{"data":{"id":"us-dc/d.c.-code-26-1152.03","jurisdiction":"us-dc","citation":"D.C. Code § 26-1152.03","heading":"Restrictions on the financing of single-premium credit insurance.","body":"A lender shall not sell any individual or group credit life, accident, health, or unemployment insurance product on a prepaid single premium basis in conjunction with a covered loan. Credit insurance sold by a lender on a basis other than a prepaid single premium shall be accompanied by a clear and conspicuous disclosure, provided at least 3 days before closing, stating that the credit insurance shall not be a condition to the extension of mortgage credit and that the borrower may elect not to purchase the insurance. Insurance premiums or debt cancellation or suspension fees calculated and paid on a monthly or bi-weekly basis shall not be considered financed by the lender; provided, that the disclosure required by this section shall be provided to the borrower for any insurance, debt cancellation, or suspension services purchased by the borrower.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 11A. Home Loan Protection.","Subchapter II. Prohibited Practices."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-1152.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"c3ff65dba9eaf40b0526dfc0f9d36d5ff3805acfb15826c57c083bcd07914b1c","source_id":"us-dc","stale":true,"prev":"us-dc/d.c.-code-26-1152.02","next":"us-dc/d.c.-code-26-1152.04"},"notice":"GroundRules: Original legal text. Not legal advice."}