§ 26.1116

Advertising. No mortgage lender, mortgage broker, mortgage loan originator, or loan officer required to be licensed under this chapter shall use, or cause to be published, any advertisement which: (1) Contains any false, misleading, or deceptive statement or representation; or (2) Identifies the mortgage lender, mortgage broker, mortgage loan originator, or loan officer by any name other than the name set forth on the license issued by the Superintendent [Commissioner]. (Sept. 9, 1996, D.C. Law 11-155, § 17, 43 DCR 4213; July 18, 2009, D.C. Law 18-38, § 2(j), 56 DCR 4290.) Prior Codifications 1981 Ed., § 26-1016. Effect of Amendments D.C. Law 18-38, in the introductory language, substituted 'mortgage lender, mortgage broker, mortgage loan originator, or loan officer' for 'mortgage lender or mortgage broker'; and, in par. (2), substituted 'mortgage lender, mortgage broker, mortgage loan originator, or loan officer' for 'lender or broker'. Emergency Legislation For temporary (90 day) amendment of section, see § 2(j) of Mortgage Lender and Broker Emergency Amendment Act of 2008 (D.C. Act 17-617, December 22, 2008, 56 DCR 189).

broker'. Emergency Legislation For temporary (90 day) amendment of section, see § 2(j) of Mortgage Lender and Broker Emergency Amendment Act of 2008 (D.C. Act 17-617, December 22, 2008, 56 DCR 189). For temporary (90 day) amendment of section, see § 2(j) of Mortgage Lender and Broker Congressional Review Emergency Amendment Act of 2009 (D.C. Act 18-31, March 16, 2009, 56 DCR 2327). Temporary Legislation Section 2(j) of D.C. Law 17-350, in the lead-in text, substituted 'mortgage lender, mortgage broker, mortgage loan originator, or loan officer' for 'mortgage lender or mortgage broker'; and, in par. (2), substituted 'mortgage lender, mortgage broker, mortgage loan originator, or loan officer' for 'lender or broker'. Section 5(b) of D.C. Law 17-350 provided that the act shall expire after 225 days of its having taken effect. Editor's Notes Section 3 of D.C. Law 18-38 provided: 'Sec. 3. Applicability. Except for section 2(c)(1), (g), (j), and (o), this act shall not apply until the Commissioner of the Department of Insurance, Securities, and Banking has promulgated rules implementing this act.'