District of Columbia Statutes
§ 42-2205 — Repayment of loans.
District of Columbia·Title 42 Real Property.·Ch. 22 Senior Citizens’ Home Repair and Improvement Program Fund.
(a)For each loan issued under this chapter, the Mayor shall arrange a repayment schedule for which the repayment shall not create an economic hardship on the senior citizen homeowner receiving the loan. Loan repayment may be deferred to avoid economic hardship.
(b)The loans granted under this chapter shall be recorded as a lien against the principal place of residence of the applicant.
(c)If the loan is not fully repaid prior to the death of the senior citizen homeowner who accepted a loan under this chapter, the District may collect the unsatisfied amount from the decedent’s estate.
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District of Columbia § 42-2205 (Repayment of loans.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Mar. 24, 1988, D.C. Law 7-96, § 6, 35 DCR 891
Nearby Sections
15
§ 42-1001
“Power” defined.§ 42-1002
General power.§ 42-1003
Special power.§ 42-1004
Beneficial power.§ 42-1009
Right of grantor to reserve power.§ 42-1011
General powers in trust.§ 42-1012
Special powers in trust.