The DC Code: 26 Banks and Other Financial Institutions
- 26-101: Supervision by Comptroller of Currency--Required reports; power to take possession of bank or company.
- 26-102: Supervision by Comptroller of Currency--Examinations; applicable federal provisions; establishment and maintenance of reserves.
- 26-103: Banking businesses to be organized under local or federal provisions; approval of Superintendent of Banking and Financial Institutions required; liquidation of solvent institutions; discontinuance of operation; violations; establishment of international banking facility.
- 26-104: Liability of shareholders--Individual responsibility; applicable federal provisions.
- 26-105: Liability of shareholders--Termination.
- 26-106: Declaration of dividends.
- 26-107: Restriction on use of words "bank" and "trust company"; violations.
- 26-108: Making or repeating false statements. [Repealed]
- 26-109: Applicability of provisions on federal reserve banks to nonmember banks.
- 26-110: Authority of notaries public associated with corporations.
- 26-111: Utility bill payments services.
- 26-131.01: Short title.
- 26-131.02: Definitions.
- 26-131.03: Establishment of an automated teller machine or point-of-sale terminal.
- 26-131.04: Satellite device or point-of-sale terminal.
- 26-131.05: Evaluation of automated teller machine safety.
- 26-131.06: Lighting of automated teller machine area.
- 26-131.07: Automated teller machine surcharge disclosure.
- 26-131.08: Point-of-sale terminal surcharge disclosure.
- 26-131.09: Complaints against an operator of an automated teller machine.
- 26-131.10: Registration of automated teller machines.
- 26-131.11: Record keeping requirements.
- 26-131.12: Penalties.
- 26-131.13: Authority of Commissioner to issue rules and regulations.
- 26-201: Formation; general nature and powers.
- 26-202: Powers as to stock.
- 26-203: Bonus to be paid by late subscribers.
- 26-204: Object; supervision by federal board; strict compliance with provisions required; exception; violations.
- 26-205: [Reserved]
- 26-206: Foreign associations.
- 26-207: Advancements--Payments of premiums.
- 26-208: Advancements--Security.
- 26-209: Advancements--Participation of all shares in profits.
- 26-210: Advancements--Redemption on failure to bid.
- 26-211: Withdrawal by shareholder.
- 26-212: Repayment of advances.
- 26-213: Forfeiture of stock.
- 26-214: Foreclosure of advanced shareholder's security.
- 26-215: Purchase of real property.
- 26-231: Purchase of federal securities.
- 26-232: Exchange of securities or real estate for federal bonds.
- 26-251: Remaining powers, duties, and functions of Comptroller transferred to Superintendent of Banking and Financial Institutions.
- 26-301: Definitions.
- 26-302: Requirement of license.
- 26-303: Exemptions.
- 26-304: Form and contents of application for license.
- 26-305: Application and license fees.
- 26-306: Bond to accompany application for license.
- 26-307: Minimum liquid assets required.
- 26-308: Granting of license; investigations.
- 26-309: Issuance and form of license.
- 26-310: Display of license.
- 26-311: Time and renewal of license.
- 26-311.01: Examinations.
- 26-312: Transferability of license.
- 26-313: Limitation of license.
- 26-314: License for limited station.
- 26-315: Change of location of business or area; other miscellaneous activity.
- 26-316: Revocation and suspension of license.
- 26-317: Limitations on fees for cashing checks.
- 26-318: Books, accounts, and other records of licensee.
- 26-319: Limitations on business.
- 26-320: Formal investigations.
- 26-321: Cease and desist orders.
- 26-322: Authority of Superintendent to issue rules and regulations.
- 26-323: Penalties.
- 26-401: Establishment.
- 26-402: Taxability.
- 26-403: Court accountings.
- 26-404: Uniformity of laws.
- 26-431.01: Short title.
- 26-431.02: Definitions.
- 26-431.03: Community needs obligation.
- 26-431.04: Community development plan requirement.
