(a) Within 14 days following the funding of a covered loan, a lender otherwise subject to the jurisdiction of the Mayor shall submit to the Mayor a loan package including copies of the following documents:
- (1) The settlement statement;
- (2) The FP-7 Form filed with the Recorder of Deeds;
- (3) The final Truth in Lending Act disclosure; and
- (4) The note.
- (b) In its transmittal of the loan package required by subsection (a) of this section, the lender shall certify that each of the documents provided are true copies of the original documents.
- (c) The loan package submitted pursuant to subsection (a) of this section shall remain confidential and exempt from disclosure under any law except to the borrower, a lender involved in the covered loan transaction, or current noteholder.
History
May 7, 2002, D.C. Law 14-132, § 221, 49 DCR 2551
Emergency Legislation
For temporary (90 day) addition of section, see § 221 of Home Loan Protection Emergency Act of 2002 (D.C. Act 14-295, March 1, 2002, 49 DCR 2534).