D.C. Code § 26-1152.14

Current through codified legislation effective September 18, 2024
Section 26-1152.14 - No call provision

A lender shall not make a covered loan that includes a call provision that permits the lender, in its sole discretion, to accelerate the indebtedness; provided, that this prohibition shall not apply when repayment of the covered loan has been accelerated by a bona fide default or pursuant to some other provision of the loan agreement unrelated to the payment schedule.

D.C. Code § 26-1152.14

May 7, 2002, D.C. Law 14-132, § 214, 49 DCR 2551.