D.C. Mun. Regs. Tit. 16, § 200. GENERAL PROVISIONS

• Library: D.C. Municipal Regulations
• Enactment Date: 01 January 2021

RULE 16-200. GENERAL PROVISIONS

200.1

The provisions of this chapter apply to all persons engaged in the District of Columbia in the business of loaning money, except the following:

(a) National banks;

(b) Licensed bankers;

(c) Trust companies;

(d) Savings banks; and

(e) Building and loan associations.

200.2

For purposes of this chapter, the term "1901 Act" means §§ 1178, 1179 and 1180 of the Act of March 1, 1901, as amended.

200.3

For purposes of this chapter, the term "1913 Act" means the Act of February 4, 1913, as amended.

200.4

A person is "engaged in the business of loaning money" in the District if that person holds out, by the maintenance of a place of business in the District or in any other manner, that a loan or loans of money may be effected by or through the person so holding out, plus the performance in the District by that person of one or more acts which result in the making or in the collection of a loan of money. (See: Horning v. D.C., 254 U.S. 135, 65 L.Ed. 185)

200.5...