reglab/housing_qa huggingface dataset:
DC Code § 26-638 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 6A - International Banking|§ 26-638. Assets to be held in the District of Columbia

(a) Upon and after establishing an international branch or international agency in the District of Columbia, and as may be required under regulations adopted by the Commissioner, an international banking corporation licensed under this chapter shall keep on deposit, with such banks as the international banking corporation may designate and the Commissioner may approve, dollar deposits or other assets, including securities. The Commissioner may from time to time require that the assets deposited under this subsection be maintained by the international banking corporation in such amount, and in such form and subject to such conditions as the Commissioner considers necessary or desirable for the maintenance of a sound financial condition, the protection of depositors and the public interest, and the confidence in the business of each branch or agency. (b) An international banking corporation shall hold in the District of Columbia currency or such other assets as the Commissioner shall, by regulation, permit, in an amount which shall be a percentage, determined by the Commissioner by order or regulation, of the liabilities of the international banking corporation. As used in this subsection, the term “liabilities” means liabilities appearing on the books, accounts, or records of an international banking corporation’s international agencies and international branches in the District of Columbia as liabilities, including acceptances and such other items as the Commissioner shall determine, but excluding amounts due, and other liabilities, to other offices, agencies, or branches of, and affiliates of, the international banking corporation. For purposes of this subsection, the Commissioner (1) shall value marketable securities at the lower of their principal amount or market value, (2) may determine the value of a nonmarketable bond, note, debenture, draft, bill of exchange, other evidence of indebtedness, or of any other asset or obligation held by, or owed to, the international banking corporation or its agencies or branches within the District of Columbia, and (3) in determining the ratio of assets to liabilities, may exclude, in whole or in part, any particular asset. If, by reason of the existence or potential occurrence of unusual and extraordinary circumstances, the Commissioner considers it necessary or desirable for the maintenance of a sound financial condition, the protection of depositors, creditors, and the public interest, and to maintain public confidence in the business of an international agency or international branch of an international banking corporation in the District of Columbia, the Commissioner may, subject to such terms and conditions as the Commissioner may prescribe, require the international banking corporation to deposit the assets required to be held in the District of Columbia under this subsection with such banks as the Commissioner may designate.  (Apr. 3, 2001, D.C. Law 13-268, § 9, 48 DCR 1251.)
DC Code § 26-639 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 6A - International Banking|§ 26-639. Financial certification; restrictions on investments, loans, and acceptances

(a) Before opening an office in the District of Columbia, and annually thereafter so long as a banking office is maintained in the District of Columbia, an international banking corporation licensed under this chapter shall certify to the Commissioner the amount of its paid-in capital, its surplus, and its undivided profits, each expressed in the currency of the country of its organization. The dollar equivalent of this amount, as determined by the Commissioner, shall be considered to be the amount of its capital, surplus, and undivided profits. (b)(1) The Commissioner shall, by regulation, prescribe the limits of drafts or bills of exchange which an international agency or branch may accept relative to the capital account of the international banking corporation. The limits shall take into account all transactions which are included and excluded in computing the lending limit for acceptances of a federal international bank office. (2) Except to the extent they are inconsistent with this chapter, the provisions of the District of Columbia Banking Code shall apply to the loans and investments made by an international bank agency or international branch of the international banking corporation. With respect to an international banking corporation and its international bank agencies or international branches, a reference in those provisions to capital, capital account, or similar terms shall refer to the capital account of the international banking corporation, and, except when used with reference to the capital account, a reference in those provisions to the term “bank” shall refer to the international agencies and branches of the international banking corporation which are licensed in the District of Columbia. (3) Any limitation in this chapter based on the capital account of an international banking corporation shall refer, with respect to an international agency or international branch in the District of Columbia, to the dollar equivalent of the capital account of the international banking corporation, as determined by the Commissioner. If the international banking corporation has more than one international agency or international branch in the District of Columbia, the business transacted by all agencies or branches shall be aggregated in determining compliance with a limitation or restriction.  (Apr. 3, 2001, D.C. Law 13-268, § 10, 48 DCR 1251.)
DC Code § 26-643 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 6A - International Banking|§ 26-643. Commissioner’s powers; regulations

