{"data":{"id":"us-dc/d.c.-code-26-1153.05","jurisdiction":"us-dc","citation":"D.C. Code § 26-1153.05","heading":"Assignee liability.","body":"(a)\nAny person who purchases or is otherwise assigned a covered loan shall be subject to all claims and defenses with respect to the covered loan that the borrower could assert against the originator of the covered loan, unless the purchaser or assignee demonstrates, by a preponderance of the evidence, that a reasonable person exercising ordinary due diligence could not determine that the loan was a covered loan for the purposes of this chapter, based on:\n(1)\nThe documentation required by § 26-1151.02 or subchapter II of this chapter;\n(2)\nThe itemization of the amount financed; and\n(3)\nOther disclosure of disbursements.\n\n(b)\nNothing in subsection (a) of this section shall affect the rights of a borrower under any other provision of this chapter.\n\n(c)\nNotwithstanding any other provision of law, the relief provided under this section shall not exceed:\n(1)\nWith respect to actions based upon a violation of this chapter, the amount of actual damages; and\n(2)\nWith respect to all other causes of action, the sum of:\n(A)\nThe amount of all remaining indebtedness; and\n(B)\nThe total amount paid by the consumer in connection with the transaction, reduced by the amount of any damages awarded under paragraph (1) of this subsection.\n\n(d)\nAny person who sells or otherwise assigns a covered loan shall include a prominent notice, in the form as provided by the Mayor pursuant to rules of the potential liability under this section.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 11A. Home Loan Protection.","Subchapter III. Violations and Remedies; Enforcement and Civil Liability."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-1153.05","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"092fcd5d3eaa850848df040e79381a44c0a89712f11b9861dc9824c53425b485","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-1153.04","next":"us-dc/d.c.-code-26-1154.01"},"notice":"GroundRules: Original legal text. Not legal advice."}