§ 47-2505. Note brokers.

Current through October 23, 2012

Note brokers shall pay a tax of $100 per annum. Every person, firm, company, or association not incorporated (except private banks and bankers) that loans money on promissory notes without real estate or collateral security or advances money on personal property as security without possession of said personal property shall be deemed a note broker; provided, that exception shall be made of cooperative associations whose business is restricted to the members of such association.

                
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(July 1, 1902, 32 Stat. 622, ch. 1352, § 6, par. 16; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 47-2505.

1973 Ed., § 47-1708.

Emergency Act Amendments

For temporary (90 day) amendment of section, see § 2302(a) of the Fiscal Year 2001 Budget Support Congressional Review Emergency Act of 2000 (D.C. Act 13- 438, October 6, 2000, 47 DCR 8740).

For temporary (90 day) amendment of section, see § 4(c) of the Gallery Place Economic Development Emergency Amendment Act of 2000 (D.C. Act 13-500, December 1, 2000, 48 DCR 562).