- 26-431.05: Monitoring compliance with the community development plan.
- 26-431.06: Rating system for community development performance.
- 26-431.07: Examinations in cooperation with other regulators.
- 26-431.08: Authority of Commissioner to issue rules and regulations.
- 26-501: Conversion of District credit unions into federal credit unions -- Procedure.
- 26-502: Conversion of District credit unions into federal credit unions -- Approval; effect thereof.
- 26-503: Conversion of District credit unions into federal credit unions -- Applicability of federal provisions; fees; liquidation of existing loans; bylaws.
- 26-504: Repeal of District of Columbia Credit Unions Act.
- 26-531: Definitions.
- 26-532: Obligations of financial institutions; fees; liability; penalties.
- 26-533: Liability of IV-D agency.
- 26-551.01: Short title.
- 26-551.02: Definitions.
- 26-551.03: Administration of the District of Columbia Banking Code.
- 26-551.04: Appointment of the Commissioner of the Department of Banking and Financial Institutions. [Repealed]
- 26-551.05: General powers and responsibilities of the Commissioner.
- 26-551.06: Establishment of the Financial Institutions Advisory Board.
- 26-551.07: Members of the Financial Institutions Advisory Board; compensation.
- 26-551.08: Organization and operation of the Board.
- 26-551.09: Weight of advice of the Board.
- 26-551.10: Examinations of financial institutions.
- 26-551.11: Reports on financial institutions.
- 26-551.12: Initiation of formal investigation of a financial institution.
- 26-551.13: Notice of charges; hearing; final order.
- 26-551.14: Notification of other government agencies.
- 26-551.15: Modification or rescission of orders.
- 26-551.16: Cease and desist order.
- 26-551.17: Temporary cease and desist order.
- 26-551.18: Confidentiality of information.
- 26-551.19: Enforcement of Department order, subpoena, or notice of charges.
- 26-551.20: Judicial review.
- 26-551.21: Penalty for violation of final order.
- 26-551.22: Prohibition of fraud.
- 26-551.23: Rulemaking.
- 26-551.24: [Reserved]
- 26-551.25: Validity of prior law.
- 26-601: Definitions. [Repealed]
- 26-602: Establishment of special account. [Repealed]
- 26-603: Fees credited to the special account. [Repealed]
- 26-631: Definitions.
- 26-632: Construction of legal and financial terms used in chapter.
- 26-633: Application of the District of Columbia Banking Code.
- 26-634: Requirements for international banking corporation activities.
- 26-635: Scope of license; permissible activities of international banking corporations.
- 26-636: Applications for licenses; approval or disapproval.
- 26-637: Registered office and agent.
- 26-638: Assets to be held in the District of Columbia.
- 26-639: Financial certification; restrictions on investments, loans, and acceptances.
- 26-640: Reports and records.
- 26-641: Examinations; enforcement powers; fees and assessments.
- 26-642: Voluntary dissolutions; involuntary dissolutions and liquidations.
- 26-643: Commissioner's powers; regulations.
- 26-701: Definitions. [Repealed]
- 26-702: Regional bank holding company acquisitions.
- 26-702.01: Duties; Council review of rules
- 26-703: Exceptions.
- 26-704: Review of applications.
- 26-705: Prohibited acts.
- 26-706: Applicable laws, rules, and regulations.
- 26-706.01: Alternative entry by acquisition.
- 26-707: Enforcement.
- 26-707.01: Insurance.
- 26-707.02: Penalties.
- 26-708: Nonseverability. [Repealed]
- 26-709: Review of impact.
- 26-710: Applicability.
- 26-711: Use of women-owned banks.
- 26-712: Administrative procedure; cease and desist orders.
- 26-713: Hearings.
- 26-714: Enforcement.
- 26-731: Findings.
- 26-732: Definitions.
- 26-733: De novo branching or acquisition of a branch into a state other than the District.
- 26-734: Interstate branching by de novo entry or acquisition into the District.
