District of Columbia Statutes
§ 26-1152.09 — No increase in interest rate upon default.
District of Columbia § 26-1152.09
JurisdictionDistrict of Columbia
Title 26Banks and Other Financial Institutions.
Ch. 11AHome Loan Protection.
Subch. IIProhibited Practices.
This text of District of Columbia § 26-1152.09 (No increase in interest rate upon default.) 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 § 26-1152.09 (2026).
Text
A lender shall not make a covered loan that includes a provision that increases the covered loan’s interest rate upon a default. This section shall not apply to an interest rate increase in adjustable rate covered loans based on a recognized adjustable rate mortgage index and constant margin amount if an event of default or the acceleration of the maturity date of the covered loan does not cause or permit the increase in the interest rate.
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Related
Dawson v. Thomas (In Re Dawson)
411 B.R. 1 (District of Columbia, 2008)
Legislative History
May 7, 2002, D.C. Law 14-132, § 209, 49 DCR 2551
Nearby Sections
15
§ 26-1001
Definitions.§ 26-1002
License required.§ 26-1003
Exemptions.§ 26-1004
License qualifications.§ 26-1006
License application.§ 26-1007
Bond or other security device.§ 26-1008
Application fee.§ 26-1009
Issuance of license.§ 26-1011
Special reporting requirements.§ 26-1012
Changes in control of a licensee.§ 26-1013
Examinations.§ 26-1014
Maintenance of records.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 26-1152.09, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/26-1152.09.