A lender shall not make a covered loan with a payment schedule with regular periodic payments that causes the principal balance to increase.
No negative amortization
D.C. Code § 26-1152.15 — under Prohibited Practices..
D.C. Code § 26-1152.15
D.C. Code § 26-1152.15 — under Prohibited Practices..
D.C. Code § 26-1152.15
A lender shall not make a covered loan with a payment schedule with regular periodic payments that causes the principal balance to increase.