District Of Columbia § 26-1118 - Suspension, revocation, and enforcement.
Full text of District Of Columbia D.C. Code § 26-1118 — Suspension, revocation, and enforcement., with citation guidance and answers to common questions.
§ 26-1118. Suspension, revocation, and enforcement.
26-1118The Superintendent [Commissioner] may suspend or revoke the license of any licensee if the licensee or any owner, director, officer, member, partner, stockholder, employee, or agent of the licensee, while acting on behalf of the licensee:
Makes any material misstatement in an application for a license;
Has been convicted of any crime of moral turpitude;
In connection with any mortgage loan or loan application transaction:
Commits any fraud;
Engages in any illegal or dishonest activities; or
Misrepresents or fails to disclose any material facts to anyone entitled to that information;
Violates any provision of this chapter, any rule or regulation adopted under it, or any other law regulating mortgage loan lending in the District;
Engages in a course of conduct consisting of the failure to perform written agreements with borrowers;
Fails to account for funds received or disbursed to the satisfaction of the person supplying or receiving such funds;
Fails to disburse funds in accordance with any agreement connected with, and promptly upon closing of, a mortgage loan, taking into account any applicable right of rescission;
Is convicted of a felony or misdemeanor involving fraud, misrepresentation, or deceit;
Has a judgment entered against such licensee involving fraud, misrepresentation, or deceit;
Has been found by a federal, state, or District agency to be in violation of any law or any regulation applicable to the conduct of the licensee’s business;
Refuses to permit an investigation or examination by the Superintendent [Commissioner];
Fails to pay any fee or assessment imposed by this chapter;
Has been found in violation of or determined by the Commissioner to have made a loan in violation of ;
Fails to comply with any order of the Superintendent [Commissioner]; or
Otherwise demonstrates unworthiness, bad faith, dishonesty, or any other quality that indicates that the business of the licensee has not been, or will not be, conducted honestly, fairly, equitably, and efficiently.
The Commissioner may enforce the provisions of this section or any rules and regulations adopted hereunder, by issuing an order against any licensee or person required to be licensed. The Commissioner may issue an order requiring a licensee or any person engaging in any activity or business within the scope of this chapter to show cause as to the reasons enforcement action should not be taken against such licensee or person.
If a violator fails to comply with an order issued under paragraph (1) of this subsection, the Superintendent [Commissioner] may impose a civil penalty of up to $25,000 for each violation from which the violator failed to cease and desist or for which the violator failed to take affirmative action to correct.
The Superintendent [Commissioner] may request the Corporation Counsel of the District of Columbia to take appropriate action in the Superior Court of the District of Columbia for the enforcement of an order issued under this section. The Corporation Counsel may also seek, and the Superior Court of the District of Columbia may order or decree, damages and such other relief allowed by law, including restitution. Persons entitled to any relief as authorized by this section shall be identified by order of the court within 180 days after the date of the order permanently enjoining the unlawful act or practice. In any action brought by the Corporation Counsel by virtue of this provision, the Corporation Counsel shall be entitled to seek attorney’s fees and costs.
In determining the amount of financial penalty to be imposed under subsection (b) of this section, the Superintendent [Commissioner] shall consider the following:
The seriousness of the violation;
The good faith of the violator;
The violator’s history of previous violations;
The deleterious effect of the violation on the public and mortgage industry;
The assets of the violator; and
Any other factors relevant to the determination of the financial penalty.
Nothing in this chapter shall be construed to preclude any individual or entity who suffers loss as a result of any violation of this chapter from maintaining an action to recover damages or restitution and, as provided by statute, attorney’s fees.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 26-1118
What does D.C. Code § 26-1118 cover?
Section 26-1118 ("Suspension, revocation, and enforcement.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 26-1118?
A common citation format is "D.C. Code § 26-1118" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 26-1118 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.