D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 5. EDUCATION |
SubTilte 5-A. OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION |
Chapter 5-A81. POSTSECONDARY NON-DEGREE SCHOOLS |
Section 5-A8120. CREDIT TRANSACTIONS
Latest version.
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8120.1A school shall not use any contract provision, oral or written representation, or other device or means to deny or abridge the benefits of any applicable Federal or District law or regulation intended to protect consumers or credit purchasers.
8120.2A school shall not negotiate or assign a promissory note or other instrument of indebtedness executed by or on behalf of a student or the student's parents or guardians without first endorsing on the face of it a legend stating "Any holder takes this instrument subject to the terms and conditions of the contract which gave rise to the debt evidenced hereby."
source
Final Rulemaking published at 37 DCR 6619, 6630 (October 19, 1990).