D.C. Mun. Regs. tit. 16, r. 16-201

Current through Register Vol. 71, No. 37, September 13, 2024
Rule 16-201 - LICENSE REQUIREMENTS
201.1

It shall be unlawful for any person to engage in the District of Columbia in the business of loaning money without first obtaining a money lender's license.

201.2

A Money Lender's License Class A shall authorize the holder of the license to engage in the District of Columbia in the business of loaning money upon which a rate of interest in excess of six percent (6%) per annum is charged or received. The license fee for this license shall be eight hundred dollars ($ 800) per year.

201.3

A Money Lender's License Class B shall authorize the holder of the license to engage in the District of Columbia in the business of loaning money upon which a rate of interest of six percent (6%) per annum or less is charged or received. The license fee for this license shall be three hundred nineteen dollars ($ 319) per year.

D.C. Mun. Regs. tit. 16, r. 16-201