(a) The Commissioner shall have all of the powers granted to the Commissioner under the District of Columbia Banking Code to the extent appropriate to enable the Commissioner to supervise an international banking corporation office of an international banking corporation holding a license to maintain the office. (b) The Commissioner may promulgate, in addition to, and not inconsistent with, this chapter, general rules, regulations, and definitions and specific rulings, demands, and findings as the Commissioner may consider necessary for the proper conduct of the business authorized and licensed under, and for the enforcement of, this chapter.  (Apr. 3, 2001, D.C. Law 13-268, § 14, 48 DCR 1251.)  Cross References Banks and other financial institutions, reporting to Superintendent of Banking and Financial Institutions, see § 26-1308. Editor's Notes Because of the enactment by D.C. Law 11-142 of subchapter II of Chapter 8 of Title 26 subchapter II of Chapter 7 of Title 26, 2001 Ed., the preexisting text was designated as subchapter I.
DC Code § 26-801 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 8 - Joint Accounts; Adverse Claimants; Trust Accounts|§ 26-801. Deposits or shares of stock in names of 2 or more persons; payments or deliveries; liability of bank

Except as provided in §§ 19-602.21 to 19-602.26, when a deposit shall have been made in, or shall after May 15, 1928, be made in, or any collection item shall have been placed or shall after May 15, 1928, be placed with any bank, trust company, savings bank, building association, or other banking institution, including national banks, transacting business in the District of Columbia, or when any shares of stock shall have been issued or shall after May 15, 1928, be issued by any building association, transacting business in the District of Columbia, in the names of 2 or more persons, including spouses or domestic partners, payable to either, or payable to either or the survivor or survivors, such deposit, or in any part thereof, or any interest or dividend thereon, and such collection item or its proceeds, or any interest or dividend thereon, or such shares of stock issued by a building association or any interest or dividend thereon, may be paid or delivered to either of said persons whether the other or others be living or not; and the receipt or acquittance of the person to whom such payment or delivery is made shall be a valid, sufficient, and complete release and discharge of the bank, trust company, savings bank, building association, or other banking institution, including national banks, for any payment or delivery so made. For the purposes of this section, the term “domestic partner” shall have the same meaning as provided in § 32-701(3).  (May 15, 1928, 45 Stat. 533, ch. 568, § 1; Apr. 27, 2001, D.C. Law 13-292, § 303, 48 DCR 2087; Sept. 12, 2008, D.C. Law 17-231, § 25(a), 55 DCR 6758.)  Prior Codifications 1981 Ed., § 26-201. 1973 Ed., § 26-201. Section References This section is referenced in § 26-710. Effect of Amendments D.C. Law 13-292 substituted “Except as provided in §§ 19-602.21 to 19-602.26, when” for “When”. D.C. Law 17-231 substituted “spouses or domestic partners” for “husband and wife”; and added “For the purposes of this section, the term ‘domestic partner’ shall have the same meaning as provided in § 32-701(3).”
DC Code § 26-802 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 8 - Joint Accounts; Adverse Claimants; Trust Accounts|§ 26-802. Property in boxes, vaults or held for safekeeping for 2 or more persons; right of access or delivery; liability of bank

When a safety deposit box or vault shall have been hired from any bank, trust company, savings bank, building association, or other banking institution, including national banks, or any other corporation, transacting business in the District of Columbia, in the names of 2 or more persons, including spouses or domestic partners, with the right of access being given to either, or with access to either or the survivor or survivors of said persons, or property is held for safekeeping by any such bank, trust company, savings bank, building association, or other corporation or banking institution, including national banks, for 2 or more persons, including spouses or domestic partners, with the right of delivery being given to either, or with the right of delivery to either or the survivor or survivors of said persons, any one or more of such persons, whether the other or others be living or not, shall have the right of access to such safety deposit box or vault and to remove the contents thereof, or any part of such contents, or to have delivered to him or them, the property so held for safekeeping, or any part thereof, and in case of such removal or delivery the said bank, trust company, savings bank, building association, or other corporation or banking institution, including national banks, shall be exempt from any liability for permitting such access or removal or for the delivery to such person or persons. For the purposes of this section, the term “domestic partner” shall have the same meaning as provided in § 32-701(3).  (May 15, 1928, 45 Stat. 534, ch. 568, § 2; Sept. 12, 2008, D.C. Law 17-231,§ 25(b), 55 DCR 6758.)  Prior Codifications 1981 Ed., § 26-202. 1973 Ed., § 26-202. Section References This section is referenced in § 26-710. Effect of Amendments D.C. Law 17-231 substituted “spouses or domestic partners” for “husband and wife”; and added “For the purposes of this section, the term ‘domestic partner’ shall have the same meaning as provided in § 32-701(3).”
DC Code § 26-803 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 8 - Joint Accounts; Adverse Claimants; Trust Accounts|§ 26-803. Notice of adverse claim to deposit

