank holding company in the state by a bank holding company, all the bank subsidiaries of which are located in that state. (b) For the purpose of subsection (a)(1) and (3) of this section, a District of Columbia bank shall be treated as if it were a District of Columbia bank holding company.  (Nov. 23, 1985, D.C. Law 6-63, § 3, 32 DCR 5954; Mar. 27, 1993, D.C. Law 9-261, § 2, 40 DCR 1030; Sept. 30, 1993, D.C. Law 10-16, § 2, 40 DCR 5448; May 16, 1995, D.C. Law 10-255, § 20, 41 DCR 5193.)  Prior Codifications 1981 Ed., § 26-802.
DC Code § 26-703 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-703. Exceptions

A District of Columbia bank holding company, a District of Columbia bank, a regional bank holding company, or a regional bank may acquire or control, and shall not cease to be a District of Columbia bank holding company, a District of Columbia bank, a regional bank holding company, or a regional bank, as the case may be, by virtue of its acquisition or control of: (1) A bank having banking offices in a state not within the region, if the bank has been acquired pursuant to the provisions of 12 U.S.C. § 1730a(m) [repealed] or 12 U.S.C. § 1823(f); (2) A bank having banking offices in a state not within the region, if the bank has been acquired in the regular course of securing or collecting a debt previously contracted in good faith, as provided in 12 U.S.C. § 1842(a), and if the bank or bank holding company divests the securities or assets acquired within 2 years of the date of acquisition; or (3) A bank or corporation organized under the laws of the United States or of any state and operating under 12 U.S.C. § 601 or 12 U.S.C. §§ 611-632, or a bank or bank holding company organized under the laws of a foreign country that is principally engaged in business outside the United States and that either has no banking office in the United States or has banking offices in the United States that are engaged only in business activities permissible for a corporation operating under 12 U.S.C. § 601 or 12 U.S.C. §§ 611-632.  (Nov. 23, 1985, D.C. Law 6-63, § 4, 32 DCR 5954; Feb. 5, 1994, D.C. Law 10-68, § 25(b), 40 DCR 6311.)  Prior Codifications 1981 Ed., § 26-803. References in Text “ 12 U.S.C. § 1730a,” referred to in (1), was repealed by Pub. L. 101-73, title IV, § 407, August 9, 1989, 103 Stat. 363.
DC Code § 26-705 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-705. Prohibited acts

(a) Except as otherwise expressly permitted by applicable federal or District law, a bank holding company that is neither a District bank holding company nor a regional bank holding company shall not acquire a District bank holding company or a District bank. (b) Except as otherwise required by applicable federal law, a District bank holding company or a regional bank holding company that ceases to be a District bank holding company or a regional bank holding company shall, as soon as practicable, and, in all events, within 1 year after the event, divest itself of control of all District bank holding companies and all District banks. Divestiture shall not be required if (1) the District bank holding company or the regional bank holding company ceases to be a District bank holding company or a regional bank holding company, as the case may be, because of an increase in the deposits held by bank subsidiaries not located within the region and if the increase is not the result of an acquisition of a bank holding company or bank, or (2) a District bank or District bank holding company ceases to be a District bank or District bank holding company because of an acquisition authorized by this subchapter.  (Nov. 23, 1985, D.C. Law 6-63, § 6, 32 DCR 5954; Apr. 11, 1986, D.C. Law 6-107, § 2(d), 33 DCR 1168.)  Prior Codifications 1981 Ed., § 26-805. 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 (b).
DC Code § 26-706 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-706. Applicable laws, rules, and regulations

Any District of Columbia bank that is controlled by a bank holding company that is not a District of Columbia bank holding company shall be subject to all laws of the District of Columbia and all rules and regulations under those laws that are applicable to District of Columbia banks that are controlled by bank holding companies all the bank subsidiaries of which are District of Columbia banks.  (Nov. 23, 1985, D.C. Law 6-63, § 7, 32 DCR 5954.)  Prior Codifications 1981 Ed., § 26-806.
DC Code § 26-707.01 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-707.01. Insurance

(a) Any bank or trust company established or created pursuant to this subchapter shall be required to be insured with the Federal Deposit Insurance Corporation pursuant to 12 U.S.C. § 1811 et seq. (b) Any savings and loan association established or created pursuant to this subchapter shall be required to be insured with the Federal Savings and Loan Insurance Corporation pursuant to 12 U.S.C. § 1724 et seq. [repealed].  (Nov. 23, 1985, D.C. Law 6-63, § 8a; as added Apr. 11, 1986, D.C. Law 6-107, § 2(g), 33 DCR 1168.)  Prior Codifications 1981 Ed., § 26-807.1. References in Text “ 12 U.S.C. § 1724 et seq.,” referred to in (b), was repealed by Pub. L. 101-73, title IV, § 407, August 9, 1989, 103 Stat. 363. The “Federal Savings and Loan Insurance Corporation”, referred to in (b), has been abolished. For provisions relating to the abolition of the Federal Savings and Loan Insurance Corporation 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. 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 (a) and (b).
DC Code § 26-707.02 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-707.02. Penalties

(a) Any company violating any provision of this subchapter or any rule issued pursuant to it shall be subject to a penalty of not more than $100 per day for each day the violation continues unless a different penalty is specified in this subchapter for the violation, in which case the specified penalty shall apply. Any penalty imposed shall be recovered in a civil action in the name of the District of Columbia. (b) Any company wilfully violating this subchapter or any rule or regulation issued pursuant to this subchapter shall be subject to a penalty of not more than $1,000 a day for each day the violation continues unless a different penalty is specified in this subchapter for the violation, in which case the specified penalty shall apply. (c) The Superintendent [Commissioner of the Department of Insurance, Securities, and Banking] shall report violations to the Corporation Counsel who may institute a civil action therefor on behalf of the District of Columbia. (d) Any applicant that fails to comply with requirements concerning filing with the Superintendent [Commissioner] and the Council prior to filing with the Federal Reserve Board shall be fined $500 per day for each day the violation continues, but in no event shall the fine imposed by this subsection exceed $5,000, except that no fine or penalty under this subsection shall be assessed for failure to comply with this section if the application concerns an acquisition under circumstances constituting an emergency, pursuant to 12 U.S.C. § 1842(b), or where the applicant believes, in good faith, that the application concerns such an acquisition, so long as the applicant, as soon as practicable before or after filing with the Federal Reserve Board, files a copy of the application and any notice of approval or disapproval by the Federal Reserve Board with the Superintendent [Commissioner].  (Nov. 23, 1985, D.C. Law 6-63, § 8b; as added Apr. 11, 1986, D.C. Law 6-107, § 2(h), 33 DCR 1168.)  Prior Codifications 1981 Ed., § 26-807.2. 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” throughout (a) and (b).
DC Code § 26-708 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 7 - Interstate Banking and Branching|Subchapter I - Regional Interstate Banking|§ 26-708. Nonseverability. [Repealed]

Repealed.  (Apr. 11, 1986, D.C. Law 6-107, § 2(i), 33 DCR 1168.)  Prior Codifications 1981 Ed., § 26-808.