District of Columbia Code
Title 26 - Banks and Other Financial Institutions
Chapter 5B - Administration of the Banking Code

Subchapter I - General Provisions

§ 26–551.01. Short title - This chapter may be cited as the “General Provisions of...

§ 26–551.02. Definitions - For the purposes of this chapter, the term: (1) “Affiliate”...

Subchapter II - Abolishment of Department of Banking and Financial Institutions; Commissioner of the Department of Banking and Financial Institutions

§ 26–551.03. Administration of the District of Columbia Banking Code - (a) Repealed. (b) The Department shall administer the provisions of...

§ 26–551.04. Appointment of the Commissioner of the Department of Banking and Financial Institutions. [Repealed] - Repealed. (June 9, 2001, D.C. Law 13-308, § 104, 48...

§ 26–551.05. General powers and responsibilities of the Commissioner - (a) The Commissioner shall: (1) Administer the District of Columbia...

Subchapter III - Financial Institutions Advisory Board

§ 26–551.06. Establishment of the Financial Institutions Advisory Board - There is established a Financial Institutions Advisory Board (“Board”). The...

§ 26–551.07. Members of the Financial Institutions Advisory Board; compensation - (a) The Board shall be comprised of 15 members. The...

§ 26–551.08. Organization and operation of the Board - (a) The Board shall be organized, shall operate, and may...

§ 26–551.09. Weight of advice of the Board - If the Commissioner does not follow advice of the Board...

Subchapter IV - Investigation, Examination, and Enforcement Powers of the Commissioner

§ 26–551.10. Examinations of financial institutions - (a) The Commissioner shall hire and commission examiners who shall...

§ 26–551.11. Reports on financial institutions - (a) Unless otherwise provided by the District of Columbia Banking...

§ 26–551.12. Initiation of formal investigation of a financial institution - (a) If the Commissioner determines that a financial institution is...

§ 26–551.13. Notice of charges; hearing; final order - (a) The Commissioner shall formally initiate an investigation of a...

§ 26–551.14. Notification of other government agencies - (a) If the Commissioner finds in the Commissioner’s final order...

§ 26–551.15. Modification or rescission of orders - The Commissioner may modify or rescind a final order issued...

§ 26–551.16. Cease and desist order - (a) The Commissioner may issue and serve upon the financial...

§ 26–551.17. Temporary cease and desist order - (a) Along with a notice of charges, or after the...

§ 26–551.18. Confidentiality of information - (a) Except as provided in subsection (b) of this section...

§ 26–551.19. Enforcement of Department order, subpoena, or notice of charges - The Commissioner may, through the Corporation Counsel, apply to the...

§ 26–551.20. Judicial review - (a) Within 10 days after service of a temporary cease...

§ 26–551.21. Penalty for violation of final order - A person who violates an outstanding and effective final order...

Subchapter V - Generally Prohibited Activities

§ 26–551.22. Prohibition of fraud - A financial institution shall not engage in a fraudulent activity...

Subchapter VI - Miscellaneous Provisions

§ 26–551.23. Rulemaking - The Commissioner may issue rules implementing this chapter, pursuant to...

§ 26–551.25. Validity of prior law - A decision, order, interpretation, agreement, policy statement, opinion, regulation or...