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Can you summarize 26 DCMR C?
INSURANCE, SECURITIES, AND BANKING > BANKING AND FINANCIAL INSTITUTIONS
Short Summary
The provided legal document content covers various aspects of the regulation of money transmitters, organizing, chartering, and regulating of financial institutions, applications and approvals related to conducting business, availability of District matching funds for capital access loans, Collateral Support Program, Loan Participation Program, and Innovation Finance Program, regulation of student loan servicers, registration, revocation, suspension, and renewal of automated teller machines, foreclosure mediation rights and procedures, regulation of covered loans and predatory lending protections, regulation of deposit-taking businesses, powers and limitations of deposit-taking businesses, mortgage lenders, mortgage brokers, and mortgage loan originators, fees and assessments applicable to depository institutions, regulation of appraisal management companies. These documents apply to specific entities or individuals involved in the respective activities mentioned. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Persons engaged in the transmission of money, financial institutions subject to the Commissioner's authority, financial institutions wishing to open a branch or office, nonregional bank holding companies and foreign banks, operators of ATMs and point of sale terminals, parties involved in foreclosure proceedings for residential mortgages, lenders, borrowers, and persons involved in the brokering, arranging, making, funding, and servicing of covered loans, deposit-taking businesses, banks, savings and loan associations, District branches and agencies of foreign banks, mortgage lenders, mortgage brokers, and mortgage loan originators, depository institutions, appraisal management companies
What does it govern?
Regulation of money transmitters, organizing, chartering, and regulating of financial institutions, applications and approvals related to conducting business, availability of District matching funds for capital access loans, Collateral Support Program, Loan Participation Program, and Innovation Finance Program, regulation of student loan servicers, registration, revocation, suspension, and renewal of automated teller machines, foreclosure mediation rights and procedures, regulation of covered loans and predatory lending protections, regulation of deposit-taking businesses, powers and limitations of deposit-taking businesses, mortgage lenders, mortgage brokers, and mortgage loan originators, fees and assessments applicable to depository institutions, regulation of appraisal management companies
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Washington, D.C.