Title 31, Insurance and Securities.

(a) All positions, property, records, and unexpended balances of appropriations, allocations, assessments, and other funds available or to be made available to the Department of Consumer and Regulatory Affairs and the Public Service Commission relating to the duties and functions…

(a) The Commissioner, as the chief executive officer of the Department is authorized to organize the personnel and property transferred herein within any organizational unit of the Department as the Commissioner deems appropriate. (b)(1) The Securities and Banking Bureau is estab…

(a) There is established within the Department the position of the Student Loan Ombudsman. (b)(1) The Ombudsman shall be: (A) Appointed by the Commissioner of the Department; (B) A District resident within 180 days of appointment; and (C) Experienced in consumer finance, includin…

(a) Except as provided in subsection (b) of this section, no person or entity shall operate as a student loan servicer in the District, directly or indirectly, without first obtaining a SLS license pursuant to this section. (b) The following persons and entities shall be exempt f…

(a) No student loan servicer shall: (1) Directly or indirectly employ any scheme, device, or artifice to defraud a student loan borrower; (2) Directly or indirectly employ any scheme, device, or artifice to mislead a student loan borrower; (3) Engage in any unfair or deceptive pr…

(a) Except as otherwise provided pursuant to federal law or a student education loan agreement, a student loan servicer shall: (1) Respond to any written inquiry from a student loan borrower or the representative of a student loan borrower by: (A) Acknowledging receipt of the inq…

(a)(1) A private education loan executed after the applicability date of this section shall not include a provision that permits the private education lender to accelerate, in whole or in part, payments on a private education loan except in cases of payment default or place any l…

(a) For a private education loan issued on or after the applicability date of this section: (1) A private education lender or student loan servicer acting on behalf of a private education lender when notified of the total and permanent disability of a student loan borrower or cos…

(a) In addition to complying with the requirements of the New Student Loan Borrower Bill of Rights Amendment Act of 2024, passed on 2nd reading on September 17, 2024 (Enrolled version of Bill 25-37) ("act"), a student loan servicer shall comply with all applicable federal laws re…

Within 180 days of February 18, 2017, the Mayor, pursuant to subchapter I of Chapter 5 of Title 2, shall issue rules to implement of provisions of §§ 31-106.02, 31-106.02a, 31-106.02b, 31-106.02c, 31-106.02d and 31-106.02e(a).

(a) Control of the Insurance Regulatory Trust Fund, and all monies required to be deposited therein, pursuant to Chapter 7 of this title, is transferred to the Department. (b) Repealed. (b-1) Repealed. (b-2)(1) There is established within the General Fund of the District of Colum…

The Insurance Administration in the Department of Consumer and Regulatory Affairs as currently organized is abolished.

The Commissioner may promulgate rules, regulations, and orders as are necessary or appropriate to conform to the Gramm-Leach-Bliley Act, approved November 12, 1999 (113 Stat. 1338; codified in scattered sections of the U.S. Code), or regulations promulgated thereunder.