- 26-735: Additional authority of Superintendent regarding establishment and maintenance of branches.
- 26-736: Interstate merger transactions by a District state bank.
- 26-737: Interstate merger transactions by an out-of-state bank with a District bank; retention of branches by resulting bank.
- 26-738: Additional authority of Superintendent regarding interstate merger transactions.
- 26-739: Establishment of agency agreements between affiliated depository institutions.
- 26-740: Enforcement.
- 26-741: Rules.
- 26-801: Deposits or shares of stock in names of 2 or more persons; payments or deliveries; liability of bank.
- 26-802: Property in boxes, vaults or held for safekeeping for 2 or more persons; right of access or delivery; liability of bank.
- 26-803: Notice of adverse claim to deposit.
- 26-804: Payment of trust accounts on death of trustee.
- 26-831.01: Short title.
- 26-831.02: Definitions.
- 26-831.03: Application for merchant bank charter; review and approval or disapproval of application.
- 26-831.04: Issuance of certificate of authority.
- 26-831.05: Revocation or subsequent limitation of certificate of authority.
- 26-831.06: Voluntary termination of certification of authority.
- 26-831.07: Powers of merchant banks; limits on powers.
- 26-831.08: Capital requirements of a merchant bank.
- 26-831.09: Structure and organization of merchant banks.
- 26-831.10: Policies of merchant bank's business activities.
- 26-831.11: Liquidation of merchant banks in general.
- 26-831.12: Commissioner taking possession of merchant banks.
- 26-831.13: Resumption of business by a merchant bank.
- 26-831.14: Appointment of a receiver for a merchant bank.
- 26-831.15: Receiver duties and powers.
- 26-831.16: Lien on property or assets; voidable transfer.
- 26-831.17: Maintenance and disposal of records by receiver.
- 26-831.18: Conservator; appointment; bond and security; qualifications; expenses.
- 26-831.19: Conservator; rights, powers, and privileges.
- 26-831.20: Authority of conservator to borrow money; purpose.
- 26-831.21: Termination of conservatorship.
- 26-831.22: Rules.
- 26-901: Businesses required to procure license and pay tax; appointment of resident agent; service of process or notice.
- 26-902: Applications for license--Contents; grant; notice of filing; protest and hearing; power to reject.
- 26-903: Applications for license--Bond; actions thereon; use of certified copy; renewal and refiling.
- 26-904: Register to be kept; contents; inspection; annual statements.
- 26-905: Maximum rate of interest; fees and charges covered; deduction from principal prohibited; statement and receipts furnished borrower; amount of loans; violations.
- 26-906: Complaints; investigation; suspension, revocation, or denial of license.
- 26-907: Violations.
- 26-908: Fees allowed on foreclosure.
- 26-909: Penalty provisions in contracts prohibited.
- 26-910: Exemption of certain persons and businesses; service of process thereupon.
- 26-911: Enforcement; rules and regulations.
- 26-912: Exemption of certain loans; severability.
- 26-1001: Definitions.
- 26-1002: License required.
- 26-1003: Exemptions.
- 26-1004: License qualifications.
- 26-1005: Permissible investments and statutory trust.
- 26-1006: License application.
- 26-1007: Bond or other security device.
- 26-1008: Application fee.
- 26-1009: Issuance of license.
- 26-1010: Renewal of license and annual report.
- 26-1011: Special reporting requirements.
- 26-1012: Changes in control of a licensee.
- 26-1013: Examinations.
- 26-1014: Maintenance of records.
- 26-1015: Suspension or revocation of licenses.
- 26-1016: Authorized delegate contracts.
- 26-1017: Authorized delegate conduct.
- 26-1018: Revocation or suspension of authorized delegates.
- 26-1019: Licensee liability.
- 26-1020: Hearings and procedures.
- 26-1021: Civil penalties.
- 26-1022: Enforcement.
- 26-1023: Criminal penalties.
- 26-1024: Promulgation of rules.
- 26-1025: Consent to jurisdiction.
