District Of Columbia § 26-1153.05 - Assignee liability.
Full text of District Of Columbia D.C. Code § 26-1153.05 — Assignee liability., with citation guidance and answers to common questions.
§ 26-1153.05. Assignee liability.
26-1153.05Any person who purchases or is otherwise assigned a covered loan shall be subject to all claims and defenses with respect to the covered loan that the borrower could assert against the originator of the covered loan, unless the purchaser or assignee demonstrates, by a preponderance of the evidence, that a reasonable person exercising ordinary due diligence could not determine that the loan was a covered loan for the purposes of this chapter, based on:
The documentation required by or ;
The itemization of the amount financed; and
Other disclosure of disbursements.
Nothing in subsection (a) of this section shall affect the rights of a borrower under any other provision of this chapter.
Notwithstanding any other provision of law, the relief provided under this section shall not exceed:
With respect to actions based upon a violation of this chapter, the amount of actual damages; and
With respect to all other causes of action, the sum of:
The amount of all remaining indebtedness; and
The total amount paid by the consumer in connection with the transaction, reduced by the amount of any damages awarded under paragraph (1) of this subsection.
Any person who sells or otherwise assigns a covered loan shall include a prominent notice, in the form as provided by the Mayor pursuant to rules of the potential liability under this section.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 26-1153.05
What does D.C. Code § 26-1153.05 cover?
Section 26-1153.05 ("Assignee liability.") 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 § 26-1153.05?
A common citation format is "D.C. Code § 26-1153.05" (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 § 26-1153.05 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.