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District of Columbia Statutes, Title 28A

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District of Columbia/Statutes

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Title 28A, Other Consumer Protections.

2 chapters · 13 sections in this title.

All chapters in Title 28A13 Ch 1, Structured Settlements Protection.8 Ch 2, Automatic Renewal Protections.5

13 sections·Filtered byTitle 28A✕

D.C. Code § 28A-101 Short title
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This chapter may be cited as the "Structured Settlements Protection Act of 2018".
D.C. Code § 28A-102 Definitions
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For the purposes of this chapter, the term: (a)(1) "Annuity issuer" means an insurer that has issued an insurance contract used to fund periodic payments under a structured settlement. (2) "Assignee" means a party acquiring or proposing to acquire structured settlement payment ri…
D.C. Code § 28A-103 Required disclosures to payee
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Not fewer than 10 days before the date on which the payee signs a transfer agreement, the transferee shall provide to the payee a separate disclosure statement, in bold type no smaller than 14 points, setting forth: (a)(1) The amounts and due dates of the structured settlement pa…
D.C. Code § 28A-104 Procedure for approval of transfers
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(a) An application for approval of a transfer shall be made by the transferee and shall be brought in the Superior Court of the District of Columbia or in another court that approved the structured settlement agreement. (b) The court shall hold a timely hearing on an application …

D.C. Code § 28A-105 Approval of transfers by the court

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(a) No direct or indirect transfer of structured settlement payment rights shall be effective and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to any transferee or assignee of structured settlement payment rights …

D.C. Code § 28A-106 Effects of transfers

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Following a transfer under this chapter: (a)(1) The structured settlement obligor and the annuity issuer may rely on the court order approving the transfer in redirecting periodic payments to an assignee or transferee in accordance with the order approving the transfer and shall,…

D.C. Code § 28A-107 General provisions; construction

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(a) The provisions of this chapter may not be waived by a payee; provided, that this subsection shall not be construed to prohibit a payee from waiving the right to seek and receive independent professional advice, consistent with § 28A-105(a)(3). (b) Any transfer agreement enter…

D.C. Code § 28A-121 Applicability

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Subchapter I of this chapter shall not apply to any transfer agreement entered into before March 13, 2019.

D.C. Code § 28A-201 Short title

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This chapter may be cited as the "Automatic Renewal Protections Act of 2018".

D.C. Code § 28A-202 Definitions

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For the purposes of this chapter, the term: (a)(1) "Clearly and conspicuously" means in larger type than the surrounding text, in contrasting type, font, or color to the surrounding text of the same size, or set off from the surrounding text of the same size by symbols or other m…

D.C. Code § 28A-203 Automatic renewal provisions; notice; penalties

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(a) A person who sells a good or service to a consumer pursuant to a contract that will automatically renew at the end of a definite term shall disclose the automatic renewal provision and cancellation procedure clearly and conspicuously in the contract. If an offer of sale of a …

D.C. Code § 28A-204 Exemptions

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This chapter shall not apply to: (a)(1) An insurer regulated by the Department of Insurance, Securities, and Banking; (2) A bank, trust company, savings and loan association, savings bank, or credit union licensed or organized under the laws of the District or any state of the Un…

D.C. Code § 28A-221 Applicability

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Subchapter I of this chapter shall not apply to a contract entered into or automatically renewed before March 13, 2019, but it shall apply to automatic renewals of such contracts that renew on or after March 13, 2019.