- 26-1026: Multiple licenses.
- 26-1027: Receipts.
- 26-1101: Definitions.
- 26-1102: Exemptions.
- 26-1103: License requirements.
- 26-1104: Issuance of license.
- 26-1105: Acquisition of control; application.
- 26-1106: Rejection of license application.
- 26-1107: License expiration and renewal; annual fee.
- 26-1108: Change of place of business.
- 26-1109: Record keeping requirements.
- 26-1110: Annual report.
- 26-1111: Surrender of license.
- 26-1112: Examinations and investigations.
- 26-1113: Required loan disclosures.
- 26-1114: Prohibited practices.
- 26-1115: Escrow accounts.
- 26-1116: Advertising.
- 26-1117: Evasive business tactics.
- 26-1118: Suspension, revocation, and enforcement.
- 26-1119: Hearing procedures.
- 26-1120: Limitation on name of mortgage business.
- 26-1120.01: Confidential information.
- 26-1120.02: Nationwide Mortgage Licensing System and Registry reporting requirements.
- 26-1120.03: Nationwide Mortgage Licensing System and Registry information challenge process.
- 26-1121: Authority of Superintendent to issue rules and regulations.
- 26-1151.01: Definitions.
- 26-1151.02: Federally regulated, supervised, and insured entities and the Federal National Mortgage Association and Federal Home Loan Corporation.
- 26-1152.01: Applicability.
- 26-1152.02: Insufficient repayment ability.
- 26-1152.03: Restrictions on the financing of single-premium credit insurance.
- 26-1152.04: Restriction on financing origination/discount points and fees.
- 26-1152.05: No encouragement of default.
- 26-1152.06: Unfair steering or improper use of credit scores.
- 26-1152.07: Failing to report favorable payment record.
- 26-1152.08: Home improvement contracts.
- 26-1152.09: No increase in interest rate upon default.
- 26-1152.10: Charges in bad faith.
- 26-1152.11: Failure to timely send disclosure notice.
- 26-1152.12: Prepayment premium, fee or charge.
- 26-1152.13: Limitations on balloon payments.
- 26-1152.14: No call provision.
- 26-1152.15: No negative amortization.
- 26-1152.16: No advance payments.
- 26-1152.17: No advance waivers.
- 26-1152.18: No oppressive mandatory arbitration clause.
- 26-1152.19: Homeownership counseling.
- 26-1152.20: Broker licensor.
- 26-1152.21: Filing requirements.
- 26-1152.22: Suspect settlement service providers.
- 26-1152.23: Median family income.
- 26-1153.01: Violations and remedies.
- 26-1153.02: Enforcement.
- 26-1153.03: Administrative penalties.
- 26-1153.04: Final decision.
- 26-1153.05: Assignee liability.
- 26-1154.01: Rulemaking authority.
- 26-1155.01: Applicability.
- 26-1201: Definitions.
- 26-1202: Authorization of regional acquisitions.
- 26-1203: Authorization of regional branches.
- 26-1204: Conditions for regional acquisitions and regional branches.
- 26-1205: Authorization of nonregional acquisitions.
- 26-1206: Review of applications.
- 26-1207: Prohibitions.
- 26-1208: District status.
- 26-1209: Rules.
- 26-1210: Continued operations of existing associations and savings and loan holding companies.
- 26-1211: Status after conversion.
- 26-1212: Insurance.
- 26-1213: Federal exclusion.
- 26-1214: Cooperative agreements and examinations.
- 26-1215: Remedies.
- 26-1216: Registered agent.
- 26-1217: Use of minority-owned savings and loan associations.
- 26-1301: Manner of formation; purposes.
- 26-1302: [Reserved]
- 26-1303: [Reserved]
- 26-1304: Organization certificate; execution; contents.
- 26-1305: Charter of incorporation--Power of Council to grant or refuse.
- 26-1306: Charter of incorporation--Notice of application.
