§ 26.1120

Limitation on name of mortgage business. A mortgage lender, mortgage broker, mortgage loan originator, or loan officer may not do business under any trade name that misrepresents or tends to misrepresent that the mortgage lender is: (1) A bank, trust company, or savings bank; (2) A savings and loan association; (3) A credit union; or (4) An insurance company. (Sept. 9, 1996, D.C. Law 11-155, § 21, 43 DCR 4213; July 18, 2009, D.C. Law 18-38, § 2(n), 56 DCR 4290.) Prior Codifications 1981 Ed., § 26-1020. Effect of Amendments D.C. Law 18-38 substituted 'mortgage lender, mortgage broker, mortgage loan originator, or loan officer' for 'mortgage lender or mortgage broker'. Emergency Legislation For temporary (90 day) amendment of section, see § 2(l) 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(l) 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(l) of D.C.

ent of section, see § 2(l) 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(l) of D.C. Law 17-350 substituted 'mortgage lender, mortgage broker, mortgage loan originator, or loan officer' for 'mortgage lender or mortgage broker'. Section 5(b) of D.C. Law 17-350 provided that the act shall expire after 225 days of its having taken effect.