D.C. Code § 26-1107: License expiration and renewal; annual fee.
Where this section sits in the code
- Title 26. Banks and Other Financial Institutions.
- 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Repealed.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