D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 26. INSURANCE, SECURITIES, AND BANKING |
SubTilte 26-C. BANKING AND FINANCIAL INSTITUTONS |
Chapter 26-C27. FORECLOSURE MEDIATION |
Section 26-C2717. MEDIATION REPORT
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2717.1Within ten (10) days after the completion of mediation, the Mediator shall file a Mediation Report with the Mediation Administrator and deliver a copy to the mediation parties.
2717.2The Mediation Report required by this section shall contain all of the following items:
(a) The date(s) on which the mediation was held, including the starting and finishing dates and times;
(b) The names and addresses of all persons attending, including their role in the mediation and, specifically, identifying the representative of each party who had decision-making authority, if applicable;
(c) A summary of any substitute arrangement made regarding attendance at the mediation;
(d)All calculations and other foreclosure avoidance tool calculations performed prior to or during the mediation and all information required in Section 2714;
(e) The results of the mediation, stating whether full or partial settlement was reached and appending any agreement of the parties;
(f) A statement as to whether a mediation party or a representative of a mediation party failed to:
(1) Attend the mediation;
(2) Make a good faith effort to mediate; or
(3)Supply documentation, information, or data as required by Section 2714; and
(g) If a settlement is not reached, a summary of the discussions of the mediation parties during the mediation.
2717.3Unless a settlement agreement is executed between the mediation parties, within ten (10) business days after receiving the Mediation Report and after reviewing and considering a Mediation Report the Mediation Administrator shall:
(a) Schedule the matter with another Mediator for one (1) additional mediation session if there is a reasonable likelihood the mediation parties will be able to reach a settlement agreement, or issue a Preliminary Mediation Certificate if the lender participated in the mediation in good faith;
(b) Assess any applicable penalty against the lender pursuant to the Act or this chapter, and issue a Preliminary Determination of Bad Faith if the lender did not participate in the mediation in good faith; or
(c) Cancel the mediation and issue a Preliminary Mediation Certificate if the borrower(s) did not participate in the mediation in good faith.