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The DC Code: § 47-2505 Note brokers.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)

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.

Historical and Statutory

Prior Codifications 1981 Ed., § 47-2505. 1973 Ed., § 47-1708. Emergency Act Amendments For temporary (90 day) amendment of section, see § 2302(a) of the Fiscal Year 2001 Budget Support Congressional Review Emergency Act of 2000 (D.C. Act 13- 438, October 6, 2000, 47 DCR 8740). For temporary (90 day) amendment of section, see § 4(c) of the Gallery Place Economic Development Emergency Amendment Act of 2000 (D.C. Act 13-500, December 1, 2000, 48 DCR 562). DC CODE § 47-2505 Current through December 11, 2012

Credits

(July 1, 1902, 32 Stat. 622, ch. 1352, § 6, par. 16; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)