D.C. Mun. Regs. tit. 16, r. 16-111
Current through Register Vol. 72, No. 2, January 10, 2025
Unless otherwise required by law, no seller, as a condition to the extension of credit, shall require a buyer to obtain insurance against loss of or damage to property which is the subject of a sale, or against liability arising out of the ownership or use of the property.
The provisions of § 111.1 shall not apply to transactions where the sales price of the property is one thousand dollars ($ 1,000) or more.
If the sales price of property sold is one thousand dollars ($ 1,000) or more, the amount of loss or damage insurance a seller may require a buyer to obtain, as a condition to the extension of credit to the buyer, shall not exceed the sales price of the property insured.
D.C. Mun. Regs. tit. 16, r. 16-111