§ 26-1152.07. Failing to report favorable payment record.

Current through October 23, 2012

A lender or its servicer shall report a borrower's favorable payment history and information to a nationally recognized credit-reporting agency at least once every 12 months. This section shall not prevent a lender or its servicer from agreeing with the borrower not to report payment history information and shall not apply to covered loans held or serviced by a lender for less than 90 days. Nothing in this section shall prevent a lender from reporting a borrower's unfavorable payment history.

                
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(May 7, 2002, D.C. Law 14-132, § 207, 49 DCR 2551.)

HISTORICAL AND STATUTORY NOTES

Emergency Act Amendments

For temporary (90 day) addition of section, see § 207 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).

Legislative History of Laws

For Law 14-132, see notes following § 26-1151.01.