- 26-1307: Charter of incorporation--Recording; certificate to be obtained from Superintendent of Banking and Financial Institutions.
- 26-1308: Reports to Superintendent of Banking and Financial Institutions.
- 26-1309: Powers of companies; liability as trustee.
- 26-1310: Appointment as fiduciary.
- 26-1311: Oath as fiduciary.
- 26-1311.01: Automatic substitution of fiduciaries.
- 26-1312: Stock, property, and liability to be security when fiduciary.
- 26-1313: Existing companies; certificate of intention to comply with provisions.
- 26-1314: Real property held and conveyed by companies.
- 26-1315: Duration of charter.
- 26-1316: Capital stock--Amount; payment; deposit with Superintendent of Banking and Financial Institutions.
- 26-1317: Capital stock--Calls; sale on failure to pay money subscribed.
- 26-1318: Annual reports--Publication; contents; verification.
- 26-1319: Annual reports--Liability of directors or trustees.
- 26-1320: Wilful false swearing; misappropriation.
- 26-1321: Stock deemed personal estate; transfer; contents of certificates.
- 26-1322: Liability of stockholders.
- 26-1323: Payment of stock to be in money only; exception.
- 26-1324: Election of, and management of company by, directors or trustees.
- 26-1325: Officers; security authorized.
- 26-1326: Power to make bylaws; purposes thereof.
- 26-1327: Liability of directors or trustees on declaration of dividends-- Conditions.
- 26-1328: Liability of directors or trustees on declaration of dividends-- Exemption.
- 26-1329: Directors or trustees personally liable when liabilities exceed assets.
- 26-1330: Fiduciary not liable as stockholder; liability of estate and funds.
- 26-1331: Increase or decrease of capital stock.
- 26-1332: Copy of certificate as evidence.
- 26-1333: Security required for performance of fiduciary duties; liability thereon.
- 26-1334: Powers of probate court.
- 26-1335: Compliance required of foreign corporations or companies.
- 26-1336: Right of Congress to amend or repeal chapter; remedies preserved.
- 26-1351: Existing title insurance companies may become perpetual.
- 26-1352: Trust companies to have perpetual succession.
- 26-1401.01: Short title.
- 26-1401.02: Definitions.
- 26-1401.03: Application to be certified as a universal bank; review and approval or disapproval of application.
- 26-1401.04: Issuance of certificate of authority.
- 26-1401.05: Revocation or subsequent limitation of certificate of authority.
- 26-1401.06: Voluntary termination of certification.
- 26-1401.07: Preexisting powers of universal banks.
- 26-1401.08: Parity of powers of universal bank.
- 26-1401.09: Specific powers of universal banks.
- 26-1401.10: Necessary or convenient powers.
- 26-1401.11: Reasonably related and incidental activities.
- 26-1401.12: Limitations on loan power of universal banks.
- 26-1401.13: Limitations on investment powers of universal bank.
- 26-1401.14: Exceptions to limitations on investment powers of universal banks.
- 26-1401.15: Limits on insurance and securities powers of universal banks.
- 26-1401.16: Liquidation of universal banks in general.
- 26-1401.17: Commissioner taking possession of universal banks.
- 26-1401.18: Resumption of business by a universal bank.
- 26-1401.19: Appointment of a receiver for a universal bank.
- 26-1401.20: Receiver duties and powers.
- 26-1401.21: Lien on property or assets; voidable transfer.
- 26-1401.22: Maintenance and disposal of records by receiver.
- 26-1401.23: Conservator; appointment; bond and security; qualifications; expenses.
- 26-1401.24: Conservator; rights, powers, and privileges.
- 26-1401.25: Deposits received while universal bank in conservatorship.
- 26-1401.26: Authority of conservator to borrow money; purpose.
- 26-1401.27: Termination of conservatorship.
- 26-1401.28: Articles of incorporation and bylaws.
- 26-1401.29: Acquisitions, mergers and asset purchases.
- 26-1401.30: Fees.
- 26-1401.31: Rulemaking.