District of Columbia Administrative Code

3008 INFORMATION CHALLENGE PROCESS 3008.1 A licensee may challenge information entered into the NMLS by the Commissioner. Any such challenge must be in writing and include the specific information being challenged and supporting information to evidence that the information being …

3009 EXPIRATION AND RENEWAL OF LICENSE 3009.1 A student loan servicer license shall expire on December 31st of each year. 3009.2 In order to renew a license, a licensee shall: (a) File a license renewal application with the NMLS on a form prescribed by the Commissioner at least t…

3010 LICENSE REINSTATEMENT 3010.1 A renewal license application filed after the license expiration deadline set forth in § 3009.1 but before the last day of February of any year shall be subject to, and accompanied by, a reinstatement fee as prescribed in § 3023. 3010.2 A license…

3011 DENIAL OF APPLICATION 3011.1 The Commissioner shall approve or deny a license or renewal application not later than sixty (60) days from the date the Commissioner determines that the application is complete. 3011.2 If a license or renewal application is denied, the Commissio…

3012 CHANGE OF LOCATION 3012.1 A licensee shall notify the Commissioner, in the form prescribed by the Commissioner, of a change of location of the business. SOURCE: Final Rulemaking published at 65 DCR 8395 (August 10, 2018). District of Columbia Municipal Regulations Banking an…

3013 SURRENDER OF LICENSE 3013.1 A licensee who intends to permanently cease operating as a student loan servicer during a license period shall file a request to surrender the license for each office at which the licensee intends to cease operations on a form prescribed by the Co…

3014 ANNUAL REPORT AND REPORTING REQUIREMENTS 3014.1 A student loan servicer licensee shall, on or before January 30, submit an annual report for the preceding calendar year to the Commissioner in a form prescribed by the Commissioner. 3014.2 The annual report shall include the f…

3015 ANNUAL ASSESSMENTS 3015.1 Beginning with the calendar year starting on January 1, 2017, each licensed student loan servicer who held a license during the calendar year shall be subject to an annual assessment fee as prescribed in § 3023. The Commissioner shall assess this fe…

3016 NOTIFICATION OF SIGNIFICANT EVENTS BY LICENSEE 3016.1 A licensee shall notify the Commissioner, in writing, within ten (10) business days, of the occurrence of any of the following events: (a) The filing for bankruptcy or reorganization by the licensee; (b) The existence of …

3017 SPECIAL REPORTS 3017.1 The Commissioner may require a licensee to submit a report of a condition, which must be in the form and contain the information prescribed by the Commissioner by bulletin or notice. SOURCE: Final Rulemaking published at 65 DCR 8395 (August 10, 2018). …

3018 RECORD KEEPING 3018.1 Except to the extent prohibited by federal law, for each student education loan sold, assigned, transferred or serviced, a licensee shall retain records of each transaction for at least three (3) years after final payment is made on the student educatio…

3019 SUSPENSION AND REVOCATION OF LICENSE 3019.1 The Commissioner may suspend or revoke a license issued under this chapter, or take any other action provided for in this chapter, if the Commissioner finds that: (a) The licensee has violated materially any provision of this chapt…

3020 ORDER OF REVOCATION AND NOTICE OF SUSPENSION 3020.1 An order issued pursuant to D.C. Official Code § 31-106.02(h)(2) shall include: (a) The date the order was entered; (b) The basis for the proposed action; (c) The date by which the person or entity must file a written reque…

3021 EXAMINATIONS AND INVESTIGATIONS 3021.1 The Commissioner shall examine the affairs, business premises, and records of each licensee at least once every three (3) years and at any other time the Commissioner considers necessary. The Commissioner may require the licensee to pro…

3022 COMPLAINTS 3022.1 A complaint against a licensee shall be filed with the Commissioner, on a form prescribed by the Commissioner, and in accordance with the procedures or processes prescribed by the Commissioner by bulletin or notice. 3022.2 The Commissioner may provide infor…

3023 LICENSING FEES 3023.1 The following Student Loan Servicer Licensing Fees shall be applicable to an applicant or a licensee. Student Loan Servicer License Fees DISB Initial Application Fee $1,100 + NMLS Fee DISB Renewal Application Fee $900 + NMLS Fee DISB Amendment Fee $100 …

