D.C. Mun. Regs. tit. 26, r. 26-C1123

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 26-C1123 - EXAMINATIONS AND INVESTIGATIONS

1123.1

To defray the costs of examination, every mortgage lender, mortgage broker, and mortgage loan originator required to be licensed under this chapter shall be subject to an examination fee as prescribed in Appendix A.

1123.2

A licensee who has been charged and pays an examination fee, shall not be subject to an annual assessment fee in the same year unless the following occurs:

(a) The Commissioner determines that an out-of-state examination is necessary; or

(b) The Commissioner determines that a special investigation is necessary.

1123.3

The Commissioner may examine a licensee located outside the District of Columbia and charge the licensee for the cost of actual travel and housing expenses incurred to conduct the examination.

D.C. Mun. Regs. tit. 26, r. 26-C1123

Final Rulemaking published at 56 DCR 4356, 4375 (June 5, 2009)