D.C. Mun. Regs. tit. 26, r. 26-C1107
For purposes of this section, references in the Nationwide Mortgage Licensing System and Registry to the terms "net worth" and "capital" are interchangeable
A mortgage lender shall demonstrate and maintain capital of not less than two hundred thousand dollars ($200,000) per licensed location; a mortgage broker shall demonstrate and maintain capital of not less than twenty-five thousand dollars ($25,000) per licensed location. A mortgage dual authority licensee shall demonstrate and maintain capital of not less than two hundred and twenty-five thousand dollars ($225,000) per licensed dual authority location. Higher levels of capital may be required pursuant to section 1107.3.
Where the Commissioner reasonably determines, that the financial history or condition, managerial resources and/or active earnings prospects of a licensee are not adequate, or where a licensee has sizeable off-balance sheet or funding risks, excessive interest rate risk exposure, or a significant volume of classified or criticized assets, the Commissioner may prescribe a capital requirement for a licensee that is greater than the minimum.
The amount and time frames for attaining a higher level of capital prescribed under this section shall be set forth in either:
The maintenance of the minimum capital standards specified under this section shall be a requirement for continued licensure under the Act. Failure to meet and maintain such minimum standards may constitute grounds for the issuance of a cease and desist order and may also constitute grounds for license suspension or revocation under the Act.
Failure to meet the minimum capital standards under the Act may constitute grounds for the denial of an application, the issuance of a cease and desist order, license suspension, or license revocation.
D.C. Mun. Regs. tit. 26, r. 26-C1107