-
Current through October 23, 2012
For the purposes of this chapter, the term:
(1) "Credit line deed of trust" means any deed of trust in which title to real property located in the District of Columbia is conveyed, transferred, encumbered, or pledged to secure repayment of money that is loaned in the form of periodic advances by the noteholder named in the credit line deed of trust.
(2) "Real property" has the meaning set forth in § 47-802(1).
(3) "Single family residential property" shall have the same meaning as the term has in § 47-803(6).
(Jan. 28, 1988, D.C. Law 7-67, § 2, 34 DCR 7441; Mar. 11, 1992, D.C. Law 9-72, § 2(a), 39 DCR 20.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 45-2901.
Legislative History of Laws
Law 7-67, the "Real Property Credit Line Deed of Trust Act of 1987," was introduced in Council and assigned Bill No. 7-163, which was referred to the Committee on Consumer and Regulatory Affairs. The Bill was adopted on first and second readings on October 13, 1987, and October 27, 1987, respectively. Signed by the Mayor on November 5, 1987, it was assigned Act No. 7-100 and transmitted to both Houses of Congress for its review.
Law 9-72, the "District of Columbia Real Property Credit Line Deed of Trust Clarification Amendment Act of 1991," was introduced in Council and assigned Bill No. 9-70, which was referred to the Committee on Consumer and Regulatory Affairs. The Bill was adopted on first and second readings on November 5, 1991, and December 3, 1991, respectively. Signed by the Mayor on December 20, 1991, it was assigned Act No. 9-123 and transmitted to both Houses of Congress for its review.
