§ 26-1152.15Title 26
No negative amortization.
A lender shall not make a covered loan with a payment schedule with regular periodic payments that causes the principal balance to increase.
Annotations
May 7, 2002, D.C. Law 14-132, § 215, 49 DCR 2551 For temporary (90 day) addition of section, see § 215 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).
Sourced from the DC Council Open Law Library (public domain).
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