District of Columbia § 28-3309 Council of the District of Columbia authorized to exempt certain loans, and to change rates of interest.

District of Columbia Statutes

§ 28-3309 — Council of the District of Columbia authorized to exempt certain loans, and to change rates of interest.

District of Columbia § 28-3309

Title 28Commercial Instruments and Transactions. [Enacted title]

Ch. 33Interest and Usury.

This text of District of Columbia § 28-3309 (Council of the District of Columbia authorized to exempt certain loans, and to change rates of interest.) 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 § 28-3309 (2026).

Text

The Council of the District of Columbia is authorized from time to time to provide by regulation for (1) the exemption from the provisions of this chapter of any loan or financial transaction, and (2) the change of any interest rate specified in this chapter. The Council is further authorized to amend or repeal any such regulation at any time, but no such amendment or repeal relating to any exemption made under authority of this section shall affect any such loan or financial transaction lawfully made or entered into while such exemption is in effect.

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The Council of the District of Columbia is authorized from time to time to provide by regulation for (1) the exemption from the provisions of this chapter of any loan or financial transaction, and (2) the change of any interest rate specified in this chapter. The Council is further authorized to amend or repeal any such regulation at any time, but no such amendment or repeal relating to any exemption made under authority of this section shall affect any such loan or financial transaction lawfully made or entered into while such exemption is in effect.