District of Columbia § 47-2505 Note brokers.

District of Columbia Statutes

§ 47-2505 — Note brokers.

District of Columbia § 47-2505

Title 47Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]

Ch. 25Financial Institution, Guaranty Company, and Public Utility Taxes.

This text of District of Columbia § 47-2505 (Note brokers.) 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 § 47-2505 (2026).

Text

Note brokers shall pay a tax of $100 per annum. Every person, firm, company, or association not incorporated (except private banks and bankers) that loans money on promissory notes without real estate or collateral security or advances money on personal property as security without possession of said personal property shall be deemed a note broker; provided, that exception shall be made of cooperative associations whose business is restricted to the members of such association.

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Note brokers shall pay a tax of $100 per annum. Every person, firm, company, or association not incorporated (except private banks and bankers) that loans money on promissory notes without real estate or collateral security or advances money on personal property as security without possession of said personal property shall be deemed a note broker; provided, that exception shall be made of cooperative associations whose business is restricted to the members of such association.