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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 26-1107: License expiration and renewal; annual fee.

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Where this section sits in the code
  1. Title 26. Banks and Other Financial Institutions.
  2. Chapter 11. Mortgage Lenders and Brokers.

(a)

(1)

A license issued under this chapter shall expire on a date to be determined by the Superintendent [Commissioner]; provided, that the initial term of the license shall be not less than 180 days, or greater than 18 months, after the effective date of the license. A license may thereafter be renewed for one-year term extensions as provided by this section.

(2)

The Superintendent [Commissioner] may change the expiration date of a license for the purpose of staggering the expiration dates of licenses issued under this chapter; provided, that the new expiration date shall not be less than 180 days after the effective date or renewal date of the license.

(b)

Before a license expires, the licensee periodically may renew the license for additional 1-year terms, if the licensee:

(1)

Demonstrates that he or she continues to meet the licensing standards under this chapter and has satisfied the annual continuing education requirements under this chapter;

(1A)

Pays all applicable fees and assessments as prescribed by the Commissioner and all third-party fees;

(2)

Submits to the Superintendent [Commissioner] a renewal application on the form that the Superintendent [Commissioner] requires; and

(3)

Files a bond or bond continuation certificate for the amount required under § 26-1103.

(c)

If a license is issued for less than a full year, is surrendered voluntarily, is suspended, or is revoked, the Superintendent [Commissioner] may not refund any part of the license fee regardless of the time remaining in the license year.

(d)

Repealed.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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