A lender shall not charge and retain fees paid by the borrower in making a covered loan which are:
(1) For services that are not actually performed;
(2) For loan discount points which are not bona fide discount points; or
(3) In violation of the Real Estate Procedures Settlement Act of 1974, approved December 22, 1974 (88 Stat. 1724; 12 U.S.C. § 2601 et seq.).
CREDIT(S)
(May 7, 2002, D.C. Law 14-132, § 210, 49 DCR 2551.)
HISTORICAL AND STATUTORY NOTES
Emergency Act Amendments
For temporary (90 day) addition of section, see § 210 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
Legislative History of Laws
For Law 14-132, see notes following § 26-1151.01.