Charges in bad faith

  1. Law
  2. District of Columbia Code
  3. Banks and Other Financial Institutions
  4. Home Loan Protection
  5. Prohibited Practices
  6. Charges in bad faith

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A lender shall not charge and retain fees paid by the borrower in making a covered loan which are:

(1) For services that are not actually performed;

(2) For loan discount points which are not bona fide discount points; or

(3) In violation of the Real Estate Procedures Settlement Act of 1974, approved December 22, 1974 (88 Stat. 1724; 12 U.S.C. § 2601 et seq.).

(May 7, 2002, D.C. Law 14-132, § 210, 49 DCR 2551.)

Emergency Legislation

For temporary (90 day) addition of section, see § 210 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).


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