District of Columbia § 26-912 Exemption of certain loans; severability.

District of Columbia Statutes

§ 26-912 — Exemption of certain loans; severability.

District of Columbia § 26-912

Title 26Banks and Other Financial Institutions.

Ch. 9Money Lenders; Licenses.

This text of District of Columbia § 26-912 (Exemption of certain loans; severability.) 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 § 26-912 (2026).

Text

(a)No provision of this chapter shall apply with respect to any loan, or to the making of any loan:

(1)To any corporation which is unable to plead any statutes against usury in any action;

(2)Repealed;

(3)Secured on real estate located outside of the District of Columbia;

(4)To a borrower residing, doing business, or incorporated outside of the District of Columbia; or

(5)Greater than $25,000.

(b)If any provision of this section or the application thereof to any person or circumstance, is held invalid, the remainder of the section, and the application of such provision to other persons or circumstances shall not be affected thereby.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) No provision of this chapter shall apply with respect to any loan, or to the making of any loan:

(1) To any corporation which is unable to plead any statutes against usury in any action;

(2) Repealed;

(3) Secured on real estate located outside of the District of Columbia;

(4) To a borrower residing, doing business, or incorporated outside of the District of Columbia; or

(5) Greater than $25,000.

(b) If any provision of this section or the application thereof to any person or circumstance, is held invalid, the remainder of the section, and the application of such provision to other persons or circumstances shall not be affected thereby.