Notice to any bank or trust company doing business in the District of Columbia of an adverse claim to a deposit standing on its books to the credit of any person shall not be effectual to cause said bank or trust company to recognize said adverse claimant unless said adverse claimant shall also either: (1) procure a restraining order, injunction, or other appropriate process against said bank or trust company from a court of competent jurisdiction in a cause therein instituted by him wherein the person to whose credit the deposit stands is made a party and served with summons; or (2) execute to such bank or trust company, in form and with sureties acceptable to it, a bond indemnifying said bank or trust company from any and all liability, loss, damage, costs, and expenses, for and on account of the payment of such adverse claim or the dishonor of the check or other order of the person to whose credit the deposit stands on the books of said bank or trust company; provided, that this section shall not apply to any instance where the person to whose credit the deposit stands is a fiduciary for such adverse claimant, and the facts constituting such relationship, together with the facts showing reasonable cause of belief on the part of the said claimant that the said fiduciary is about to misappropriate said deposit, are made to appear by the affidavit of such claimant.  (Apr. 5, 1939, 53 Stat. 566, ch. 37, § 2.)  Prior Codifications 1981 Ed., § 26-203. 1973 Ed., § 26-203. Section References This section is referenced in § 26-710.
DC Code § 26-804 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 8 - Joint Accounts; Adverse Claimants; Trust Accounts|§ 26-804. Payment of trust accounts on death of trustee

Whenever a deposit, savings account, or share account, which is in form in trust for another, shall be made or held by any person in any bank, trust company, savings and loan association, building association, building and loan association, or federal savings and loan association, doing business in the District of Columbia, and no other or further notice of the existence and terms of a legal and valid trust shall have been given in writing to such bank, trust company, or other association, such deposit, savings account, or share account, or any part thereof, together with the dividends, or interest thereon, may, in the event of the death of the trustee, be paid to the person for whom such deposit, savings account, or share account was made or held, or to his legal representative.  (Apr. 5, 1939, 53 Stat. 567, ch. 37, § 4; July 19, 1954, 68 Stat. 494, ch. 545, § 1.)  Prior Codifications 1981 Ed., § 26-204. 1973 Ed., § 26-204. Section References This section is referenced in § 26-710.
DC Code § 26-904 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 9 - Money Lenders; Licenses|§ 26-904. Register to be kept; contents; inspection; annual statements

Every person, firm, voluntary association, joint-stock company, incorporated society, or corporation conducting such business shall keep a register, approved by said Mayor, showing in English, the amount of money loaned, the date when loaned and when due, the person to whom loaned, the property or thing named as security for the loan, where the same is located and in whose possession, the amount of interest, all fees, commissions, charges, and renewals charged, under whatever name. Such register shall be open for inspection to the said Mayor, his officers and agents, on every day, except Sundays and legal holidays, between the hours of 9:00 in the forenoon and 5:00 in the afternoon. Every such person, firm, voluntary association, joint-stock company, incorporated society, or corporation conducting such business shall, on or before the 20th day of January of each year, make to the said Mayor an annual statement in the form of a trial balance of its books on the 31st day of December in each year, specifying the different kinds of its liabilities and the different kinds of its assets, stating the amount of each, together with such other information as may be called for.  (Feb. 4, 1913, 37 Stat. 658, ch. 26, § 4.)  Prior Codifications 1981 Ed., § 26-704. 1973 Ed., § 26-604. 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 401 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 a single Commissioner. 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 § 26-905 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 9 - Money Lenders; Licenses|§ 26-905. Maximum rate of interest; fees and charges covered; deduction from principal prohibited; statement and receipts furnished borrower; amount of loans; violations

