D.C. Mun. Regs. tit. 26, r. 26-C2518

Current through Register Vol. 71, No. 49, December 6, 2024
Rule 26-C2518 - REPOSSESSION
2518.1

If a buyer is in default in the payment of any sum due under a contract subject to this chapter or in the performance of any lawful condition imposed by the contract, the seller or seller's assignee may when authorized by law repossess the goods secured under the contract.

2518.2

Unless the goods can be repossessed with the permission of the possessor obtained immediately prior to the repossession, and without use of force, intimidation, undue influence, fraud, or breach of the peace, the goods shall be not repossessed except by legal process.

2518.3

Nothing in this section shall be construed to authorize violation of the criminal laws of the District of Columbia.

2518.4

The disposition of repossessed goods and the application of any sums realized by the disposition, shall be in accordance with applicable statutory law, including D.C. Official Code§§ 28:9-610 and §§ 28:9-505 (1996 Repl. Vol.).

2518.5

The seller or the seller's assignee must account to the buyer for any surplus from the proceeds of disposition as provided by D.C. Official Code § 28:9-610(2) (2001.), notwithstanding the absence of buyer liability for a deficiency.

D.C. Mun. Regs. tit. 26, r. 26-C2518

Regulation No. 71-18, 17 DCR 815 (June 28, 1971); 5P DCRR §§ 5.101 and 5.103