District of Columbia § 26-1152.04 Restriction on financing origination/discount points and fees.

District of Columbia Statutes

§ 26-1152.04 — Restriction on financing origination/discount points and fees.

District of Columbia § 26-1152.04

Title 26Banks and Other Financial Institutions.

Ch. 11AHome Loan Protection.

Subch. IIProhibited Practices.

This text of District of Columbia § 26-1152.04 (Restriction on financing origination/discount points and fees.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 26-1152.04 (2026).

Text

If a lender refinances a loan secured by the same residential real property to the same borrower which was made 18 months or less before the covered loan is made, the same lender shall not finance, directly or indirectly, any portion of the covered loan’s origination/discount points and fees or other fees payable to the lender or any third party in excess of the greatest of 3% of the new covered loan principal amount actually funded, $400, or such amount as the Mayor may establish by regulation, excluding:

(1)Reasonable charges described in 12 C.F.R. § 226.4(c)(7)(i), (iii), (iv), and (v); and

(2)Bona fide loan discount points.

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If a lender refinances a loan secured by the same residential real property to the same borrower which was made 18 months or less before the covered loan is made, the same lender shall not finance, directly or indirectly, any portion of the covered loan’s origination/discount points and fees or other fees payable to the lender or any third party in excess of the greatest of 3% of the new covered loan principal amount actually funded, $400, or such amount as the Mayor may establish by regulation, excluding:

(1) Reasonable charges described in 12 C.F.R. § 226.4(c)(7)(i), (iii), (iv), and (v); and

(2) Bona fide loan discount points.