No such person, firm, voluntary association, joint-stock company, incorporated society, or corporation shall charge or receive a greater rate of interest upon any loan made by him or it that exceeds the lawful rate in the District of Columbia set by Chapter 33 of Title 28 on the actual amount of the loan, and this charge shall cover all fees, expenses, demands, and services of every character, including notarial and recording fees and charges, except upon the foreclosure of the security. The foregoing interest shall not be deducted from the principal of loan when same is made. Every such person, firm, voluntary association, joint-stock company, incorporated society, or corporation conducting such business shall furnish the borrower a written, typewritten, or printed statement at the time the loan is made, showing, in English, in clear and distinct terms, the amount of the loan, the date when loaned and when due, the person to whom the loan is made, the name of the lender, the amount of interest charged, and the lender shall give the borrower a plain and complete receipt for all payments made on account of the loan at the time such payments are made. No such loan greater than $200 shall be made to any 1 person; provided, that any person contracting, directly or indirectly, for, or receiving a greater rate of interest than that fixed in this chapter, shall forfeit all interest so contracted for or received; and in addition thereto shall forfeit to the borrower a sum of money, to be deducted from the amount due for principal, equal to one-fourth of the principal sum; and provided further, that any person in the employ of the government who shall loan money in violation of the provisions of this chapter shall forfeit his office or position, and be removed from the same.  (Feb. 4, 1913, 37 Stat. 659, ch. 26, § 5; Feb. 24, 1987, D.C. Law 6-188, § 2(a), 33 DCR 7687.)  Prior Codifications 1981 Ed., § 26-705. 1973 Ed., § 26-605.
DC Code § 26-906 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 9 - Money Lenders; Licenses|§ 26-906. Complaints; investigation; suspension, revocation, or denial of license

Any complaint against a licensee or applicant shall be made in writing to the Mayor and the Mayor, on the basis of a written complaint or his or her initiative, may conduct an investigation. Pursuant to the investigation, the Mayor may suspend, revoke, or deny a license to any applicant or licensee who violates the provisions of this chapter. Before suspending, revoking, or denying a license, the Mayor shall notify the applicant or licensee of his or her right to a hearing pursuant to § 2-509.  (Feb. 4, 1913, 37 Stat. 659, ch. 26, § 6; Feb. 24, 1987, D.C. Law 6-188, § 2(b), 33 DCR 7687.)  Prior Codifications 1981 Ed., § 26-706. 1973 Ed., § 26-606.
DC Code § 26-907 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 9 - Money Lenders; Licenses|§ 26-907. Violations

(a) A person violating any provision of this chapter shall, upon conviction, be fined $300, imprisoned for not less than 30 days or more than 90 days, or both. In addition, the court may order any person violating this chapter to make restitution for the value of property illegally obtained as a result of the violation. Prosecutions for violations of this chapter or any rules issued pursuant to this chapter shall be conducted in the Superior Court of the District of Columbia by the Corporation Counsel or any of his or her assistants in the name of the District of Columbia. (b) Civil fines, penalties, and fees may be imposed as alternative sanctions for any infraction of the provisions of this chapter, or any rules or regulations issued under the authority of this chapter, pursuant to Chapter 18 of Title 2. Adjudication of any infraction of this chapter shall be pursuant to Chapter 18 of Title 2.  (Feb. 4, 1913, 37 Stat. 659, ch. 26, § 7; Oct. 5, 1985, D.C. Law 6-42, § 466, 32 DCR 4450; Feb. 24, 1987, D.C. Law 6-188, § 2(c), 33 DCR 7687; Mar. 8, 1991, D.C. Law 8-237, § 5, 38 DCR 314.)  Prior Codifications 1981 Ed., § 26-707. 1973 Ed., § 26-607.
DC Code § 26-908 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 9 - Money Lenders; Licenses|§ 26-908. Fees allowed on foreclosure

In any foreclosure on any loan made under this chapter no charges for attorneys’ or agents’ fees shall be made or collected which will exceed 10% of the amount found due in such foreclosure proceedings.  (Feb. 4, 1913, 37 Stat. 660, ch. 26, § 8.)  Prior Codifications 1981 Ed., § 26-708. 1973 Ed., § 26-608.
DC Code § 26-909 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 9 - Money Lenders; Licenses|§ 26-909. Penalty provisions in contracts prohibited

In any contract made in pursuance of the provisions of this chapter it shall be unlawful to incorporate any provision for liquidated or other damages as a penalty for any default or forfeiture thereunder.  (Feb. 4, 1913, 37 Stat. 660, ch. 26, § 9.)  Prior Codifications 1981 Ed., § 26-709. 1973 Ed., § 26-609.
DC Code § 26-911 (2021)
2021 District of Columbia Code|Title 26 - Banks and Other Financial Institutions|Chapter 9 - Money Lenders; Licenses|§ 26-911. Enforcement; rules and regulations

The enforcement of this chapter shall be intrusted to the Mayor of the District of Columbia, and the Council of the District of Columbia is hereby authorized and empowered to make all rules and regulations necessary in its judgment for the conduct of such business and the enforcement of this chapter in addition hereto and not inconsistent herewith.  (Feb. 4, 1913, 37 Stat. 660, ch. 26, § 11.)  Prior Codifications 1981 Ed., § 26-711. 1973 Ed., § 26-611. 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(224) 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.