District Of Columbia § 42-815.03 - Establishment of Foreclosure Mediation Fund.
Full text of District Of Columbia D.C. Code § 42-815.03 — Establishment of Foreclosure Mediation Fund., with citation guidance and answers to common questions.
§ 42-815.03. Establishment of Foreclosure Mediation Fund.
42-815.03There is established as a nonlapsing special fund, the Foreclosure Mediation Fund (“Fund”), into which shall be deposited the fees and penalties generated by the foreclosure mediation program, the District’s share of proceeds from the February 2012 consent judgments between the federal government and participating states; and any future designated settlements or funds.
The Fund shall be used for one or more of the following purposes:
Payment of mortgage-related or foreclosure-related counseling;
Mortgage-related or foreclosure-related legal assistance or advocacy;
Mortgage-related or foreclosure-related mediation;
Outreach or assistance to help current and former homeowners secure the benefits for which they are eligible under mortgage-related or foreclosure-related settlements or judgments; and
Enforcement work in the area of financial fraud or consumer protection.
All funds deposited into the Fund, and any interest earned on those funds, shall not revert to the unrestricted fund balance of the General [Fund] of the District of Columbia at the end of a fiscal year, or at any other time, but shall be continually available for the uses and purposes set forth in subsection (a) of this section, subject to authorization by Congress.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 42-815.03
What does D.C. Code § 42-815.03 cover?
Section 42-815.03 ("Establishment of Foreclosure Mediation Fund.") 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 § 42-815.03?
A common citation format is "D.C. Code § 42-815.03" (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 § 42-815.03 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.