In any contract made in pursuance of the provisions of this chapter it shall be unlawful to incorporate any provision for liquidated or other damages as a penalty for any default or forfeiture thereunder.
(Feb. 4, 1913, 37 Stat. 660, ch. 26, § 9.)
1981 Ed., § 26-709.
1973 Ed., § 26-609.
Structure District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 9 - Money Lenders; Licenses
§ 26–904. Register to be kept; contents; inspection; annual statements
§ 26–906. Complaints; investigation; suspension, revocation, or denial of license
§ 26–908. Fees allowed on foreclosure
§ 26–909. Penalty provisions in contracts prohibited
§ 26–910. Exemption of certain persons and businesses; service of process thereupon