D.C. Code § 26-1152.05

Current through codified legislation effective October 30, 2024
Section 26-1152.05 - No encouragement of default

A lender shall not recommend or encourage the borrower to default on an existing loan or other debt prior to and in connection with the closing or planned closing of a covered loan that refinances all or any portion of the existing loan or other debt.

D.C. Code § 26-1152.05

May 7, 2002, D.C. Law 14-132, § 205, 49 DCR 2551.