{"data":{"id":"us-dc/d.c.-code-26-507.03","jurisdiction":"us-dc","citation":"D.C. Code § 26-507.03","heading":"Other loan-related charges.","body":"(a)\nNotwithstanding the provisions of any other law in connection with extensions of credit, a District credit union may elect to contract for and receive fees and other charges for extensions of credit in connection with making, closing, disbursing, extending, collecting, renewing, or enforcing a debt in the event of a member's delinquency or breach of any obligation under the District credit union's loan contract, subject only to the provisions of this subchapter and rules promulgated pursuant to this subchapter.\n\n(b)\nA contingency or hourly arrangement established under an agreement and entered into by a District credit union with an attorney or collection agency to collect a loan of a member who is in default shall be prima facie presumed reasonable.","path":["Title 26. Banks and Other Financial Institutions.","Chapter 5. Credit Unions.","Subchapter I. Credit Union Act of 2020.","Part G. Loans."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/26-507.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"a11d705ab5ad2ff8fdfafd47c1a0902840538bb3fa269eeafeea487000bbdeb5","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-26-507.02","next":"us-dc/d.c.-code-26-507.04"},"notice":"GroundRules: Original legal text. Not legal advice."}