District of Columbia § 42-2651 Creation.

District of Columbia Statutes

§ 42-2651 — Creation.

District of Columbia·Title 42 Real Property.·Ch. 26A Homeownership Counseling.

(a)The Mayor shall establish within the District government, or cause to be provided through one or more non-government entities pursuant to a contract or contracts with the District of Columbia, a Homeownership Counseling Program (“Program”). The Program shall provide:

(1)Information concerning credit ratings, credit management, and credit counseling;

(2)Warnings regarding predatory lending practices;

(3)Information on how to purchase a home;

(4)Information concerning financial resources available to first-time homebuyers in the District of Columbia;

(5)Information concerning financial planning after purchasing a home; and

(6)A compilation and explanation of all federal and District of Columbia tax provisions and public and private programs providing homeownership

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(a) The Mayor shall establish within the District government, or cause to be provided through one or more non-government entities pursuant to a contract or contracts with the District of Columbia, a Homeownership Counseling Program (“Program”). The Program shall provide:

(1) Information concerning credit ratings, credit management, and credit counseling;

(2) Warnings regarding predatory lending practices;

(3) Information on how to purchase a home;

(4) Information concerning financial resources available to first-time homebuyers in the District of Columbia;

(5) Information concerning financial planning after purchasing a home; and

(6) A compilation and explanation of all federal and District of Columbia tax provisions and public and private programs providing homeownership assistance.

(b) The information required under subsection (a) of this section shall be made available over the Internet and shall be provided to each public library in the District of Columbia.

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