{"data":{"id":"us-dc/d.c.-code-26-1109","jurisdiction":"us-dc","citation":"D.C. Code § 26-1109","heading":"Record keeping requirements.","body":"(a)\nEach licensee shall keep and make available to the Superintendent [Commissioner] at the licensee’s place of business any books and records that the Superintendent [Commissioner], by rule or regulation, requires to enable the Superintendent [Commissioner] to enforce this chapter and any rule or regulation adopted under this chapter.\n\n(b)\nEach mortgage lender required to be licensed under this chapter shall retain for at least 3 years after final payment is made on any mortgage loan or after the mortgage loan is sold, whichever first occurs, copies of the note, settlement statement, truth-in-lending disclosure, and such other papers or records relating to the loan as may be required by rule or regulation.\n\n(c)\nOn approval of the Superintendent [Commissioner], a licensee need not keep at the licensee’s place of business any books and records otherwise required by the Superintendent [Commissioner] under subsection (a) of this section if the licensee:\n(1)\nIs a federally approved seller-servicer; or\n(2)\n(A)\nMakes the books and records available to the Superintendent [Commissioner] at the licensee’s place of business within 5 business days of the Superintendent’s [Commissioner’s] official request; and\n(B)\nRetains the records for at least 60 months in a storage facility disclosed to the Superintendent [Commissioner].\n\n(d)\nEach independent contractor or mortgage broker required to be licensed under this chapter shall retain for at least 3 years after a mortgage loan is made the original contract for his or her compensation, a copy of the settlement statement, an account of fees received in connection with the loan, and such other papers or records as may be required by rule or regulation.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 11. Mortgage Lenders and Brokers."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-1109","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"81c769b2eda3198a83ecc1e9ef8972c23e9b42aaa9d354cb103bc9e368fa7792","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-1108","next":"us-dc/d.c.-code-26-1110"},"notice":"GroundRules: Original legal text. Not legal advice."}