{"id":"SEC-13-094","kind":"order","level":"state","jurisdiction":"District of Columbia","state":"DC","metro":"","industry":"13","agency":"","eco":"","issuer":"Council of the District of Columbia (emergency act); signed by Mayor Muriel Bowser","authority":"D.C. Official Code 1-204.12(a) (emergency legislation); Mortgage Lender and Broker Act of 1996","instrument":"D.C. Act 23-286, COVID-19 Response Supplemental Emergency Amendment Act of 2020","title":"COVID-19 Response Supplemental Emergency Amendment Act of 2020 (sec. 202, Mortgage relief: mandatory 90-day deferment program)","dateIssued":"2020-04-10","effective":"2020-04-10 (emergency act; the District of Columbia State file records the Act as recited effective Apr. 7, 2020)","end":"sec. 202 applies during the Mayor\u0027s declared public health emergency and for 60 days thereafter (the District\u0027s public health emergency ran to July 25, 2021); 90-day emergency act re-enacted in successive temporary and emergency acts (Coronavirus Support Emergency Amendment Acts)","startDate":"2020-04-10","endDate":"2021-07-25","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["mortgage servicers holding servicing rights to residential or commercial mortgage loans under the jurisdiction of the Commissioner of the Department of Insurance, Securities, and Banking"],"clause":"Sec. 202. Mortgage relief.... during a period of time for which the Mayor has declared a public health emergency... and for 60 days thereafter, a mortgage servicer that holds mortgage servicing rights to a residential mortgage loan or commercial mortgage loan under the jurisdiction of the Commissioner of the Department of Insurance, Securities, and Banking, shall develop a deferment program for borrowers that, at a minimum: (1) Grants at least a 90-day deferment period of mortgage payments for borrowers;... (c) The mortgage servicer shall approve each application in which a borrower: (1) Demonstrates to the mortgage servicer evidence of a financial hardship resulting directly or indirectly from the public health emergency... (e) A mortgage servicer shall be prohibited from requiring a lump sum payment from any borrower at the end of the forbearance period","enforcement":"Mortgage Lender and Broker Act sec. 13 complaints; DISB enforcement","functions":["SV (compelled 90-day deferment program for residential and commercial mortgages)","BL (commercial mortgage borrowers)","ML"],"notes":"Text read. Title II also enhanced penalties for unlawful trade practices; Title I addressed unemployment insurance and emergency sick leave.","sourceUrl":"https://code.dccouncil.gov/us/dc/council/acts/23-286","snapshot":"http://web.archive.org/web/20221026174718/https://code.dccouncil.gov/us/dc/council/acts/23-286","fileExists":true,"fileBytes":898961,"grade":"primary","character":"","description":"","collection":"SEC-13","url":"/library/SEC-13-094","exhibitUrl":"/exhibit/SEC-13-094","citation":"Council of the District of Columbia (emergency act); signed by Mayor Muriel Bowser, D.C. Act 23-286, COVID-19 Response Supplemental Emergency Amendment Act of 2020 (Apr. 10, 2020) (Ex. SEC-13-094)","stateName":"District of Columbia","related":[]}