3099 DEFINITIONS 3099.1 For the purpose of this chapter, the following terms have the meaning ascribed: Act – The Department of Securities Regulation Establishment Act of 1996, effective May 21, 1997 (D.C. Law 11-268; D.C. Official Code §§ 31-101 et seq.), as amended by the Stude…

3100 PURPOSE The purpose of these rules shall be as follows: To provide for the registration and regulation of appraisal management companies doing business in the District of Columbia pursuant to Section 102(a) the Appraisal Management Company Regulation Emergency Act of 2019 (“…

3101 SCOPE 3101.1 This chapter shall apply to any person or entity that acts as an appraisal management company (AMC) as defined in Section 101(4) of the Act regardless of the title used to describe the person or entity. SOURCE: Final Rulemaking published at 68 DCR 5678 (May 28, …

3102 REGISTRATION REQUIREMENT; APPLICATION CONTENT AND AMC QUALIFICATIONS 3102.1 No person or entity shall directly or indirectly engage or attempt to engage in business as an appraisal management company in the District of Columbia (“District”), or perform or attempt to perform …

3103 ISSUANCE AND TRANSFERABILITY OF A REGISTRATION 3103.1 The registration of an AMC shall remain in force until it has expired or has been surrendered, revoked, or suspended in accordance with the provisions of the Act and this chapter. The surrender, revocation, or suspension …

3104 EXPIRATION AND RENEWAL OF REGISTRATION 3104.1 The registration of an AMC shall expire on December 31st of each year, except for AMCs that obtain a registration during the Department’s initial AMC registration period, which shall expire December 31, 2020. 3104.2 To renew a re…

3105 SUSPENSION AND REVOCATION OF REGISTRATION 3105.1 The Commissioner may suspend or revoke a registration issued under this chapter, or take any other action provided for in this chapter, if the Commissioner finds, after a hearing, that the provider has: (a) Violated any provis…

3106 RECORD KEEPING 3106.1 All registered AMCs shall make available their books and records to the Commissioner for examination no later than fifteen (15) business days after a written request has been made. The Commissioner may grant a registered AMC additional time if necessary…

3107 COMPLAINTS 3107.1 Any complaint against an AMC shall be filed with the Department on a form prescribed by the Commissioner. 3107.2 The Commissioner may provide information on consumer complaints to other state and federal regulatory agencies, provided that the other state an…

3108 SPECIFIC PROVISIONS FOR FEDERALLY REGULATED APPRAISAL MANAGEMENT COMPANIES 3108.1 A federally regulated AMC, as defined in Section 101(17) of the Act, operating in the District shall provide the Department with information required to be submitted to the Appraisal Subcommitt…

3109 REGISTRATION FEES 3109.1 The following AMC registration fees shall be applicable to an applicant or a registered AMC. AMC Registration Category Fees DISB Initial Application Fee $1,000 + NMLS Fee DISB Renewal Application Fee $1,000 + NMLS Fee DISB Reinstatement Fee $400 + Re…

3199 DEFINITIONS 3199.1 For the purpose of this chapter, the following terms have the meaning ascribed: AMC – an appraisal management company as defined by Section 101(4) of the Act. Applicant - a person or entity filing an initial application for registration under this chapter.…

400 GENERAL PROCEDURES [RESERVED] SOURCE: Final Rulemaking published at 35 DCR 6276, 6292 (August 19, 1988).

401 APPLICATION PROCEDURES 401.1 With the exception of an application filed for information only, no application required by Chapters 1 through 3 shall be complete unless it is accompanied by the application fee prescribed by section 207 of these rules. EDITOR’S NOTE: Section 207…

402 APPLICATIONS OTHER THAN FROM BANK HOLDING COMPANIES 402.1 Upon the filing of a complete application required by section 201 on Form 1 or section 202 of these rules on Form 2, the procedures in this section shall apply. 402.2 The Commissioner shall make either a favorable or u…

403 APPLICATIONS FROM BANK HOLDING COMPANIES 403.1 Upon the filing of a complete application under section 203 on Form 3 or section 204 on Form 5 of these rules, the procedures in subsections 403.2 through 403.8 of these rules shall apply. 403.2 A person, regional or nonregional …

404 HEARING PROCEDURES 404.1 The Commissioner shall cause a public hearing to be convened, and shall accept public comment prior to deciding whether to recommend approval of an application filed pursuant to the following sections of the D.C. Official Code: (a) 26-704(a) (applicat…

405 CONDUCT OF HEARING 405.1 The hearing officer shall take the testimony and any documentary evidence offered in the following order: (a) the testimony or statement of the applicant; (b) testimony or statement(s) of any District Government agency witnesses, including any stateme…

406 FINDINGS 406.1 In those instances where a hearing officer, other than the Commissioner, conducts the public hearing, the hearing officer shall make written findings and recommendations to the Commissioner within fifteen (15) days after the close of the public hearing. 406.2 I…

407 CONSUMER COMPLAINT PROCEDURES [RESERVED] SOURCE: Final Rulemaking published at 35 DCR 6296 (August 19, 1988).

408 MISCELLANEOUS REQUESTS 408.1 Requests for a certificate of good standing with respect to a District financial institution shall be submitted to the Commissioner in writing and shall include the appropriate fee prescribed by section 207 of these rules. The Commissioner may for…

600 INSTITUTIONS' FEES AND ASSESSMENTS 600.1 All fees shall be paid by certified check or money order payable to the D.C. Treasurer. 600.2 A separate fee must be paid with each activity requested. SOURCE: Final Rulemaking published at 55 DCR 1574 (February 15, 2008).

601 DEPOSITORY INSTITUTIONS 601.1 The following schedule of fees shall apply to applications from depository institutions and examinations by the Department of Insurance, Securities and Banking: Charter Offering Circular $10,000 $5,000 Articles of Incorporation and By-Laws $3,000…

110 HEALTH CARRIER ASSESSMENT GENERAL PROVISIONS 110.1 Pursuant to Section 4(f) of the Act (D.C. Official Code § 31-3171.03(f)), the Health Benefit Exchange Authority (HBX) shall annually assess each health carrier defined in Section 2(6) of the Act (D.C. Official Code § 31-3171.…

120 HEALTH CARRIER ASSESSMENT ADMINISTRATIVE APPEAL 120.1 An entity assessed pursuant to D.C. Official Code § 31-3171.03(f) may file a request for reconsideration under this section to contest the assessment in the Notice of Assessment. An entity may request reconsideration of it…

200 GENERAL 200.1 This chapter shall apply with respect to taxable years commencing after December 31, 2018. 200.2 The purpose of this chapter is to establish the procedures and criteria for District residents to apply for and be determined eligible for an exemption prospectively…

201 AFFORDABILITY EXEMPTIONS 201.1 An individual is an exempt individual for a month that includes a day with respect to which the individual lacks affordable coverage. For purposes of this section, an individual lacks affordable coverage in a month if the individual's required c…

202 HARDSHIP EXEMPTIONS 202.1 An individual shall be exempt from the District shared responsibility payment for a month in which the Authority determines that individual has suffered a hardship with respect to the ability to obtain coverage under a qualified health plan. 202.2 Th…

203 APPLICATION PROCESS 203.1 Individuals shall apply for an affordability or hardship exemption using the designated applications published by the Authority. 203.2 The individual shall submit a separate application for each taxable year for which the individual is seeking an exe…

204 ELIGIBILITY VERIFICATION 204.1 The Authority shall use the information attested to by the individual on the application, documents provided by the individual, and other information known to the Authority to determine the individual’s eligibility for an exemption. 204.2 The Au…

205 REPORTING 205.1 If the Authority grants an exemption determination certificate in accordance with this chapter, the Authority shall periodically transmit to the Chief Financial Officer: (a) The individual's name, Social Security number or Tax Identification Number and exempti…

206 APPEALS 206.1 All eligibility determinations or redeterminations under this chapter shall include notice of the right to appeal and instructions regarding how to file an appeal. 206.2 An individual has the right to appeal an eligibility determination for an exemption made in …

9900 DEFINITIONS 9900.1 When used in this chapter, the following terms shall have the meanings ascribed: “Authority” means the District of Columbia Health Benefit Exchange Authority established pursuant to Section 3 of the Act (D.C. Official Code § 31-3171.02). “Health carrier” h…

100 GENERAL PROVISIONS 100.1 Scope. These rules, consisting of Chapters 1, 2, 3 and 4 of Title 27 DCMR, govern all proceedings in all cases filed with the District of Columbia Contract Appeals Board (Board). 100.2 Codification. These rules shall amend Chapters 1, 2, 3, and 4 of T…