Section 26-C2711. CANCELLATION OF MEDIATION

 

2711.1A mediation party may cancel mediation at any time after a borrower elects to participate in mediation pursuant to Section 2708 by submitting a Cancellation of Mediation Form (Form FM-X1) prescribed by the Commissioner and available on the Commissioner's website at http://disb.dc.gov.

 

2711.2In the event a mediation involves more than one (1) borrower, all borrowers who timely elected to mediate pursuant to Section 2708, must submit a Cancellation of Mediation Form (Form FM-X1) in order for a borrower to cancel the mediation.

 

2711.3Upon the cancellation of mediation by a borrower who has elected to mediate pursuant to Section 2708, within ten (10) days of receiving the Cancellation of Mediation Form (Form FM-X1) the Mediation Administrator shall cancel the mediation and issue to the lender a Final Mediation Certificate.

 

2711.4Upon the cancellation of mediation by a lender, the Mediation Administrator shall cancel the Notice of Default on Residential Mortgage (Form FM-1) issued by a lender and cancel the mediation.

 

2711.5Upon the cancellation of mediation by a lender pursuant to Subsection 2711.4, a borrower who timely elected to mediate pursuant to Section 2708 shall not be required to pay the mediation fee required by Subsection 2708.2(b)(3) in order to elect mediation in connection with a subsequent Notice of Default on Residential Mortgage (Form FM-1) issued on the same default for which the borrower paid the mediation fee required by Subsection 2708.2(b)(3) to mediate a default.

 

2711.6The Mediation Administrator shall send all mediation parties a copy of a Cancellation of Mediation Form (Form FM-X1) submitted by a mediation party along with notice that the mediation has been cancelled.

 

 

authority

Section 539b of An Act to establish a code of law for the District of Columbia, approved March 3, 1901 (31 Stat. 1189; D.C. Official Code § 42-815.02(j) (2012 Repl.)), and Mayor’s Order 2011-51, dated March 2, 2011.

source

Emergency and Proposed Rulemaking published at 58 DCR 2958 (April 8, 2011)[EXPIRED]; as amended by Emergency and Proposed Rulemaking published at 58 DCR 8247 (September 23, 2011)[EXPIRED]; as amended by Final Rulemaking published at 58 DCR 11469 (December 30, 2011); as amended by Final Rulemaking published at 61 DCR 6390 (June 27, 2014).