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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 26. INSURANCE, SECURITIES, AND BANKING |
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SubTilte 26-C. BANKING AND FINANCIAL INSTITUTONS |
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Chapter 26-C25. CONSUMER RETAIL CREDIT |
Section 26-C2518. REPOSSESSION
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2518.1If a buyer is in default in the payment of any sum due under a contract subject to this chapter or in the performance of any lawful condition imposed by the contract, the seller or seller's assignee may when authorized by law repossess the goods secured under the contract.
2518.2Unless the goods can be repossessed with the permission of the possessor obtained immediately prior to the repossession, and without use of force, intimidation, undue influence, fraud, or breach of the peace, the goods shall be not repossessed except by legal process.
2518.3Nothing in this section shall be construed to authorize violation of the criminal laws of the District of Columbia.
2518.4The disposition of repossessed goods and the application of any sums realized by the disposition, shall be in accordance with applicable statutory law, including D.C. Official Code§§ 28:9-610 and §§ 28:9-505 (1996 Repl. Vol.).
2518.5The seller or the seller's assignee must account to the buyer for any surplus from the proceeds of disposition as provided by D.C. Official Code § 28:9-610(2) (2001.), notwithstanding the absence of buyer liability for a deficiency.