Washington, D.C. Regulations
District of Columbia Mortgage Foreclosure Law
- D.C. Official Code, Title 42, Chapter 8 (Foreclosure):
- Key Provisions:
- Foreclosure Mediation Program (D.C. Code § 42-815):
- Requires lenders to participate in a mediation program to explore loss mitigation options before foreclosure.
- Lenders must provide borrowers with a Notice of Default and the opportunity to mediate.
- Notice of Foreclosure Sale (§ 42-817):
- Lenders must send a notice at least 30 days before the foreclosure sale, detailing the sale and borrower’s rights.
- Foreclosure Mediation Program (D.C. Code § 42-815):
- Application in Court:
- Courts require proof of participation in mediation and proper notice before allowing foreclosure to proceed. Non-compliance can result in delays or dismissal of foreclosure actions.
- Key Provisions:
Consumer Protection Procedures Ac
- D.C. Code § 28-3901 et seq.:
- Key Provisions:
- Prohibits deceptive and unfair practices in mortgage servicing.
- Requires lenders to clearly communicate loss mitigation options to borrowers.
- Application in Court:
- Borrowers can seek remedies for violations under this Act, and courts can impose penalties or require corrective actions by lenders.
- Key Provisions: