This legal document, part of the Uniform Commercial Code, governs the circumstances under which a bank may charge a customer’s account. According to the document, a bank may charge against the customer’s account an item that is properly payable, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and complies with any agreement between the customer and the bank. The document also states that a customer is not liable for an overdraft if they did not sign the item or benefit from its proceeds.

This legal document, part of the Uniform Commercial Code, governs the customer’s right to stop payment on any item drawn on their account or close the account. The customer or any authorized person can issue an order to the bank to stop payment or close the account, providing a description of the item or account with reasonable certainty. A stop-payment order is effective for 6 months, but if the original order was oral and not confirmed in writing within 14 days, it lapses.

According to the Code of the District of Columbia, a bank is not obligated to pay a check presented more than 6 months after its date, except for certified checks. However, the bank may charge the customer’s account for a payment made in good faith after the 6-month period. This provision aligns with banking and commercial practice, as checks outstanding for longer than 6 months are considered stale. The bank has the option to pay such checks, especially if it knows that the drawer wants payment.

This legal document, part of the Uniform Commercial Code, outlines the duties and responsibilities of customers and banks regarding the discovery and reporting of unauthorized signatures or alterations in commercial transactions. According to the document, banks must provide customers with statements of account that sufficiently identify the items paid, and customers must promptly examine these statements or items to determine if any unauthorized payments have occurred. If the customer fails to report unauthorized signatures or alterations within a reasonable time, they may be precluded from asserting these claims against the bank.

This legal document establishes the position of the Student Loan Ombudsman within the Department of Insurance, Securities, and Banking. The Ombudsman is appointed by the Commissioner of the Department and must be a District resident with experience in consumer finance, including student loan servicing and debt collection. The Ombudsman’s responsibilities include assisting in the enforcement of licensing provisions, receiving and resolving complaints from student loan borrowers, compiling and analyzing data on borrower complaints, providing information to borrowers about their rights and responsibilities, monitoring actions taken by loan servicers, making recommendations to the Commissioner, analyzing and monitoring laws and regulations related to student loan borrowers, reviewing borrower loan history upon request, establishing an education course for borrowers, developing a borrower bill of rights, conducting examinations of loan servicers, and submitting an annual report on activities.

This document establishes the licensure and reporting requirements for student loan servicers operating in the District of Columbia. It states that no person or entity can operate as a student loan servicer without obtaining a Student Loan Servicer (SLS) license, except for certain exempt entities such as banks, credit unions, and educational institutions. The document outlines the application process for obtaining an SLS license, including the submission of a completed application, audited financial statements, and a surety bond.

No person shall knowingly permit any person under the age of 18 to participate in a game of bingo or to wager in any gambling activity authorized under this chapter. No person shall knowingly permit a person under the age of 18 years, unless accompanied by an adult, to be present in any room, office, building, or establishment where bingo, raffles, or Monte Carlo night parties is being played. Any person convicted of violating this section shall be subject to a fine not to exceed $300 or imprisonment not to exceed 30 days or both.

This legal document governs the conduct of sports wagering in the District of Columbia. Its purpose is to ensure fair and honest play in sports wagering and protect the economic welfare and interests of the District and participants. The document outlines various rules and regulations that operators of sports wagering must adhere to. These include acceptance of wagers, maximum wager limits, types of wagering tickets, accounting methods, remittance of fees and taxes, age verification methods, posting of house rules, player exclusion requirements, facilities to be used, record-keeping obligations, use of credit and checks, system requirements, protections for individuals placing wagers, training requirements for employees regarding compulsive and problem gambling, advertising guidelines, and reporting of data sources for resolving sports wagers.

This legal document governs the activities related to sports wagering, specifically focusing on unlawful acts and trade practices. It prohibits operators and other individuals or entities from accessing, using, modifying, or disclosing personal information of individuals who place sports wagers without authorization. Operators are also required to maintain reasonable security procedures and practices. Violations of these provisions are considered unlawful trade practices and can result in remedies and penalties as set forth in the law.

This legal document governs the requirements and prohibition related to sports wagering licenses in the District of Columbia. It states that no individual, group of individuals, or entity can engage in any activity connected with sports wagering unless they have obtained all the necessary licenses. An applicant convicted of a disqualifying offense is not eligible for a license. The Office is responsible for defining disqualifying offenses through regulations. The document also outlines the different types of sports wagering licenses that the Office can issue, including operator, management services provider, supplier, and occupational licenses.